The British royal family is known all across the world and one aspect of the monarchy that often gets discussed is money – so what is their net worth?

It’s no secret that the monarchy is worth a lot of money. Their many royal residences proves this.

But how much is the British royal family’s net worth and where does their money come from? Let’s have a look.

How much is the British royal family’s net worth

Of course, it’s not actually known for a fact how much the British royal family is worth – but there are estimations in regards to their net fortune. However, estimates online suggest the monarchy could be worth around £22billion.

So where does King Charles and other members of the royal family get their money from?

And how much does the monarchy get from the taxpayer?

How much money the royal family gets from the Sovereign Grant

Each year, the royal household reveals the family’s public finances.

The British royal family receives an annual payment from the government – known as the Sovereign Grant – and this is a big chunk of their net worth. It funds the monarch’s official duties and the maintenance of the royal palaces. In other words, it pays for the royal family’s running costs.

In July, the 2023/24 report was unveiled revealing the total was unchanged from the prior year at £86.3million.

It was also revealed that the monarchy was set to get an extra £45m thanks to profits from the Crown Estate, due to six new offshore wind farms.

The Crown Estate is a property business owned by the monarch. It runs independently.

The king has said he wants the profits to be used for the “wider public good”.

Meanwhile, the profits have increased to £1.1billion, leading to a rise in the Sovereign Grant. The grant will rise from £86.3m in 2024/25 to £132m in 2025/26.

Other ways the British royal family makes money

Elsewhere, King Charles and his son Prince William earn incomes through the Duchies of Lancaster and Cornwall – which are private estates.

The Duchy of Lancaster was worth £647.6m at the end of March 2024. Meanwhile, the Duchy of Cornwall – which the Prince of Wales benefits from – had total assets worth £1.26billion.

The Duchy of Cornwall covers land in south-west England.

King Charles and Prince William personally receive the profits from the duchies. They can then decide how they wish to spend them.

Meanwhile, some British royal family members have private art, jewellery and stamp collections which they can sell, which would be considered when it comes to estimating their net worth.

Do the royals pay tax?

In 1992, Queen Elizabeth II volunteered to pay income tax and capital gains tax.

Since 1993, the monarch’s personal income has been taxable. King Charles also pays tax.

However, the two duchies are exempt from corporation tax. But King Charles and the Prince of Wales voluntarily pay income tax on the profit they generate.