A Rundown of Everything the British Royal Family Spent the Most Money On Last Year
The British royal family and their expenditure are topics often discussed by both the public and the press. People, whether they’re a fan of the monarchy or not, are curious about exactly what things royals spend their money on considering that part of this amount comes from British taxpayers. According to the financial report released by the Royal Household, the family received $104 million in funding from taxpayers in 2018.
This is where the money went.
According to Insider, the royal family spent $3.4 million for the renovation of Buckingham Palace which is a 10-year project. An additional $19.3 million is also listed as a fund kept for future phases of the project.
Much of the renovations are set to affect the palace’s east wing which would undergo replacements in its mechanical and electrical infrastructure. New elevators will also be installed in the area. The constructions led the queen and the palace staff to temporarily move out of the wing.
Another $3 million was spent to refurbish Frogmore Cottage which now serves as the home of the Duke and Duchess of Sussex Prince Harry and Meghan Markle. The 10-bedroom home used to be a staff headquarters and had to be renovated because of the poor condition of some of its units. The couple currently lives there with their newborn son, Archie.
Lastly, the royal family spent $1.7 million for Kensington Palace where other members of the clan, like Prince William and Kate Middleton’s family, live. Renovations at the palace include the resurfacing of the driveway and electrical and mechanical work in a cottage found on the grounds.
Another large expense that the royal family spends on is the salaries of the people they employ. In 2018, $29.5 million on paying the staff working at the five departments of the Royal Household. They are mainly based at St. James’s Palace and Buckingham Palace.
The five main departments of the household include the Private Secretary’s Office, Privy Purse and Treasurer’s Office, the Royal Collection Trust, the Lord Chamberlain’s Office and the Master of the Household’s Department.
Meanwhile, the royal family also spends money on their official engagements. According to Insider, they on 3,200 official engagements last year. For overseas affairs, the royal family reportedly spent $1.2 million in 2018.
This includes the expenses incurred by Prince Harry and Markle during their royal tour of Fiji and Tonga which cost $103,000. Another $532,000 was spent for the Duke and Duchess of Cornwall Prince Charles and Camilla Parker Bowles’ 12-day Caribbean tour where they participated in various activities like taking a cocktail masterclass.
There’s also Prince William’s three-week secret work stint at MI5 and MI6. The prince worked with counter-terrorism teams from territories occupied by Israel, Palestine and Jordan. A total of $94,100 of taxpayer money was spent on the project.
More in Rich & Famous
Here’s Everything You Need To Know About Serena Williams’ Internet Entrepreneur Husband Alexis Ohanian
Fans of the tennis superstar have surely seen her husband cheering from the sidelines during tennis matches. And sometimes, he would...July 29, 2019
Rihanna Is Now America’s Richest Female Musician–Here’s Why She Has No Plans to Stop Working Despite Having Millions
While Rihanna seems to have taken a break from making music, her last album being released last 2016, the Barbadian born...July 16, 2019
This is How Former Victoria’s Secret Angel Heidi Klum Ended Up With A $2 Million Insurance For Her Legs
It’s no secret that celebrities and models make their money using their good looks. So, it seems only logical that they...July 14, 2019
Here are Some Totally Steal-Worthy Career Tips British Billionaire Richard Branson Has For Elon Musk
Elon Musk is one of the most divisive figures in the world of business and technology. On the one hand, the...July 13, 2019
Fashion Victory? The Real Truth Behind Kim Kardashian’s $2.7 Million Lawsuit Win
The Kardashians’ sphere of influence has always included fashion and style. While not everyone appreciates the reality stars’ particular styles, the...July 13, 2019
This is the Real Reason Why Billionaire Kylie Jenner Started Her Cosmetics Company–and It’s Not Because of Money
This year, 21-year-old Kylie Jenner was hailed by Forbes as youngest self-made billionaire ever. And the ‘Keeping Up With the Kardashians‘...July 13, 2019
The British Royal Family May Be Extremely Wealthy But They’re Also So Much More Thrifty Than You May Think
Royalty has long been synonymous to luxury and this relation is not unfounded. Worth an estimated $88 billion, according to CNBC,...July 12, 2019
Jay-Z and Beyonce Are the Ultimate Power Couple With a Combined Fortune That’ll Make Your Jaw Drop
If the world of popular music has a royal couple, that would probably be Jay-Z and Beyonce. Both individually and as...July 12, 2019
You Won’t Believe How Much Money ‘Roar’ Singer Katy Perry is Making as a Judge on ‘American Idol’
It’s hard to believe that ‘American Idol’ just wrapped up its 17th season last May. It seems just like yesterday when...July 11, 2019