Media: British royal family is preparing to “tighten their belts”

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Media: The British Royal Family is preparing for

Reuters

Victoria Jones/PA Wire/Pool via REUTERS

The British Queen, Elizabeth II

The British royal family is preparing to “tighten their belts” after losing tens of millions of dollars due to the Corona pandemic.

The American magazine “Forbes” stated that the main source of funding for Queen Elizabeth II and other members of the royal family is the “sovereign grant”, which is a stable percentage of the profits of the “Royal Crown Real Estate” group, the company that manages the family’s properties.

It is expected that the company’s net profit will decrease this year by about $ 45 million due to the Corona pandemic, and one of the reasons for this is the decrease in the number of visitors to royal properties, including Windsor Castle.

However, Michael Stevens, the Queen’s chief financial officer, assured that the royal family would not ask for additional funding despite the shrinking income.

Source: Linta. Ru



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