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☆ Prince Andrew is trying to stage a comeback amid Kate Middleton's absence, royal commentator says
▼ + stars: | 2024-04-04 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Prince Andrew is making public appearances with the royal family after stepping down in 2019. AdvertisementAs Kate Middleton stepped out of the public eye for cancer treatment, Prince Andrew was seemingly making his way back in. Andrew, 64, has attended several high-profile events with the royal family in recent months. Princess Beatrice and Prince Andrew. Prince Andrew and Sarah Ferguson are photographed with members of the royal family before the Thanksgiving Service for King Constantine.

Persons: Prince Andrew, Andrew —, —, Kate Middleton, King Constantine, King Charles, Camilla, Kristen Meinzer, Andrew, Duke, York, Jeffrey Epstein, Andrew wasn't, Princess Beatrice's, Princess Beatrice, Max Mumby, patronages, Sarah Ferguson, Princess Anne, Duchess, Edinburgh, Sir Tim Laurence, Prince William, King, Sarah, Beatrice, Anne, Mike Tindall, Charles, Kate, William, Prince Harry, Meghan Markle, Andrew Matthews, Harry, Meinzer, Evan Nierman, Nierman, Marlene Koenig, Richard Fitzwilliams, That's, Koenig, Grant, Buckingham Organizations: Service, Business, Netflix, Sunday, Anadolu, Getty, Brand Finance Locations: Andrew, George's, Windsor Castle, Zara

☆ The royals' old creed of 'never complain, never explain' is a relic of a bygone era
▼ + stars: | 2024-03-18 | by ( Cheryl Teh | Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

The royal family's PR strategy is in need of an update, experts say. The stoicism of the royal family's unofficial motto, "never complain, never explain," was a hallmark of Queen Elizabeth II's reign. Kate Middleton, Prince William, Prince Harry, and Meghan Markle at Windsor Castle. But it's just a motto," Prince Harry told Anderson Cooper during a January 2023 episode of "60 Minutes." Prince William, Prince of Wales and Catherine, Princess of Wales in February 28, 2023.

Persons: —, Prince Harry, Meghan, Oprah, excoriating, Buckingham, Queen Elizabeth II's, Kate Middleton, Prince William, Meghan Markle, Chris Jackson, King Charles, Princess Diana, Kate, Sovereign Grant, Prince William —, Duke of, Anderson Cooper, Prince William , Prince of Wales, Catherine , Princess of Wales, Max Mumby, William's, William, Evan Nierman, Nierman, Elizabeth II, Benjamin Disraeli, Marie Claire, Kristen Meinzer, Stringer, Elizabeth, Meinzer, Queen Elizabeth, Charles, Diana's, Graham Smith, Danny Lawson, Smith Organizations: PR, Service, Getty, Sovereign, Daily, British, Hulton Locations: Windsor, Duchy, Lancaster, Duke of Cornwall, Cornwall, Kensington, Republic, Buckingham

☆ The final scenes of 'The Crown' uncannily predicted the current state of Britain's royal family
▼ + stars: | 2024-03-15 | by ( Mikhaila Friel | Eve Crosbie | ) www.businessinsider.com time to read: +7 min

One scene showed a conversation between the Queen and Prince Philip about the next generation of royals. The royal family suffered several setbacks after King Charles took the throne in September 2022. AdvertisementThe final moments of Netflix's "The Crown" seemingly predicted the state of the royal family in the aftermath of Queen Elizabeth's death. The royal family is in chaosIn January 2023, Prince Harry's bombshell memoir, "Spare," was published, revealing previously unreleased details about his fallout with the royal family. The most recent Sovereign Grant report showed that the royal family cost British taxpayers £86.3 million, or about $110.5 million, during the 2022-23 financial year.

