Who pays for the Queen? Well, strictly speaking, she does. Unbeknownst to many, the Sovereign Grant paid out by the Treasury every year to the royal family is derived from the income produced by the Crown Estate. The Crown Estate, the royal family’s property portfolio, was bequeathed to the Treasury by George III in 1760 in exchange for an annual stipend. Today, that stipend is worth about 15% of the income that the Crown Estate generates, which, in a way, makes the Queen the UK’s most taxed individuals since the legal title to the Crown Estate belongs to her.