Andrew is expected to move to a property on the king’s Sandringham estate near the northeast coast and receive private financial support from his brother.
I wonder if he (Andrew) actually owns anything in his own name. The funding for the royals is complex. The “working royals” get about $100m per year as a percentage of revenues from the Crown Estate as a kind of salary / per-diem to do their “jobs”. The Crown Estate had about £16.5b in assets, so the amount they’re paid is only a tiny fraction of its value. The king also gets money from the Duchy of Lancaster which includes land in Lancashire and Yorkshire as well as properties in London. Whoever’s the Duke of Cornwall gets paid from the Duchy of Cornwall which is land in South-West England. Some things you’d think would be owned by the country are actually privately owned by the monarch, like many of the palaces. They also own estates like Sandringham and Balmoral.
So, the monarch owns a lot of stuff privately, which is passed down to the next monarch. The current Duke of Cornwall (often the crown prince) has a billion pound private estate, which then gets passed to the next Duke when the current duke dies or becomes the monarch.
But, I wonder what the rest of them own. It sounds like the monarch is a multi-billionaire, the Duke of Cornwall is just barely a billionaire, and the rest of the royals get paid huge amounts in a sort-of “salary” if they’re willing to do royal-type work (cut ribbons, make speeches, etc.) but they don’t actually own much of anything.
His ex-wife, Sarah Ferguson, who had been living with him in the 30-room mansion, will have to find a new home.
That’s interesting. I wonder what that situation was like, and what she’ll do.
I wonder if he (Andrew) actually owns anything in his own name. The funding for the royals is complex. The “working royals” get about $100m per year as a percentage of revenues from the Crown Estate as a kind of salary / per-diem to do their “jobs”. The Crown Estate had about £16.5b in assets, so the amount they’re paid is only a tiny fraction of its value. The king also gets money from the Duchy of Lancaster which includes land in Lancashire and Yorkshire as well as properties in London. Whoever’s the Duke of Cornwall gets paid from the Duchy of Cornwall which is land in South-West England. Some things you’d think would be owned by the country are actually privately owned by the monarch, like many of the palaces. They also own estates like Sandringham and Balmoral.
So, the monarch owns a lot of stuff privately, which is passed down to the next monarch. The current Duke of Cornwall (often the crown prince) has a billion pound private estate, which then gets passed to the next Duke when the current duke dies or becomes the monarch.
But, I wonder what the rest of them own. It sounds like the monarch is a multi-billionaire, the Duke of Cornwall is just barely a billionaire, and the rest of the royals get paid huge amounts in a sort-of “salary” if they’re willing to do royal-type work (cut ribbons, make speeches, etc.) but they don’t actually own much of anything.
That’s interesting. I wonder what that situation was like, and what she’ll do.
https://apnews.com/article/king-charles-prince-andrew-strips-royal-titles-7fad76a46a211ae24b605cbd24e80748