Persons: Queen, Prince Philip, King Charles, —, Queen Elizabeth's, Queen Elizabeth II, Imelda Staunton, Olivia Colman, Claire Foy, Prince Phillip, it's, Philip, We'll, chides Philip, Samir Hussein, Prince Harry's, William, Harry, Meghan Markle, Camilla, Meghan, Buckingham, Graham Smith, King Charles ', King Charles and Prince William, Chris Jackson, Smith, hadn't, Grant, Kate Middleton Duchess, Cambridge, Germany Chris Jackson, Kate Middleton, Charles, Kate, Wales, Evan Nierman, Instagram, Phil Chetwynd Organizations: Service, Netflix, Windsor Castle, Getty, Getty Images, REUTERS, Metropolitan Police, Sky, BI, British, PR, BBC, AFP Locations: British, George's, Windsor, Buckingham, Poland, Germany, Berlin, Kensington

☆ Kate Middleton described herself as an amateur photographer, but she's been honing her skills for decades
▼ + stars: | 2024-03-12 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +8 min

Kate's claim that she is an amateur photographer is questionable, an expert said. CHRIS JACKSON/Getty ImagesHer description of herself as an amateur photographer could very well be down to the British trait of modesty, but people aren't convinced. The palace typically uses Kate's photos instead of hiring a royal photographer to mark major occasions and milestones, such as birthdays. Speaking to BI in 2020, royal photographer Samir Hussein said Kate takes photos that "any professional would be very happy with." Kate's statement comes during a crisis period after King Charles announced his cancer diagnosis in January.

Persons: Kate Middleton, Kate's, —, Princess, Kate, She's, CHRIS JACKSON, aren't, Kristen Meinzer, Prince William, Prince George , Princess Charlotte, Prince Louis, Meinzer, William, doesn't, George, Charlotte, Louis, Andrew Matthews, Claudia Acott Williams, William ., Count Nikolai von Bismarck, Prince Harry . Prince William, Chris Jackson, Queen Camilla, Samir Hussein, Hussein, Jack Royston, Royston, King Charles, King Charles III, Tim Rooke, Shutterstock, Harry, Meghan, Prince Harry's, Sovereign Grant Organizations: Service, Associated Press, Reuters, Agence France, Presse, Kensington Palace, Palaces, Daily Express, Giants, St . Andrews University, Daily Mail, Royal Photographic Society, Royal, BI, Sovereign Locations: Wales, Kensington, Charlotte, St

☆ Kensington Palace's reputation is in tatters. This is what it should do to save it.
▼ + stars: | 2024-03-11 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewKensington Palace is floundering — but there are two key ways its reputation can be mended, according to royal commentators and PR experts. Kate Middleton has been absent from the public eye since January, when the palace said she underwent abdominal surgery. In a rare personal message posted to Kensington Palace's X account on Monday, Kate said: "Like many amateur photographers, I do occasionally experiment with editing." Kensington Palace's reputation matters more than ever, especially as the monarchy's value has come into question after Queen Elizabeth II's death.

Persons: —, Kate Middleton, Kate, Prince William, Karwai Tang, Wales, Evan Nierman, Banyan, Queen Elizabeth II's, Sovereign Grant, William's, William, Queen Camilla, Jack Royston, Samir Hussein, Chris, Tenile Clarke, Clarke Organizations: Service, Business, Kensington Palace, Sovereign, Brand Finance, Commonwealth, ITV, Ship, Chambers Media Solutions Locations: Kensington, Republic, Wales

☆ King Charles III to receive bumper pay rise after a shake-up of the British royal family’s finances
▼ + stars: | 2023-07-21 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

LONDON — The amount of money given to the British royal family by the U.K. government is projected to "increase significantly" in the coming years, according to the latest review of the annual Sovereign Grant. Despite the percentage cut, an unexpected surge in profits means the royal family is poised to receive more money than in previous years. The portfolio is worth a total of £16 billion ($20.5 billion), according to the crown estate, and generated "substantial additional income" from the offshore wind facilities owned by the royal family. The sovereign grant, which is based on profits generated two years before the financial year in question, was worth £86.3 million this year — unchanged from the year before. At the new 12% formula, this means the monarchy could receive £124.8 million in 2025 to 2026 and £126 million the following year.

