King Charles inherited $500 million in assets after the Queen's death, but that's just a fraction of his wealth. Here's how the monarchy makes millions each year.

Erin McDowellMay 4, 2023, 11:05 IST

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The British royal family has a vast collection of wealth, including real estate and private assets.
A large portion of King Charles' wealth comes from the Sovereign Grant.

The royal family's wealth comes from sources including a taxpayer-funded grant, a multibillion-dollar real-estate portfolio, and inherited assets.

King Charles III, Princess Anne, and Camilla, the Queen Consort, walking past the coffin of Queen Elizabeth II on September 12.JANE BARLOW/POOL/AFP via Getty Images

A large portion of Charles' wealth comes from the Sovereign Grant, a taxpayer-funded grant given to the monarch.

Charles watching a parachute jump during D-Day commemorations on June 5, 2014.Samir Hussein/WireImages/Getty Images

As monarch, Charles is the head of a vast collection of real estate that includes Buckingham Palace and the Tower of London — but technically he doesn't own these properties.

Buckingham Palace.Vuk Valcic/SOPA Images/LightRocket via Getty Images

As monarch, Charles is the head of a vast collection of real estate that includes Buckingham Palace and the Tower of London — but technically he doesn't own these properties.

Charles inherited the Duchy of Lancaster, a holding worth roughly $820 million that belongs to the monarch of Britain.

Charles at Lancaster House in July 2021.Jonathan Brady/Getty Images

Charles may have inherited about $500 million worth of personal assets from the Queen.

Charles at the Queen's funeral on September 19 at St. George's Chapel.Victoria Jones - WPA Pool/Getty Images

Before he inherited the Sovereign Grant, Charles owned the private estate known as the Duchy of Cornwall.

The Oval, a cricket ground included in the Duchy of Cornwall, in September.IAN KINGTON/AFP/Getty Images

As part of the estate, Charles also owned Duchy Organic, the UK's largest organic food-and-drink brand. The profits from the enterprise — passed down to William — go to charity.

Camilla and Charles pay at the checkout in a Waitrose store in London during a visit to celebrate licensing of Duchy Organic products on September 10, 2009.David Parker/WPA Pool/Getty Images

As part of the estate, Charles also owned Duchy Organic, the UK's largest organic food-and-drink brand. The profits from the enterprise — passed down to William — go to charity.

Charles has also made a small fortune as one of the UK's most successful living artists.

Prince Charles painting with watercolors In Klosters, Switzerland, in 1994.Julian Parker/UK Press/Getty Images

As the new Prince of Wales, Prince William inherited the Duchy of Cornwall, adding to his own personal income.

Prince William and King Charles III walk behind the coffin of Queen Elizabeth II.Max Mumby/Indigo/Getty Images

In his younger years, Prince William earned an income from his time in the British military.

Prince William during his time in the Royal Air Force.Faye Storer/AP

William also inherited an estimated $12.5 million from his late mother Princess Diana's estate.

Princess Diana and Prince William enjoying a Wimbledon Championship tennis match in 1991.Manuela DUPONT/Gamma-Rapho via Getty Images

Before she married into the royal family, Kate Middleton came from a wealthy family.

Pippa and Kate Middleton at Wimbledon in 2012.Getty/Clive Brunskill

Like his older brother, Prince Harry received an inheritance from his late mother's estate.

Princess Diana and Prince Harry at Thorpe Park in 1992.Julian Parker / Contributor / Getty Images

Prince Harry and Meghan Markle received a "substantial sum" from Charles after announcing their step back from royal duties in 2020.

Meghan Markle, King Charles III, and Prince Harry attend Trooping the Colour in 2018.Samir Hussein/Samir Hussein/WireImage/Getty Images

In September 2020, Harry and Meghan founded their own production company and signed a deal with Netflix reportedly worth $100 million.

Prince Harry and Meghan Markle in the second promo for their docuseries "Harry & Meghan."Netflix

The Sussexes also reportedly received $30 million for their three-year podcasting deal with Spotify.

The Duchess of Sussex leads the "Archetypes" podcast on Spotify.Chris Jackson/Getty Images, Archewell/Spotify

Harry and Meghan have donated to a number of charitable causes through their Archewell Foundation.

Harry and Meghan accepting the NAACP President's Award on February 26, 2022.Earl Gibson III/NAACP

The couple also has a collection of personal assets — including their $14.65 million home in Santa Barbara, California.

Santa Barbara, California.Jordan Siemens/Getty Images

Prince Andrew is no longer a working royal, so he doesn't receive a cut of the Sovereign Grant.

Prince Andrew.Steve Parsons - WPA Pool/Getty Images

Before the death of her mother, Princess Anne received a stipend from the Duchy of Lancaster.

Princess Anne attends the 2023 Commonwealth Day Service.Samir Hussein/WireImage via Getty Images

Charles' youngest brother, Prince Edward, has also earned millions from royal engagements and lives in a sprawling royal residence.

Prince Edward and his wife Sophie, Countess of Wessex.Pascal Le Segretain/Getty Images

King Charles inherited an estimated $9.5 billion royal real-estate portfolio. Take a look inside his most expensive palaces and homes.

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King Charles inherited $500 million in assets after the Queen's death, but that's just a fraction of his wealth. Here's how the monarchy makes millions each year.

The royal family's wealth comes from sources including a taxpayer-funded grant, a multibillion-dollar real-estate portfolio, and inherited assets.

A large portion of Charles' wealth comes from the Sovereign Grant, a taxpayer-funded grant given to the monarch.

As monarch, Charles is the head of a vast collection of real estate that includes Buckingham Palace and the Tower of London — but technically he doesn't own these properties.

Charles inherited the Duchy of Lancaster, a holding worth roughly $820 million that belongs to the monarch of Britain.

Charles may have inherited about $500 million worth of personal assets from the Queen.

Before he inherited the Sovereign Grant, Charles owned the private estate known as the Duchy of Cornwall.

As part of the estate, Charles also owned Duchy Organic, the UK's largest organic food-and-drink brand. The profits from the enterprise — passed down to William — go to charity.

Charles has also made a small fortune as one of the UK's most successful living artists.

As the new Prince of Wales, Prince William inherited the Duchy of Cornwall, adding to his own personal income.

In his younger years, Prince William earned an income from his time in the British military.

William also inherited an estimated $12.5 million from his late mother Princess Diana's estate.

Before she married into the royal family, Kate Middleton came from a wealthy family.

Like his older brother, Prince Harry received an inheritance from his late mother's estate.

Prince Harry and Meghan Markle received a "substantial sum" from Charles after announcing their step back from royal duties in 2020.

In September 2020, Harry and Meghan founded their own production company and signed a deal with Netflix reportedly worth $100 million.

The Sussexes also reportedly received $30 million for their three-year podcasting deal with Spotify.

Harry and Meghan have donated to a number of charitable causes through their Archewell Foundation.

The couple also has a collection of personal assets — including their $14.65 million home in Santa Barbara, California.

Prince Andrew is no longer a working royal, so he doesn't receive a cut of the Sovereign Grant.

Before the death of her mother, Princess Anne received a stipend from the Duchy of Lancaster.

Charles' youngest brother, Prince Edward, has also earned millions from royal engagements and lives in a sprawling royal residence.