The royal family’s wealth comes from a complex variety of sources: taxpayers, estates (known as duchies) and other privately held assets. Charles has made no secret of his plans to change the monarchy; he wants to reduce the number of working royals. Although the monarch technically owns the crown estate, it is run independently and in effect belongs to the government. As king, Charles has inherited the Duchy of Lancaster and passed the Duchy of Cornwall to Prince William, his heir. In 2022 the duchies’ assets are worth a combined £1.7b, and they made profits of around £47m between them.

Source: Stuff September 12, 2022 19:29 UTC