Persons: Sovereign Grant Organizations: Sovereign, Treasury

☆ British royal family's public cash formula changed amid surging windfarm profits
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

Andrew Milligan/Pool via REUTERSLONDON, July 20 (Reuters) - The British government said on Thursday it would cut the proportion of funds going to the royal family from the Crown Estate next year, after King Charles said he wanted bumper windfarm profits to go to the "wider public good". The Sovereign Grant, which last year was worth 86.3 million pounds ($111 million), is typically based on 15% of Crown Estate profits but has been temporarily increased to 25% to pay for extensive refurbishment work at Buckingham Palace. However, new deals for offshore wind farms struck in January are expected to see Crown Estate profits surge by 900 million pound a year, and Charles had indicated he wanted this extra money to go the wider good. On Thursday, the Treasury said the Sovereign Grant next year would be cut to 12% of Crown Estates' profits, meaning it will remain at 86.3 million pounds but will be 24 million pounds less than if the rate had not changed. ($1 = 0.7747 pounds)Reporting by Sarah Young and Michael Holden; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

Persons: King Charles, Andrew Milligan, Grant, Sovereign Grant, Charles, Jeremy Hunt, Sarah Young, Michael Holden, Kate Holton Organizations: Scottish Borders, REUTERS LONDON, Treasury, Sovereign, Estates, Thomson Locations: Selkirk, Scottish, Scotland, Britain, Holyrood, Buckingham

☆ Britain’s royal finances boosted by record wind profits
▼ + stars: | 2023-06-28 | by ( Susanna Twidale | ) www.reuters.com time to read: +2 min

LONDON, June 29 (Reuters) - Britain’s Crown Estate, which manages King Charles' public property, posted a record profit last year boosted by income from offshore wind leases. The Crown Estate, which comprises tracts of land and most of Britain’s sea bed, is an independently-run, commercial business, whose profits go to the Treasury. Crown Estate said option fees across all six projects were approximately 1 billion pounds per year, payable to the Crown Estate for a minimum of 3 years and up to ten years. Dan Labbad chief executive of the Crown Estate said he was unable to give more detail on how the profits would be spent. It is typically based on 15% of the profits of the Crown Estate but has been temporarily increased to 25% to pay for extensive refurbishment at Buckingham Palace.

Persons: King Charles, Germany's RWE, Dan Labbad, Grant, Sovereign Grant, Susanna Twidale, Barbara Lewis Organizations: Treasury, Crown, Sovereign, Thomson Locations: Buckingham

☆ Inflation hits royal finances as King Charles turns down heating to save emissions
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

LONDON, June 29 (Reuters) - Soaring inflation has hit the finances of the British royals, pushing up expenditure, Buckingham Palace said on Thursday, as it revealed King Charles had ordered the heating in royal homes to be turned down to cut emissions. The report said 1.6 million pounds ($2 million) had been spent by the royals on the queen's funeral and related events. The British government said in May it had cost an estimated 162 million pounds overall, which includes the cost of policing and security. He said gas and heating emissions had fallen 19%, partly driven by the king having the thermostats turned down, and a 43% decrease in travel emissions. "The royals have long hidden their true cost, which we have worked out to be at least 345 million pounds.

Persons: Buckingham, King Charles, Sovereign Grant, Michael Stevens, Queen Elizabeth's, Stevens, Charles, Prince William, Graham Smith, Prince Harry, Meghan, Prince Andrew's, Michael Holden, Rosalba O'Brien Organizations: Sovereign, Thomson Locations: England, Wales, Duchy, Cornwall, Windsor, Royal Lodge

☆ If Charles wants a coronation, he should pay for it himself
▼ + stars: | 2023-05-05 | by ( Opinion Ahmed Twaij | ) edition.cnn.com time to read: +6 min

If Charles III wants the pomp and ceremony of a coronation, he should instead use a negligible portion of the vast sums of money he has accrued over the years thanks to his birth-given status as a royal. Spain’s last formal coronation was all the way back in 1555, while Belgium’s monarchy doesn’t even have a crown with which to conduct a coronation. It also found that a plurality of 45% believe Charles is “out of touch” with the experiences of the public. However, these tourist dollars might well continue whether or not the royal family does. Maybe if a tighter budget is applied to the British royal family, Charles rather than taxpayers will be paying the next time he opts to board a £32,000 ($40,200) charter flight to attend a James Bond premiere.

