Unless you don’t have access to mainstream media (in which case you won’t be reading this) then you will have noticed that the British royal family has a new member.
It is expected that this new arrival will spur a £240 million ($380 million) economic boost to the British economy.
In comparison to the rest of the British royal family this is a paltry sum. It is estimated that the total ‘market value’ of the monarchy stands at £44.5 billion ($66.8 billion), which would place ‘The Firm’ as it is sometimes referred to, at place number 52 in the S&P 500, sandwiched between Ford and eBay.
This value includes £18.1 billion of assets including estates, the Crown jewels and art collections, plus an additional £26.4 billion a year in intangible assets related to benefits to the British economy.
Crown Estate, the company responsible for managing the royal families property portfolio, reported profits of £253 million ($380 million) for fiscal 2012. The UK government pockets most of this (usually to waste on things like a study to see if ducks like rain, seriously that happened – ((ducks do like rain, if you were concerned)) but does allow a small Sovereign Grant – a percentage of the income from Crown Estates for the Queen to live off, which is set to be £37.9 million next year.