How much money does the British royal family make?
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Thursday marked a somber day for Britain's royal family after Queen Elizabeth II – the country's longest-reigning monarch – died at 96 years old.
She was seen rock of stability within the Monarchy PLC, also known as "the Firm" – a multibillion-dollar institution that funnels millions of pounds sterling into the British economy each year, Forbes reported.
The royal family has various sources of income, which varies depending upon the family member. Each one, undoubtedly, is comfortable financially, earning some revenue from tourists paying to visit royal palaces.
But, how much money do the royals have, and where does it come from?
The Monarchy PLC holds nearly $28 billion in assets through various entities such as The Crown Estate, Buckingham Palace and Kensington Palace, according to Forbes.
QUEEN ELIZABETH II, LONGEST-REIGNING BRITISH MONARCH, DEAD AT 96
For example, The Crown Estate, which owns the British monarchy's lands and holdings in the United Kingdom, manages $19.5 billion in assets. Buckingham Palace, the official London residence of the United Kingdom's sovereigns since the early 1800s, is worth an estimated $4.9 billion, Forbes reported.
Kensington Palace, which contains the offices and London residences of the Dukes and Duchesses of Cambridge, Gloucester and Kent, as well as the Prince and Princess Michael of Kent, is reportedly estimated to be worth $630 million.
Queen Elizabeth II
Before her passing, Queen Elizabeth II attained additional personal assets of $500 million, according to Forbes.
Her son, Prince Charles, automatically becomes monarch, even though the coronation might not take place for months. His worth of $400 million, according to Marie Claire.