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The King also privately owns Sandringham House in Norfolk and Balmoral Citadel in Aberdeenshire, which are his private property, inherited from Elizabeth II. The Palace of Holyroodhouse and Hillsborough Citadel serve as official royal residences when the monarch is in Scotland or Northern Ireland, respectively. Each Buckingham Palace and Windsor Castle, the monarch’s weekend house in Berkshire, are used to host state visits. The monarch also receives the earnings of the Duchy of Lancaster, and the Prince of Wales receives the earnings of the Duchy of Cornwall. Senior members of the royal family, who represent the monarch, draw their income from public funds often identified as the Sovereign Grant, an annual fee of the British government to the monarch. Given the royal family’s public position and actions, it’s typically referred to by courtiers as “The Firm”, a term that originated with George VI.
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