British royals' taxpayer funding rises to £137.9m as bill seeks cut
The British Royal Family receives £137.9 million through the Sovereign Grant in 2026/27, but a new bill proposes reducing the funding to £99.9 million the following year. Meanwhile, reports reveal Prince William’s £1.2 billion Duchy of Cornwall valuation and King Charles’ estimated £640 million fortune, raising questions about royal wealth, income and taxes.
The British Royal Family relies on taxpayer funding to support its official duties, which is known as the Sovereign Grant. This funding reached £137.9 million for the 2026/27 fiscal year. However, the government has proposed reducing this amount to £99.9 million in 2027/28, following the completion of Buckingham Palace's refurbishment.
King Charles III, the current monarch, has an estimated personal fortune of £640 million, while Prince William's financial position is bolstered by the £1.2 billion valuation of the Duchy of Cornwall, with an income of £21.6 million in 2025-26.
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