Where does Princess Charlotte gets her money?
Princess Charlotte has been dubbed the richest kid
Princess Charlotte, the daughter of Prince William and Kate Middleton reportedly has the highest net worth of any child in the world.
According to the British media, Princess Charlotte is richer than both her brothers , with the young royal having an estimated net worth of £3.9 billion.
The reports about the young royal’s fortunes has raised questions about the source of income of the royals which is kept private.
The impression that Kate Middleton charges designers for wearing their clothes is wrong and any suggestions that her daughter Charlotte will do so are also misleading because Royals are not supposed to accept free clothing from designers, even if they are high-profile.
The Princess of Wales does not charge designers for wearing their clothes; in fact, she pays for her own clothing and does not accept free clothes from designers, following royal protocol where royals are expected to purchase their own attire.
She buys her own clothes from her personal funds, just like any other citizen.
By wearing their designs, Kate inadvertently gives significant publicity to the brands, which is considered a benefit for the designers.
Sometimes, designers might loan her outfits for major events, but she would still pay for any items she chooses to keep.
The British Royal Family’s main source of income is the Sovereign Grant, which is an annual payment from the UK government.
This taxpayer-funded grant covers the costs of the Royal Family’s official duties, including: Property maintenance, Official travel, Operating costs of the Sovereign’s household, Staffing, State visits, Public engagements and Official entertainment.
Other sources of income include The Duchies of Lancaster and Cornwall, Private investments and trusts and a parliamentary annuity.
The British Royal Family has accumulated many properties, jewels, art, and other possessions over centuries of rule.
The wealth of the monarchy is wrapped up in a vast property collection, as well as collections of artworks, stamps, jewels, and much more.
