King Charles net worth: How does the royal family earn its money?
Here's how much money the royal family has (and how they make it):
The royal family's salary increased in 2025 with money from the U.K. Treasury, which was taxpayer-funded. In April, the Sovereign Grant fund was reportedly increased by over $58 million, which brought the family's income to nearly $172 million.
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The Sovereign Grant is mainly used for the required day-to-day expenses of the royal family, like staff salaries, maintaining their properties and travel expenses. The palace claims that much of the money from the fund will be put towards Buckingham Palace renovations, which should be completed in 2027.
Most of the money the royal family has comes from inheritance, the Duchy of Lancaster and the Duchy of Cornwall. A 'duchy' is a country, domain, estate or territory that is ruled by a duke or a duchess. In the case of the Duchy of Lancaster and the Duchy of Cornwall, much of their contents are estates of land, or fiefs.
The Duchy of Lancaster is solely for King Charles and is made up of over 45,000 acres of land and commercial real estate. It is valued at around $840 million.
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The Duchy of Cornwall is managed by the heir, Prince William. The fund (worth about $1.3 billion) is reinvested into surrounding communities.
Before stepping back as working royals, Prince Harry and Meghan Markle had reportedly received 95% of their income from the Duchy of Cornwall, with the other 5% coming from the Sovereign Grant. Both the Duchy of Lancaster and the Duchy of Cornwall are exempt from paying capital gains tax.
As reported by The Sunday Times, King Charles' net worth is expected to be a little over $860 million. This is almost double that of Queen Elizabeth, who had a net worth of around $442 million.
A lot of his worth comes from the 53 years he spent as the manager of the Duchy of Cornwall. According to The Guardian, its income totaled nearly $790 million from 1952 to 2022. Before King Charles became the monarch, he reportedly received a salary of $16.5 million during the 2022 to 2023 fiscal year.
Now, most of his money comes from the Duchy of Lancaster. In 1996, he reportedly had to give a huge chunk of money ($22.5 million to be exact) to Princess Diana following their divorce.
The 2024 Integrated Annual Report for the Duchy of Cornwall showed that William's private income was around $30 million. After Queen Elizabeth died, the Prince of Wales became the manager of the Duchy of Cornwall since he is now heir to the throne.
The duchy has over 128,000 acres of land across the southern part of England, including protected woodland, coastlines and commercial property assets and farms. The Duchy of Cornwall gives William access to its revenue, which is used to fund charitable, public and private events for him and his immediate family.
Forbes reported in 2021 that the overall net worth of the family is over $28 billion. A lot of this wealth is in the family's properties, with $20 billion being managed by the Crown Estate, which is the statutory corporation for the family.
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According to the Crown Estate's website, it generated over $1.4 billion for 'public finances' in 2024. Dan Labbad, CEO, said that same year, 'Today's record results are the product of years of commitment and investment into helping create the U.K.'s world-leading offshore wind sector, as well as the active management of our diverse and resilient portfolio.'
'Our track record and remit are also enabling us to invest and lay the foundations for future value creation that will benefit the country and its finances,' he finished.
The royal family also has many heirlooms, which are known as the Crown Jewels. The collection dates back to the Restoration of the Monarchy in 1660. It includes:
Imperial State Crown (worn by Queen Elizabeth during her 1953 Coronation)
Cartier Halo tiara (worn by Kate Middleton on her wedding)
Princess Diana's sapphire and diamond engagement ring
The Crown Jewels also include the Koh-i-Noor diamond, which was received in 1849 by the East India Trading Company. It has long been a debate on whether it was given to or stolen for Queen Victoria. It weighs 105.6 carats.
Most of Prince Harry and William's net worth comes from the nearly $10 million lump sum payments they each received after their mother, Princess Diana, died. Forbes claimed that they both started receiving annual dividends of around $470,000 once they turned 25 years old.
Queen Camilla has a net worth of $4.6 million, according to Express.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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