I know most of the palaces and lands aren’t really theirs and the crown jewels don’t belong to them either.
I could be wrong, but such a relatively low figure for a family that has been ruling a kingdom for 80 years or more almost makes it seem that their finances aren’t well managed at all.
I think a typical family, after 80 years, could do better than that.
Oh, agreed, I would have thought the accumulation would have been far greater, for sure. We are talking old old old money here. But who knows unless one is actual part of the immediate family (talking children - sons and daughters, not nephews, etc.)? Dunno.
They just get the income from this RE to the extent it is income-producing.
Those assets which aren’t technically theirs are still exclusively used by the royal family for life and are passed on to the next monarch and family so in practical terms they are. Not much will happen at or to Buckingham Palace without the approval of King Chuck.