Most people don’t know:
Sovereign Grant
In 1760, King George III cut a deal with parliament to hand over the Crown Estate — a large portfolio of land and property now worth $15 billion, which includes most of the U.K.’s seabed, Regent Street in London and Buckingham Palace – to the Treasury. As part of this deal, the Monarch is entitled to a share of the profits of the Crown Estate. The Queen now receives the Sovereign Grant from the Treasury, which consists of 15% of the profits from the Crown Estate. Last financial year she received $61 million, which goes to paying for royal travel, investitures, garden parties and the upkeep of official residences like Buckingham Palace.
I never knew that’s how the agreement had been constructed. Ill bet those negotiations took a long time to conclude. Probably far longer than Brexit.