☆ As cost of living crisis bites, some Brits are questioning spending money on glitzy coronation As cost of living crisis bites, some Brits are questioning spending money on glitzy coronation
▼ + stars: | 2023-05-02 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +18 min

The church operates the cafe alongside a food bank which offers free food, clothes, household items and other necessities to locals who are struggling. When it first opened before the pandemic, the food bank was serving mostly homeless people. Liz Coopey, left, a volunteer at the Given Freely Freely Given food bank in Doncaster, helps local resident Angela Davis with her shopping bags. The Given Freely Freely Given food bank in Doncaster offers its clients other items than just food, including household goods and clothing. Liz Coopey, one of the volunteers there, said she understands the idea of having to rely on a food bank might be scary to many.

☆ Twitter faces lawsuits over unpaid rent for U.S. HQ, U.K. office
▼ + stars: | 2023-01-24 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it’s taking the company to court over rental debt. Twitter has already been taken to court this month for falling behind on rent at another San Francisco office. The company, Sri Nine Market Square LLC, said Twitter “breached the Lease by failing to pay monthly rent and additional rent” for January amounting to $3.4 million. After using those funds, the landlord says Twitter still owes $3.16 million in unpaid rent and is seeking late fees and interest plus attorneys’ fees.

☆ King Charles to give back profit from $1 bln-a-year wind farm deal
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +3 min

[1/2] Britain's King Charles speaks during a visit at the Aboyne and Mid Deeside Community Shed in Aboyne, Scotland, Britain, January 12, 2023. REUTERS/Russell Cheyne/File PhotoLONDON, Jan 19 (Reuters) - King Charles told the British government he would like an expected surge in profit from a 900 million pound ($1.1 billion)-a-year wind farm deal for his Crown Estate to go to the "wider public good" rather than to the royal family. Under agreements announced on Thursday, the Crown Estate will lease sites for six new offshore wind projects that are capable of generating enough green electricity to power more than seven million homes by 2030. It is based on 15% of surplus revenue from the Crown Estate - a property portfolio belonging to the monarchy. Sharing the wind farm windfall would happen through "an appropriate reduction" in the proportion of the Crown Estate surplus that funds the Sovereign Grant.

But whatever your feelings toward Elizabeth, it’s clear that the institution of the British monarchy is far from benevolent. Meanwhile, the exact worth of the British monarchy is very difficult to calculate. The Sunday Times' Rich List calculated the queen’s personal net worth as 370 million pounds (more than $420 million), while the author and royal expert David McClure estimated it at 400 million pounds (around $460 million). In 2021-2022, the royal household’s financial report calculated this as 86.3 million pounds ($98.5 million). (According to the BBC, this portfolio generates around 20 million pounds a year in profits.)

☆ The $17 billion estate that helps pay for the royal family – from Regent Street to the Windsor Estate
▼ + stars: | 2022-09-18 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The Crown Estate's income goes to the UK government, which gives the royal family an annual payment. The assets of the Crown Estate are worth about $17 billion. The Crown Estate is a collection of property and other holdings belonging to, but not managed by, the monarch. While the King technically owns the Crown Estate by virtue of being on the throne, he is not involved in its management. The Crown Estate's portfolio also includes parts of the shoreline and seabed, forests, farms and the Windsor Estate.

☆ Prince William just inherited a 685-year-old estate worth $1 billion
▼ + stars: | 2022-09-13 | by ( Anna Cooban | Cnn Business | ) edition.cnn.com time to read: +5 min

The line of succession makes Prince William, now the first in line to the British throne, a much wealthier man. Created in 1337 by King Edward III, the estate is worth around £1 billion ($1.2 billion), according to its accounts for the last financial year. From that, the UK Treasury paid the Queen a Sovereign Grant of £86 million ($100 million). The Sovereign Grant is usually equivalent to 15% of the estate's profits. Income from its investments cover official costs not met by the Sovereign Grant, and helps support other Royal family members.

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