Royal family’s finances

Queen Elizabeth II’s death is prompting a massive restructuring of the royal family’s finances. King Charles III takes over the Crown Estate, while his eldest son William inherits the Duchy of Cornwall


Crown Estate (established 1760)

King Charles (above left) will hand all profits to government in return for Sovereign Grant

Notable holdings: London’s Regent Street (above centre), half of St James’s. Seabed around England, Wales and Northern Ireland and 70,800 hectares of land


Assets (2021-22)	Revenue 	Costs 		Profit 
£13.56bn 		£482.70m 	£179.30m 	£303.40m

Duchy of Lancaster (established 1351) 
King Charles also inherits private estate

Holdings: London’s Savoy estate, 18,248 hectares 
£801.49m 	£28.69m 	£3.85m 	£24.84m

Duchy of Cornwall (established 1337) 
Inherited by Prince William (above right)

Holdings: London’s Oval cricket ground, HM Dartmoor prison, 52,449 hectares of land
£1.05bn 	£45.01m 	£20.36m	£24.65m

Sovereign Grant: £86.3 million (2021-22) 

Property maintenance £49.19m
Staff costs £20.71m
Travel £3.45m
Utilities £2.59m
Other £10.35m


Sources: Crown Estate and Duchies’ annual reports
Pictures: Getty Images
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