2024-07-25 01:03:04
A delayed inheritance and profits from their possessions: King Charles and his two sons William and Harry can each look forward to millions.
King Charles can apparently expect a salary increase of 45 million pounds (about 54 million euros). According to British media reports, the 75-year-old’s official budget will increase by more than 50 percent. This is said to be the result of a new balance sheet from the royal family.
According to The Guardian, profits from the Crown Estate, the crown’s land and real estate holdings, amounting to 1.1 billion pounds (1.3 billion euros), mean that the Sovereign Grant, which is used to finance the royal family’s official duties, will rise from 86 million pounds (102 million euros) in 2024/25 to 132 million pounds (157 million euros) in 2025/26. Part of the profits from the Crown Estate will flow into the Sovereign Grant. However, the income from the grant is currently not only used to finance the work of the royals. Money from it will also go towards the years-long renovation of Buckingham Palace in London. The costs here are expected to be 369 million pounds (439 million euros).
The report also appears to show that Prince William of the Duchy of Cornwall will receive £23.6 million (€28 million). As heir to the throne, the 42-year-old inherited the duchy, including its land and real estate holdings, from his father when he became king in 2022. The income from this covers the costs of the public duties and private life of the Prince of Wales, his wife Princess Kate and their three children.
Meanwhile, Prince Harry will also soon be able to look forward to a windfall. After stepping down as a working member of the royal family, he will no longer benefit directly from the royal family. However, according to a “Times” report, the Duke of Sussex will receive a large cash gift for his 40th birthday on September 15 – thanks to the arrangements made by his late great-grandmother, Queen Mum.
The mother of the late Queen Elizabeth II is said to have paid 70 million pounds (83 million euros) into a trust fund for her family and stipulated that Harry would receive his share when he turned 40. The sum for him is said to be seven million pounds (8.3 million euros), which is allegedly higher than Prince William’s share, as he also has income from the Duchy of Cornwall.
According to British media, the financial report also revealed that Frogmore Cottage, the house on the royal Windsor estate that Prince Harry and Duchess Meghan lived in for a time, is still empty. After the Duke and Duchess of Sussex emigrated to the USA, Princess Eugenie, the daughter of Prince Andrew, initially lived there with her family. There are currently no new residents.