The British royal family is one of the most famous and wealthy families in the world. From the Queen herself to her grandchildren, the members of the royal family are estimated to have a net worth in the billions. But have you ever wondered how much each member is actually worth and why there are such vast differences between them?
In this article, we will take a closer look at the net worth of each member of the British royal family, and explore the factors that contribute to their individual wealth. From inheritance and investments to titles and allowances, we’ll uncover the fascinating reasons behind the varying fortunes of this illustrious family. So, grab a cup of tea and join us as we delve into the world of royal finances.
Who Are The Members of the British Royal Family?
The British royal family is made up of a number of individuals who are related to Queen Elizabeth II (passed away in 2022), either by blood or by marriage. The senior members of the family include the Queen’s children, grandchildren, and great-grandchildren, as well as her husband, Prince Philip (passed away in 2021). The senior members of the British royal family, including those recently passed away, are:
- Queen Elizabeth II (deceased) & Prince Philip (deceased)
- King Charles III (first son of the Queen and Prince Philip) & Camilla
- Prince William & Kate Middleton
- Prince Harry & Meghan
- Prince Andrew (second son of the Queen and Prince Philip)
- Princess Beatrice (elder daughter of Prince Andrew)
- Princess Eugenie (younger daughter of Prince Andrew)
- Prince Edward (third son of the Queen and Prince Philip) & Sophie
Let’s take a look at each of their net worths below.
Queen Elizabeth II & Prince Philip
Queen Elizabeth and Prince Philip had a combined estimated net worth of $530 million upon their deaths.
Queen Elizabeth II has an estimated net worth of around $500 million. Much of her wealth is derived from inherited assets, including real estate and valuable artworks, as well as income from the Crown Estate, which is a vast portfolio of land and property owned by the monarchy. Additionally, the Queen has a private investment portfolio and receives an annual income from the Duchy of Lancaster, which is a historic estate that provides income for the reigning monarch.
Prince Philip, on the other hand, had a net worth of around $30 million at the time of his death. Like the Queen, he inherited significant wealth, including property and works of art, and was a recipient of various allowances and income from the Duchy of Lancaster. He was also the son of a Greek prince and a Danish princess, and inherited significant wealth from both sides of his family.
King Charles III & Camilla
King Charles III & Camilla have a combined estimated net worth of roughly $142 million.
King Charles III has a net worth of around $135 million. Much of his wealth is derived from inherited assets, including real estate, art, and jewelry, as well as income from the Duchy of Cornwall, which is a private estate that provides income for the Prince of Wales. In addition to his inherited wealth and income from the Duchy, Prince Charles also has a private investment portfolio that includes stocks, bonds, and other financial assets.
Camilla, Duchess of Cornwall, also has significant wealth, with an estimated net worth of around $6.8 million. Her wealth comes from her family’s fortune, as well as from her husband’s inheritance and income from the Duchy of Cornwall. Camilla has been involved in a number of charitable causes over the years, particularly those related to literacy and supporting victims of domestic violence.
Prince William & Kate Middleton
Prince William and Kate Middleton have a combined estimated net worth of around $107 million.
Prince William and Kate Middleton, also known as the Duke and Duchess of Cambridge, have assets and income from various sources, including inherited wealth, real estate, and investments.
Prince William has inherited significant wealth from his father and grandparents to the tune of up to $100 million, including assets such as property, art, and jewelry. He also receives income from the Duchy of Cornwall and has had a successful career as a helicopter pilot and search and rescue pilot.
Kate Middleton, on the other hand, has inherited some wealth from her family and benefits from her husband’s wealth and income from the Duchy of Cornwall. The wealth she inherited from her family includes a trust fund set up by her grandfather that was reportedly worth around $6.4 million at the time of her marriage to William.
Kate Middleton’s family’s business, Party Pieces, has been a significant source of wealth for the Middleton family, and it is estimated to be valued around $40 million. Kate’s involvement in the company prior to her marriage to Prince William is not entirely clear, although she is known to have worked for the company briefly after college.
While Party Pieces has undoubtedly contributed to the Middleton family’s wealth, it is worth noting that Kate and her immediate family have been careful to maintain a relatively low profile and avoid any appearance of profiting from their connection to the royal family. In fact, there were reports that Party Pieces removed all mention of Kate from its website after her engagement to Prince William was announced in 2010, in an effort to avoid any perception of exploiting her status.
Prince Harry & Meghan
Prince Harry and Meghan Markle have an estimated combined net worth of around $90 million.
Prince Harry, as a member of the royal family, has access to various resources and benefits that are not factored into his personal net worth, including staff, housing, travel, and security. However, he has also had a successful military career as a helicopter pilot and founded the Invictus Games, a multi-sport event for wounded or sick military personnel. His net worth was estimated to be roughly $20 million at the time of marrying Meghan, most of it coming from a $12 million inheritance he received from the estate Princess Diana, his late mother.
Before marrying Prince Harry, Meghan Markle had a successful career as an actress, most notably as a cast member on the TV show “Suits.” She reportedly earned around $50,000 per episode of “Suits,” and also had income from other acting gigs and endorsement deals. It’s estimated that her net worth prior to joining the royal family was around $5 million.
