How Beatrice And Eugenie Really Make Their Money

If you're wondering how Beatrice and Eugenie really make their money, know you're not the only one. Ever since Prince Harry and Meghan Markle made their unprecedented decision to step down as senior royals, many eyes have been on the prince's royal cousins, Princess Eugenie and Princess Beatrice. As Woman & Home and other publications mused, it's possible the royal sisters served as inspiration behind the duke and duchess' initial decision to have a less significant role in the royal family.

Despite this, though, the couple later appeared to throw some shade at the lesser royals. "While there is precedent for other titled members of the Royal Family to seek employment outside of the institution," Harry and Meghan's February 2020 statement explained, "for The Duke and Duchess of Sussex, a 12-month review period has been put in place."

A royal source allegedly told The Mirror that it was "pretty clear" the couple was "referencing minor royals such as Princess Beatrice and Princess Eugenie." It is true that the royal women are employed outside of the royal family, but there's more to it than that. Here's exactly how Beatrice and Eugenie really make their money. 

According to Forbes, the royal family is estimated to be worth an unfathomable amount of money: $88 billion. Beatrice and Eugenie may not get any cash from the Sovereign Grant, but that doesn't mean they haven't ever reaped the rewards that come from being members — even non-working ones — of the royal family.

Some years prior to her death, the Queen Mother (Queen Elizabeth II's mother) put the majority of her £19 million income into a trust fund for her great grandkids, according to a report by The Guardian. While Princes William and Harry benefited the most from the inheritance, the Queen Mother's other great grandchildren still received a sizable payout.

The publication revealed that, along with Princess Anne's children, Zara and Peter Phillips, and Princess Margaret's children, Viscount Linley and Lady Sarah Chatto, Beatrice and Eugenie would "receive bequests running into several millions each."

Prior to going off to university and pursuing careers, Beatrice and Eugenie were actually entitled to receive income from the Sovereign Grant, according to Express, and live rent-free. After graduating, however, they were no longer entitled to this income and no longer received the perk of free living. Per Express, the queen began charging rent on the apartment Beatrice and Eugenie shared in St James Palace when they were 24 and 22 years old, respectively. Instead of paying rent themselves, though, their father, Prince Andrew, began footing the bill.

"The details are private, but it is not a 'peppercorn rent,' and is in fact higher than that paid by the member of staff who previously occupied it," a spokesman for Buckingham Palace told Express. The publication estimated the rent to cost around £20,000 (roughly $25,500).

A 2014 update to the Duke of York's official site explained that Andrew "supports both of his daughters financially from his private income." Considering Andrew has since stepped down as senior royal and the fact that Beatrice and Eugenie have since started working full time, it's unknown if Andrew continues to support his daughters in a financial capacity.

Princess Beatrice married Edoardo "Edo" Mapelli Mozzi in July 2020. Since then, Beatrice's net worth likely went up. Way up. In September 2019, Page Six declared Mapelli Mozzi a "34-year-old multimillionaire real-estate magnate."

According to his LinkedIn page, Mapelli Mozzi owns his own property business, Banda Property. "By the time Edo was 30," his professional profile reveals, "he had developed over 400,000 [square feet] of property in London with a combined [gross development value] of nearly £700 million." That is, over $890 million.

It goes without saying that this couple could afford a pretty luxurious wedding, and, unlike past royal weddings, a palace spokesman told Express ahead of the big day that Beatrice's wedding would not be funded by the royal family or by British taxpayers. No other details were provided, so we don't know if Beatrice's parents bore the brunt of the expense or if the happy couple were the ones signing the checks. 

In October 2018, Eugenie married her longtime partner, Jack Brooksbank. And, of course, no one could help wanting to learn more about this guy. Brooksbank was obviously marrying into a very wealthy family, but there wasn't as much known about his personal wealth.

"[Jack] Brooksbank's net worth has not been disclosed publicly," Express reported in 2018. However, the publication explained that he worked as a brand ambassador for the company Casamigos tequila, which was actually founded by actor George Clooney. In 2017, Clooney sold the tequila brand for an impressive $1 billion, which means Brooksbank probably earned a decent chunk of change, too.

The publication also described Brooksbank as a "wine merchant" who started an eponymous wine company in 2016. However, it hasn't been astronomically successful. It earned low five-figures according to the Daily Star (via Express). The Daily Mail quotes Eugenie's now-husband as having said in 2013, "I want to create a chain of pubs. It has been my dream since I was 18." 

But Brooksbank may not be involved in the tequila business forever. According to the Daily Mail, he may soon become the director of Pangaea Land And Property Limited, the business his father ran before his retirement in June 2021.