• It costs about $368 million a year to run the British monarchy.
• Some of that money comes from the queen’s private investments.
• But a substantial chunk — about $48 million last year — comes from the British government.
Royal families don’t come cheap: The Telegraph reports that it costs about £300 million (that’s about $368 million USD at current conversion rates) to run the British monarchy each year. So how do Queen Elizabeth II and her brood acquire such a sum?
Their funding actually comes from a few different sources, both public and private. Here’s how it breaks down.
Every year, the Queen gets a chunk of cash called the Sovereign Grant.
It comes from the treasury and it’s funded by taxpayers, according to the BBC.
The basic agreement is that the Queen gets the grant in exchange for surrendering all profits from the Crown Estate — the Royal family’s massive portfolio of properties — to the government. Every year, the Queen is given an amount of money equivalent to 15% of the Crown Estate’s profits from two years ago.
Read more at https://www.businessinsider.com/where-does-the-royal-family-get-money-2017-1#Q4Oz0pT2sUg1Eb2K.99