Nobody knows exactly how rich Queen Elizabeth II was. Royal wills are also not made public, so we'll never know who inherited what, but speculation abounds. What is the truth? Not for us plebes to know, but here at the Cut we always do our best to find out
, the Sovereign Grant for 2020–2021 was set at £86.3 million, security fees not included — the government covers those, but does not disclose the cost — though about £55 million went to renovations on Buckingham Palace. The apparent necessity of that refurbishing project, scheduled to take ten years, actually boosted the Sovereign Grant to more than £100 million.
As the new sovereign, Charles now holds the grant’s purse strings, just like his mother did before him. His personal fortune, however, comes from other sources — namely, one of two lucrative duchies over which the monarchy presides.£13 million–plus required to settle Virginia Roberts Giuffre’s rape lawsuit against Prince Andrew
earlier this year, she did not do so from the Sovereign Grant. That would surely cause a public uproar and conceivably constitute an abuse of funds. Instead, that fortune would have come out of her private stores, juiced by the Duchy of Lancaster.In short, the territory ruled by a duke, which the queen was. Her Duke of Lancaster title now passes to Charles, while Charles’s title and fiefdom — Cornwall — goes to William.
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