The British royal family exists as an entity on its own away from the official British government. The royal family business structure is known as “The Firm” or Monarchy LLC. It’s an entity that’s mainly managed by the most senior members of the royal family.
Generally, the British royal family has existed for over 1000 years. In Britain, the royal house is the number of British families and this also applies to their net worths. In this article, we look into some of the luxurious lifestyles of the family, and the things that characterize this lifestyle.
The Luxury Homes Of The British Royal Family
One of the things that describe the luxury lifestyle of the royal family is the prestigious buildings they all live in. Below are some of the most prestigious buildings of the royal family. They include;
- Buckingham Palace
Buckingham Palace is the most known home of the royal family. It has remained the official residence of the British monarchs since 1837. Designed in a neoclassical style, the palace occupied 775 rooms, including 188 staff bedrooms, 92 offices, 78 bathrooms, 52 royal and guest bedrooms, and 19 staterooms.
It also acts as the queen’s working residence during the week when she’s based in London.
- Kensington Palace
Kensington Palace is the birthplace and childhood home of Queen Victoria, it has 547 rooms and it’s the London home and office to a number of royals, including the Duke and Duchess of Cambridge.
Starting in the middle of 2017, apartment 1A in this palace became the main residence for Prince William and Catherine Middleton’s family. It was also the former home of Princess Diana as well as Prince Harry and Meghan Markle.
- Balmoral Castle
This castle is located in Aberdeenshire, Scotland and it serves as the queen’s summer home and sits on 50,000 acres with 150 buildings. It was originally purchased by Queen Victoria and Prince Albert in 1852. To date, it has remained one of the royal family’s favourite vacation spots.
- St. James’ Palace
This palace located in London was the former residence of the monarchs of England until the reign of Queen Victoria. It’s an important palace to the royals as it’s where the Garter King of Arms formally announces the accession of the new king or queen from the palace’s Proclamation Gallery after the death of a monarch.
This is also the London residence of Princess Anne, Princess Beatrice, and Princess Alexandra.
The Luxury Cars Of The British Royal Family
Apart from luxury homes and outfits, another thing about the royal family of 2022 is that they are keen car enthusiasts. Even though their car collections are not as expansive, they still reserve their fair share of impressive automobiles. Below are some of them;
- Bentley State Limousine
This Bentley was custom built by the company to celebrate the Queen’s Golden Jubilee in 2002. It was a two-state limousine that Bentley gifted to the Queen and it’s the only two state limousine in the world. The estimated worth of both cars is £10 million each.
- Rolls-Royce Silver Wraith II LWB
Queen Elizabeth’s sister, Princess Margaret also has a penchant for Rolls-Royce. One of her long-serving cars was this Silver Wraith II, which she picked up in 1980 and used as her primary car for years.
The car has a lowered back seat for added privacy and a police light mounted on top for when she wanted the right of way on the road. Princess Margaret also lent the car to other notable figures like Queen Elizabeth and Ronald and Nancy Reagan.
- Rolls-Royce Phantom
Over 10 centuries, the royal family has always had a Rolls-Royce present in their home. Many of these older versions of Rolls-Royce are still in their possession today.
They’re the queen’s favourite for special occasions and she’s made public appearances with them at every Royal wedding for decades.
Occasionally, the royal family sells one of the Phantom but it’s only to a private buyer. One of these was in 2014 when a Phantom IV was put up for auction.
- Audi RS6
Contrast to the model of cars you’ll find amongst the royal family, Prince Harry has a more modern car version, the Audi RS6. He owned and drove it for about a year. Still, it’s not the only Audi the Royal family has owned. Prince Charles at one point owned an A8 and William and Kate owned an A5 Sportback and A3 respectively.
For Prince Harry’s RS6, it was customized with RS Sport suspension, privacy glasses, and a Dynamic Pack that increased the top speed of the car to 174 mph.
After a year of owning it, it was put on sale by a specialist auto dealer for a low sum that was surprising to all, £71,900.
- Lagonda 3.0 Litre
The Lagonda 3.0 litre was a car of interest for Prince Philip in 1954. It was equipped with a radiotelephone which the Prince liked to use to make prank calls to other members of the royal family.
It was also fitted with a large vanity mirror so the Queen could check her appearance before meeting her subjects. The car once made an appearance at the 1956 Melbourne Olympic Games.
- Range Rover Hybrid LWB
The Queen owns a roofless LWB Range Rover that she acquired in 2015. It’s a custom landaulet built via Land Rover’s Special Vehicle Operations division.
The rear seats of the car were removed to allow space for the Queen and her family to stand and wave. There’s also a retractable roof that covers the length of the Range Rover for when she has finished her duties. It’s also painted in the same shade of claret as other of your Queen’s state cars.
- Land Rover Defender
The Queen owns a Land Rover Defender which she marks as one of her favourite cars. It’s been estimated that she owns over 30 of these cars. She usually chooses a similar spec for each purchase with an Aintree Green exterior with the most luxurious interior that Land Rover has to offer.
In her old age, the Queen has been caught on camera severally while driving her Defenders around her private Scottish estate. She goes on shooting parties with them and one of the ex-Royal Defenders that was displayed for public auction still had shotgun cartridges left in the glove box.
Net Worth Of The Royal Family
There are several avenues through which the royal family generate their wealth. These avenues include the sovereign grant, media and tourism influencing, and real estate.
The British monarch is an entity worth over $28 billion. The royal family is paid through a mix of public and private findings referred to as “grants.” In 2012-2013, the annual sovereign grant was £31 million, 2013-2014, £36.1 million, 2014-2015, £37.9 million.
The family makes a lot of money using their global influential positions which they also put into their private pocket. Aside from their homes, the family owns the most extensive real estate business dating back to 1265. It comprises residential and Agric farms that pull in millions of pounds in income yearly.
Generally, the Queen’s estimated net worth is valued at $28 billion.
Despite the royal family losing about £18 million in tourism due to the Coronavirus lockdown, it’s still by far the richest entity in the United Kingdom and this supports their luxury lifestyles.