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' 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's pretty clear [Harry and Meghan] are 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. 

Beatrice and Eugenie don't work for the royal family

In January 2020, Prince Harry and Meghan Markle released their bombshell statement explaining their decision to "step back as 'senior' members of the royal family." In that same statement, Harry and Meghan also revealed their desire to "work to become financially independent, while continuing to fully support Her Majesty The Queen."

Now, that may sound similar to Princesses Beatrice and Eugenie's roles in the royal family, but the sisters have been never senior royalty. As of this writing, Beatrice and Eugenie sit far from the throne at ninth and tenth place, respectively. And, unlike Prince William, Kate Middleton, and other senior royals, Beatrice and Eugenie don't perform official engagements on the queen's behalf, which means they're not considered to be "working royals."

Being non-working royals also means they don't earn any income for their lesser roles in the royal family. They are not entitled to receive any money from the Sovereign Grant because that is, according to the royal family's official site, "the funding provided to support the official duties of The Queen and maintain the Occupied Royal Palaces." As such, they are each free to pursue regular jobs.

Beatrice and Eugenie inherited a considerable fortune

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."

Beatrice and Eugenie benefited financially from their parents' divorce

Beatrice and Eugenie's parents, Prince Andrew and Sarah Ferguson, finalized their divorce in 1996. Decades later, they are amicable — Beatrice even dubbed them the "best divorced couple in the world" — but the end of their marriage was difficult to endure. Ferguson told Modern Hero (via Woman & Home) that she'd hit "rock bottom" after the divorce. It didn't help, of course, that Andrew and Ferguson's separation and subsequent divorce was a huge scandal for the royal family. It also meant the queen would need to cut some checks.

As part of the couple's divorce settlement, Queen Elizabeth doled out £3 million, The Telegraph reported. Of that money, the queen put aside £1.4 million in a trust fund for Beatrice and Eugenie. Royal sources allegedly told the publication that, prior to the settlement, the children and their mother had received around £3 million over the course of 14 years, with much of it going toward Beatrice and Eugenie's schooling costs.

Beatrice and Eugenie have had a little help from their dad

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.

Beatrice is a higher-up in business

After Princess Beatrice graduated from Goldsmiths, University of London with a degree in history and history of ideas, she eventually began working "full time in business," according to the Duke of York's official site

Despite her focus on history throughout her college years, Beatrice went on to become the vice president of partnerships and strategy at the software company Afiniti. According to the company's site, she manages the brand's partnerships, growth, and client development — and all seems to be going well.

In 2017, the brand was valued at $1.6 billion. In February 2020, Afiniti announced a partnership with other brands to further expand its reach and "transform how small and medium businesses use artificial intelligence to optimize customer interactions," according to a statement by Zia Chishti, the CEO of Afiniti, given to Business Wire. Although Afiniti hasn't revealed Beatrice's salary information, PayScale lists the average salary for a vice president in software development in the United Kingdom to be £83,810 (about $107,000).

Beatrice is engaged to a property tycoon

Princess Beatrice's royal wedding to Edoardo "Edo" Mapelli Mozzi is set to take place in late May 2020. After which, Beatrice's net worth is likely to go 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 can afford a pretty luxurious wedding, and, unlike past royal weddings, a palace spokesman told Express that Beatrice's wedding will 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 will bear the brunt of the expense or if the happy couple will be the ones signing the checks. 

Eugenie works in "the art world"

Once Eugenie graduated from Newcastle University, she set her sights on forging a career. According to the Duke of York's official site, the princess "works full time in the art world." Eugenie explained her job in more detail when interviewed by Harper's Bazaar. The royal revealed that she works as an associate art director at the Hauser & Wirth art gallery in London. Prior to that, she worked as an online auction house specialist in New York.

"I've loved art since I was very little," she told the publication. Although she recognized early on that she didn't have a knack for painting, she said she knew she wanted a career in the field. "I love being able to share my passion for art with people," she continued. 

It sounds like she's definitely chosen the right career path. Not to mention, she's also excelling in it. A couple years after joining Hauser & Wirth, Eugenie was promoted to director, Express reported, and, based on data compiled by Paysa, a director at the contemporary art gallery earns an average salary of $148,160.

Eugenie is married to a "wine merchant"

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." His dream may just lead him to big bucks.

How much are Beatrice and Eugenie really worth?

Beatrice is certainly not struggling to make ends meet, but her exact net worth is unclear. Ok! magazine (via Insider) has estimated that she's worth $4.6 million, but it could actually be much, much higher. Celebrity Net Worth estimated her net worth at $10 million. After her wedding to property mogul Edoardo "Edo" Mapelli Mozzi in May 2020, it wouldn't be surprising to see those figures reach even higher. But, no matter how many millions she has, we'd say she's doing quite all right for herself.

Now, what about Eugenie? How does her wealth stack up compared to her big sister's income? Upon Eugenie's marriage to Jack Brooksbank, E! News reported an increase in her net worth to $4.7 million, shared with her husband. By Ok! magazine's estimate, that would be just $100,000 more than Beatrice. However, Celebrity Net Worth estimated Eugenie's net worth to be the exact same amount as her sister: $10 million. Being non-working royals ain't so bad for Beatrice and Eugenie.