Prince Harry and Meghan Markle’s wedding is going to be costing a pretty penny – more than $58 million to be exact – and given the royal family’s collective lack of formal employment, it has to be asked: Where does all of their money come from?
Are they growing a magical money tree we don’t know about?
And if yes, are they available to buy at IKEA?
Still, Rowling has Harry Potter, while we’re still trying to figure out what it is that the Queen, 92, and the rest of the royals actually do that makes them so goddamn rich.
Well, their money comes from quite a few places – mainly the British government and their own private estates.
The Queen receives income from three main sources – the Sovereign Grant, the Duchy of Lancaster estate and her personal property and investments.
The Sovereign Grant comes from the government in the form of an annual lump sum, and is supposed to cover things like travel, security, staff and the general upkeep of the palaces.
For the 2016 to 2017 fiscal year, she received $77 million tax-free, but this was increased to $137 million this year, in order to foot the bill for a major renovation of Buckingham Palace.