Prince Charles and the Duchy of Cornwall

King Charles III's Coronation will take place this Saturday at Westminster Abbey in London. The one-day event is estimated to cost the taxpayer between £50 and £100 million. An eye-watering bill, but one that probably won't make too much of an impact on the monarchy's finances.

The finances of the British monarchy remain, in part, a mystery. Royal wills are never made public, so it’s not quite clear what wealth is passed down to the next generation. So, where does the money come from and how is it managed?

In this episode, Laura Clancy, author of ‘'Running the Family Firm: how the monarchy manages it's image and our money’ tells Conor Pope how the royals operate more like a corporation than a family unit. She also examines what the future of the ‘firm’ might hold after the death of Queen Elizabeth II.

This episode was originally published in September 2022.

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