Sovereign Grant: One of the royal family’s primary income sources is the “Sovereign Grant” (£85.9 million in 2020–21), made up of profits from the massive property portfolio owned by the queen known as the Crown Estate. The Treasury Department pays a percentage of these profits to the monarchy. Duchy of Lancaster: Among her many titles, His Majesty is also the Duke of Lancaster. The title belongs solely to the Monarch, regardless of gender. The King’s income is drawn from the Duchy of Lancaster, a private estate owned by The King. The King’s allowance from the Duchy of Lancaster is nearly 20 million pounds (about 26 million U.S. dollars) each year.