The Royal Family Have Their Own Income Sources
The Royal Family don’t live exclusively at the state’s expense. They have several sources of income. Funding mostly comes from the Duchy of Lancaster. The portfolio of the land comprises commercial, agricultural, and residential properties. The profits from the Duchy of Lancaster go to the Treasury, which then gives funds to the Queen to provide for expenses not covered by the Sovereign Grant. The Queen also owns personal property including Sandringham House in Norfolk, Balmoral Castle in Aberdeenshire, and other smaller houses. The main source of the Queen’s public income comes from the Sovereign Grant—a fixed percentage of the profits made by the Crown Estate that dates back to 1760. According to the law, surplus revenue from the crown’s lands would go to the Treasury and 15% go to the Queen. Other personal goods include the royal stamp collection, art, jewels, cars, horses, and the Queen Mother’s legacy, which all add to her personal fortune.