We all know the royal family has money, but have you ever thought about how they get it? Are they living off a pile of ancient gold that has been buried deep beneath Buckingham Palace for centuries? Is there a herald that periodically rides through London with a trumpet demanding the Queen’s taxes from the commoners? Is her wealth bestowed upon her by God, like her royal title? Are we maybe just drawing our hypotheses from the Robin Hood cartoon? Perhaps.
Well, we now know how the Queen makes her millions and, unfortunately, it’s not as interesting as any of those. The Queen makes her money from land.
The Queen is paid through the Sovereign Grant which is acquired from the Crown Estate. The Crown Estate is a property portfolio worth more money than any of us non-royals will see in our lifetimes. It consists of properties all over the U.K. including streets, luxury flats in London, country homes, farm land, coastline, forests and more. What does one woman do with all that?
Nothing. The Queen technically owns all that land but she doesn’t have any hand in managing it and she can’t sell it. That’s probably for the best though. Could you imagine the queen as your landlord?
The estate makes hundreds of millions of pounds a year which all go to that Sovereign Grant at the treasury. From there, the Queen gets 25 percent (a recent ten percent increase) of the profits of the estate. And that’s how the British monarch as been paid since 1776.
So while it’s not as cool as ancient gold, it’s a pretty decent way to make your money. We’d be pretty happy if we could have a massive chunk of land making us millions every year. Although, according to Harry, that might not be as cool as it sounds.
And now you know how the Queen keeps herself in fancy hats.