How Much Does The Royal Family Cost Each Member Of The Commonwealth

Duchy Of Lancaster

The private estate of Her Majesty is the Duchy of Lancaster. This is both a rural estates conglomerate of 18,484 hectares of land throughout England and Wales, as well as residential and commercial properties she owns throughout the nation. Most of these are found in Lancashire, Cheshire, Yorkshire, Lincolnshire, and Staffordshire. The Queen's duchy also counts an impressive portfolio of commercial property in the Savoy-Strand area of London. Finally, it boasts a lucrative financial investments portfolio, including several offshore banking investments held in the Cayman Islands and Bermuda.

These annual profits belong to the monarch alone and are paid into the Privy Purse to help offset her private and some official expenses. As of March 31st, 2015, this Duchy had a value of 472 million pounds (637 million dollars), delivering sixteen million pounds (around twenty-two million dollars) in annual income. The Crown Prince's Duchy of Cornwall was worth 728 million pounds (983 million dollars) and provided an annual income of 18.3 million pounds (around twenty-five million dollars) paid to Prince Charles.

These ancient organizations with their eyes firmly set towards the future maintain the core goal of providing growing and sustainable incomes from the historic hereditary inheritances year in and out, all the while preserving the estates' capital for future monarchs and Crown Princes of Wales.