Here’s How the British Royal Family Spends Their Money
The British royal family is known for their luxurious lifestyle and opulent spending habits. With palaces to call home and personal staff at their beck and call, it’s no wonder they have captivated the world for centuries. But despite their lavish expenditures, they are just like regular people in many ways. Let’s take a closer look at how they spend their money and get a glimpse of their financial state.
Stylish Fits
One thing the royals are known for is their impeccable fashion sense. From Duchess Kate’s enviable wardrobe to Meghan Markle’s Givenchy wedding dress, the British royal family is not afraid to spend a pretty penny on their clothing. With dresses costing upwards of $10,000 and wedding dresses costing hundreds of thousands of dollars, it’s safe to say that the royals spare no expense when it comes to their wardrobe.
Cars
The British royal family is also known for their love of luxury cars. Prince Philip’s rare 1954 Aston Martin Lagonda 3-Liter Drophead Coupe was estimated to be worth as much as $640,000, according to Forbes, while King Charles III’s 1969 Aston Martin Volante DB6 MKII was estimated to be worth around $427,000. And let’s not forget Prince Harry’s Audi RS6 Avant, which retails for roughly $120,000.
Education
When it comes to education, the British royal family does not settle for anything less than the best. Prince George attended the exclusive Thomas’s Battersea School in London, which costs $7,809 per term for students aged 4 to 7. And while the price decreases for subsequent children enrolled concurrently per family, it’s safe to say that the British royal family spares no expense when it comes to their children’s education.
Official Duties and Charitable Activities
Members of the British royal family are known for their busy schedules filled with official duties and charitable activities. This requires a significant amount of resources, with King Charles and Queen consort Camilla Parker Bowles racking up a combined tab of about $14 million in 2016 alone. And while most expenses related to official and charitable duties were paid for by King Charles’ private income from The Duchy of Cornwall, it’s still a hefty sum.
Gifts for Loved Ones
When it comes to showering loved ones with gifts, the British royal family is not shy about spending big bucks. From Cartier Love Bracelets to gold Maya Brenner necklaces, Prince Harry knows how to spoil his wife, Meghan Markle. And let’s not forget the time he reportedly spent thousands on a piece of art titled “Everybody Needs Somebody to Love” by British artist Van Donna for “an important person.”
Childbirth
The British royal family is also unafraid to spend money when it comes to childbirth. Kate Middleton gave birth to all three of her children in the exclusive Lindo Wing at St. Mary’s Hospital, where the cost of a suite reportedly starts at around $9,000 per night. It’s safe to say that the British royal family spares no expense when it comes to welcoming new additions to the family.
Related Facts:
– Prince Harry’s wedding to Meghan Markle reportedly cost an estimated $45 million.
– The British royal family’s net worth is estimated to be around $88 billion.
– The British monarchy brings in an estimated $2.4 billion in tourism revenue each year.
Key Takeaway:
The British royal family is known for their extravagant spending habits, from their luxury cars to their designer wardrobes. But despite their opulent lifestyle, they are still just like regular people in many ways. They have bills to pay, and they enjoy dining out and decorating for the holidays. At the end of the day, the British royal family’s spending is a reflection of their immense wealth and status.
In conclusion, while the British royal family’s spending habits may seem excessive to some, it’s important to remember that their wealth comes from a long history of tradition and legacy. Whether you’re a fan of the royals or not, it’s fascinating to see how they spend their money and the lavish lifestyle that comes with it.
