prince Andrew: Celebs Rumors

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King Charles begins drastically slimming down royal family, slashes $25M with cost-saving plan

Sovereign Grant reveals.Last year, the Firm’s spending hit an all-time high at an eye-watering $138 million.But after tightening the purse strings — and making some major staffing changes at various royal residences — the royal family’s overall spending fell by 17% to $115 million.And despite the difficult start to the year the family has had with Charles and Kate Middleton’s respective cancer diagnoses, the royals have managed to complete 2,300 engagements across the UK and overseas.The Sovereign Grant accounts — published Wednesday — shows that the royals paid $1 million for Charles’ coronation celebrations last year.The grant pays for the salaries of staff, upkeep of palaces and official royal duties.The royals also experienced the result of the energy crisis that affected the entire country in 2023, as Buckingham Palace’s electricity bill soared by a whopping $1.3 million.Charles, whose personal wealth is $770 million per the 2024 Sunday Times Rich List, has made his desire for a slimmed-down monarchy known ever since assuming the throne in Sept.
nypost.com

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