When it comes to wealth, the royal family has more than enough. They use their money to hold expensive parties, buy the latest cars in the market, and support different charitable organizations. All that is in line with their stature in society and how the entire world looks at them. One of the most stylish members of the royal family is Kate Middleton. Kate always impresses people wherever she goes because of her lovely outfits and expensive jewelry.
Some of their spectacular belongings
When attending different occasions, Kate carries different elegant handbags, one of which is the unique Mulberry Darley shoulder bag. The shoulder bag is costly, and only a few people can afford it in the world. However, she also owns other affordable handbags with different values depending on the material and type of each of them. Besides the bags, Kate also owns elegant bracelets and watches, some of which are gifts from her husband, Prince Harry.
There is so much we can say about Kate Middleton when it comes to clothes, jewelry, and handbags. But, what she spends is less compared to what Prince Phillip spends on different luxurious cars. Prince Philip takes after his father, and he buys all the luxury cars that excite him regardless of the price. Other Than Buying Expensive Items, The Royal Family Spend Their Money in The Following Ways
The royal family receives a certain amount of money from the government every year. They use some of it to renovate their royal palace, the homes of royal descendants, and a fraction of it on trips out of what they get.
When subdividing renovation money, the royal family set aside a more significant fraction of it to renovate Prince Harry and Meghan Markle’s cottage residence. That’s because the home is big and it lies on a big piece of land. So, the residence requires a lot of money to cater to all the renovations needed.
The royal family also spends a lot of their money on charitable work. When deciding on the charitable organization to give their money to, the entire family makes a collective decision on the most deserving, and they allocate money considering their specific needs. However, individual family members also give their donations to the organizations of their choice. That is after they realize the organizations are not in the initial plan.
Apart from the charity, the royal family also sets aside some money for royal education. In the past, the royal family hired teachers who taught royal children at home. However, this has changed, and the royal children attend the country’s most prestigious private schools. So, they have to set aside enough money for school fees considering the high school fees the prestigious school charges.
The royal family also upholds family traditions. And, as Christmas approaches, they have to set aside money for the celebrations. That will be for Christmas trees, gifts, and other items that will make the day exciting. However, this Christmas will be different because of the Covid-19 pandemic. So, it might be a humble one compared to the previous years.