DETAILS ABOUT BRITISH ROYAL FINANCES:
PART 2 OF ROYALS WEEK!
Let’s dive into the Royal’s Family’s Money! Where it comes from, how much there is, and what it’s used for specifically. It gets pretty complex so there will be a little left out but we’re going to get into the 3 main income sources – the Sovereign Grant, Duchy of Cornwall, and Duchy of Lancaster. It is fascinating and so much to learn.
Interesting information alert: Full-time Royals are paid from these sources and are prohibited from earning money from outside sources. Harry and Meghan, who stepped down as working royals in April of 2020 and were cut off financially from the family, have since launched a foundation, production and audio company, Archewell, which struck major deals with Netflix and Spotify.
A major issue mentioned in Oprah’s interview with Harry and Meghan was Security, which is paid for by the UK’s government Treasury. No breakdown of security costs is available as disclosure of such information could compromise the integrity of these arrangements and affect the security of the individuals protected. Royals receive security for public duties and some of them are also protected around the clock – namely The Queen, Prince Philip, Prince Charles, Camilla, Prince William, Kate and their three children.” The Queen’s other 3 children receive security while at Royal engagements, but not 24 hours a day. There is a strong correlation with being a “full-time” working royal and receiving state funded security around the clock. But if you are a part-time royal, you don’t get full-time security or it is paid for with private money.