Life is pretty sweet for the royal family!
On Tuesday, Clarence House released a financial review of Prince Charles and Duchess Camilla's expenses from the last year to the public — and the report reveals Charles, 66, gifts millions of dollars to Prince William, Kate Middleton and Prince Harry on an annual basis!
Prince Charles and Camilla in December 2013. (Photo Credit: Getty Images)
According to the documents, Kate, 33, William, also 33, and Harry, 30, collectively receive around $4.6 million per year to cover the costs of their "official activities," which includes travel and wardrobe budgets for royal outings.
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Though much of their travel expenses are covered by the countries the trio visit, some of the $4.6 million "palace allowance" was allocated to William's recent week-long trip to Asia ($109,000) and the Duke and Duchess of Cambridge's NYC visit last December ($26,600).
Kate, William and Harry in August 2014. (Photo Credit: Getty Images)
The money does not cover, however, the renovation costs of William and Kate's country home, Anmer Hall — which was given to the couple by Queen Elizabeth, 89 — so the family must pay for all renovations and upkeep privately.
The majority of the royal funding comes from the Duchy of Cornwall, an estate given to the heir to the throne (aka Prince Charles) to fund official and private livelihoods. Additionally, $2.7 million of the allowance comes from the family's Sovereign Grant and $784,486 is garnered from government departments and British taxpayers.
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