Adding to their income after leaving the royal family, both Prince Harry and Meghan have signed multi-year deals with Netflix and Spotify through their own production companies, Archewell Productions and Archewell Audio. The couple’s first project with Netflix, “Heart of Invictus,” is a documentary series that follows competitors as they prepare for the Invictus Games, a multi-sport event for wounded or sick military personnel that Prince Harry founded in 2014.
Both the Netflix and Spotify deals represent a significant shift financially for the couple, who stepped back from their roles as senior members of the royal family in early 2020. This catapulted their net worth to an estimated total of $90 million, as the deals were reported to be quite lucrative and close to nine figures.
It’s worth noting that Harry and Meghan’s net worth has been the subject of some speculation and controversy. In their interview with Oprah Winfrey in March 2021, they claimed that they had been cut off financially by the royal family and had to rely on their own savings and income from their new ventures. However, some sources have disputed these claims, and it is unclear exactly how much support they receive from the royal family or how much of their net worth is derived from their own business ventures.
The deals with Netflix and Spotify have also been the subject of controversy and scrutiny. Some critics have questioned the couple’s decision to use their royal connections to secure lucrative deals, while others have raised concerns about conflicts of interest and the potential for the couple to exploit their status for financial gain. Nonetheless, Harry and Meghan’s deals with Netflix and Spotify represent a new chapter in their lives and careers, as they continue to forge their own path outside of the traditional confines of the royal family.
Prince Andrew has an estimated net worth of $10 million.
Prince Andrew served in the Royal Navy for more than two decades, from 1979 to 2001, and rose to the rank of commander. During his military career, he also served in the Falklands War and received several honors and awards for his service.
After leaving the military, Prince Andrew became involved in various business ventures, including serving as the UK special representative for international trade and investment from 2001 to 2011. He also founded his own company, Pitch@Palace, which connects entrepreneurs with potential investors and has helped to launch dozens of successful startups.
Despite his successful career and royal connections, Prince Andrew’s net worth has been the subject of some controversy and speculation. In recent years, he has faced scrutiny over his connections to convicted sex offender Jeffrey Epstein, who died in jail in 2019. In 2019, Prince Andrew announced that he would be stepping back from his public duties following a widely-criticized interview about his relationship with Epstein.
Andrew’s net worth has been largely due to his inherited wealth, royal privileges, and business ventures. However, the controversy surrounding his association with Epstein and other scandals has raised questions about his financial dealings and reputation, and has led to calls for greater transparency and accountability from members of the royal family.
Princess Beatrice of York is estimated to have a net worth of roughly $5 million.
She is the elder daughter of Prince Andrew, Duke of York, and Sarah, Duchess of York.
After graduating from the University of London in 2011, Princess Beatrice began working in finance, first as an intern at the investment firm, Cabot Square Capital. She then went on to work for several other firms, including the private equity firm, Sandbridge Capital, and the venture capital firm, Afiniti.
In addition to her work in finance, Princess Beatrice has also been involved in several charitable organizations and causes. She is a patron of several organizations, including the Teenage Cancer Trust, the Forget Me Not Children’s Hospice, and the Helen Arkell Dyslexia Centre.
Princess Beatrice’s personal net worth is largely due to her inherited wealth and successful career in finance. She inherited a portion of her mother’s estate, which was estimated to be worth around $3.8 million.
In 2020, Princess Beatrice made headlines for her low-key wedding to property developer Edoardo Mapelli Mozzi, which took place during the COVID-19 pandemic. The couple reportedly did not accept any financial assistance from the royal family for their wedding and instead paid for it themselves.
Princess Beatrice of York is estimated to have a net worth of roughly $5 million.
After graduating from Newcastle University with a degree in English and History of Art in 2012, Princess Eugenie worked in various fields related to the arts, including internships at Christie’s auction house and the Royal Collection. She then worked as a benefits auctions manager for the online auction house Paddle8, which specializes in art and luxury goods.
In addition to her work in the arts, Princess Eugenie is also involved in several charitable organizations and causes. She is a patron of several organizations, including the Elephant Family, the Teenage Cancer Trust, and the Royal National Orthopaedic Hospital Appeal.
Princess Eugenie’s personal net worth is largely due to her inherited wealth and successful career in the arts. She also inherited a portion of her mother’s estate, which was estimated to be worth around $3.8 million.
In 2018, Princess Eugenie made headlines for her royal wedding to Jack Brooksbank, a wine merchant and brand ambassador. The couple reportedly paid for the wedding themselves and did not accept any financial assistance from the royal family. The wedding was attended by various members of the royal family and other celebrities, and was estimated to have cost around $2.5 million.
Prince Edward & Sophie
Prince Edward and Sophie have an estimated combined net worth of around $3 million.
Prince Edward and Sophie’s personal net worth are largely due to their inherited wealth and successful careers in television production and public relations.
After completing his education, Prince Edward founded his own television production company, Ardent Productions, in 1993. The company produced a range of programming, including documentaries, dramas, and reality shows. However, it faced financial difficulties and was eventually liquidated in 2009.
Sophie worked in public relations before her marriage to Prince Edward and has continued to be involved in charity work since then. She is a patron of several organizations, including the Teenage Cancer Trust, and is involved in various causes related to health and wellbeing.