Where do British monarchs take money?

The annual maintenance of the English royal family is cheap - at 300 million pounds sterling. Where Elizabeth II and her family take such money? We will talk about this below.

"Sovereign Grant"

In fact, funding is provided from several sources, both private and public. Every year the Queen receives a "Sovereign Grant" from the Treasury, which is funded by taxpayers. But Elizabeth is given it for a reason, and in exchange for the transfer to the government of all the profits of the "Property of the Crown" - a massive portfolio of real estate of the royal family. In return, the head of the UK receives 15% of the profits of the Crown Property two years ago. For example, in 2013 the company earned 261.7 million pounds sterling. This means that in 2015, the size of the sovereign grant of the Queen was 15% of this amount - 40.1 million pounds.

According to the financial reports of the royal family, a sovereign grant is paid for trips, servicing the palace, utilities and salaries of civil servants. But for security and various ceremonies, money is allocated from other sources.

«Secret wallet»

This is the name of the private income of the queen. This money comes from the Duchy of Lancaster. There are land plots and other assets of the family, which they have owned for several centuries. In the Queen's possession of 18 433 hectares of land, as well as many residential, commercial and agricultural real estate. From 2015 to 2016 from Lancaster at the expense of the head of state received 17.8 million pounds sterling.

Personal status

Experts estimate it at 340 million pounds sterling. Elizabeth II alone owns the castle Balmoral and the house Sandringham, inherited from his father. Also, the head of state has a valuable collection of works of art. But, despite all this, she is not the most wealthy person in Britain. For the past two years, she has not been able to enter even the top 300 millionaires, which was compiled by the British newspaper "Sunday Times."