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It might seem like we know the British royal family based on how public their lives are, but when you really think about it, how much do you really know about the lifestyles of the most famous family in England? While we do know what Prince William and Kate Middleton do when it comes to their jobs — like being a part of the Royal Air Force, in William's case — not many people know where the family's money and wealth actually comes from.
Spoiler alert: the bulk of the money that Queen Elizabeth II and her family have is inherited. What you might not know is how the family first received, and continue to receive, the bulk of that money. Essentially, there are three different ways in which the queen and her heirs make money every year and retain their wealthy status.
Intents - Purposes - Elizabeth - II - Money
For all intents and purposes, we're going to focus on how Queen Elizabeth II makes money, because technically it's the same formula for her descendants and her heirs. The queen has an undisclosed amount of earnings that come annually from "inherited private estates" including Balmoral Castle and other properties from her personal investment portfolio.
According to the royal family's website, this inheritance initially came from Her Majesty's father, King George VI, and also consists of a valuable artwork and stamp collection. Last year, her private income was estimated to be about £340 million ($490 million), according to a Sunday Times report in 2016.
Area - Wealth - Queen - Taxes - Income
When it comes to this area of her wealth, the queen does pay taxes on any income she privately makes from her different investments, but what she pays has always remained secret. These properties — unless she chooses to sell them — will most likely go to her descendants someday.
The Privy Purse isn't just a fancy British term...
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