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From the article: "However, 25% of the profits are given back to the queen and the royal family as part of the Sovereign Grant, which is used to fund the royal
by arbuge 5y ago
From the article:
"However, 25% of the profits are given back to the queen and the royal family as part of the Sovereign Grant, which is used to fund the royal family itself on an annual basis. For example, this year's figure of £85.9 million is 25% of The Crown Estate's profits in 2018/19. So that means the queen's own personal fortunes are directly connected to the performance of The Crown Estate."
- hn_throwaway_99 5y agoYeah, but the Sovereign Grant is used to fund the sovereign (and related family members) in her working role as head of state. This is for things like people employed in the Royal Household, people who maintain Buckingham Palace, etc. Note this is separate from the income of the Duchy of Lancaster (for the monarch) and the Duchy of Cornwall (for the Prince of Wales), which is more like personal income. Wikipedia has a good overview: https://en.wikipedia.org/wiki/Sovereign_Grant_Act_2011 https://en.wikipedia.org/wiki/Sovereign_Grant_Act_2011
- daniel-cussen 5y agoOh, come on, it's like being president, only moreso. Being president means you have to travel all the time, of course! And how are you going to fly, in business? Of course not! You think the people employed in the Royal Household wouldn't hustle to get the Prince of Wales a sandwich if he asked for it right away? At a certain point income and status are the commingled. I remember the quote from I think Tony Blair, that he never handles money, when a fee comes up for cash he would ask one of his bodyguards for bills.