Royal Family Wealth: Who's the Richest?
By: The government does not own this estate. Charles actively manages it. Officially he’s not allowed to profit from the sale of any assets. But could he sell? Does Charles own inherited Royal assets in a way the Queen does not?
Elizabeth can lay personal claim to a country house in Sandringham, a few stud farms, Balmoral Castle in Scotland and her father’s stamp collection. But Forbes says that’s only worth $500 million.
Charles on the other hand has a one billion dollar property portfolio, worth twice that—without beginning to count his homes.
Does Charles also have more disposable cash to spend than his mother?
His annual $28 million income equates to more than 60 percent of what taxpayers give the Queen that’s not directly linked to reimbursing expenses. But Elizabeth’s additional outgoings are far greater.
There are 800 servants at Buckingham Palace alone. Plus the Queen funds the rest of the Windsor family: upwards of $2 million in annual cash handouts in addition to paying rents to the government on Royal apartments that they would otherwise occupy for free.
Charles must provide for Camilla and his sons. But both princes are salaried pilots in the armed forces. More importantly their late mother, Diana left each of them $10 million—providing both with an investment income of $450,000 a year, according to Forbes.
Even the official website of the Prince admits that—after paying his own 174 servants and charitable activities—Charles still has 40 percent of his after-tax income to play with.
Charles just broke his uncle’s record for waiting more than 59 years to be crowned King. But as the monarch’s first-born male. Windsor Money ensures that happens far from poverty.
Watch Simon Hobbs' reports about the wealth of the royal family, including more details about their assets, on "Squawk On The Street", Thursday April 28 and Friday April 29, 9-11am ET
