Prince Michael of Kent: The non-working royal has a net worth of £32 million

We all know that the British Royal Family is undoubtedly rich! From stepping out to royal engagements in expensive clothes to wearing jewel-studded crowns at Royal ceremonies, the wealth is noticeable. Additionally, their day-to-day jewellery and properties also add to their worth. The Royals are multi-millionaires!

For instance, Prince Harry and Meghan Markle, despite no longer being senior royals, have a combined net worth of £48 million. But they aren’t the only non-working Royals who have a great net worth. It has been recently reported that another non-working Royal is worth more than the Princess of Wales, Princess Anne, and Prince Edward combined.

Prince Michael of Kent worth more than senior royals

According to The Mirror, Prince Michael of Kent - who is rarely seen in public - has an estimated net worth of £32 million despite remaining relatively under the radar in the UK. Prince Michael is 52nd in line to the throne and is a non-working royal, yet, his net worth is more than Kate Middleton, Princess Anne and Prince Edward combined. All these Royals are respectively worth around £8 million.

His staggering net worth comes as he pursued a business career after serving a long period in the military, reports Yahoo Finance. His professional life was largely uncontroversial until 2021. That year, he was criticised for alleged close ties to the Russian government. In 2002, the Prince also came under fire when it emerged he was paying a tiny rent to live in a Kensington Palace apartment. He and his wife eventually agreed to pay the market rate as the rent.

Although Prince Michael of Kent is not a working Royal, he still is involved in around 100 charities and organisations - much like other members of the Firm. Prince Michael also undertakes around 200 public working engagements for the charity sector, funded by his own household. His charitable deeds range from his interest in transport to his passion for Russia. He once led a rally of Bentleys from Brooklands Museum in the UK to Moscow and raised more than £25K for the Children's Fire and Burns Trust.

Who is Prince Michael of Kent?

Prince Michael of Kent is the first cousin of Queen Elizabeth II. Born on July 4, 1942, to Prince George the Duke of Kent, and Princess Marina of Greece and Denmark. At the time of birth, he was seventh in line to the throne but has since then fallen much further down the order of succession, confirms Town & Country Magazine.

Apart from being a member of the British Royal Family, Prince Michael is also distantly related to the Romanovs - the last imperial family of Russia. His grandmother was the first cousin to Nicholas II, making Michael a first cousin twice removed from the last Russian Tsar.

Read More:

⋙ Royal author reveals Princess Diana didn't believe Camilla was the reason for her divorce with King Charles

⋙ Duke of Kent steps down as Colonel of the Scots Guards, gives major role to Prince Edward

⋙ Prince Harry: Bestselling author estimates the royal made over $20 million with his book Spare

Sources:

Mirror: Rarely seen royal who is worth more than Kate Middleton, Anne, and Edward combined

Yahoo Finance: Royal rich list: what 30 members of 'The Firm' are worth today

Town & Country Magazine: Who Is Queen Elizabeth's Cousin, Prince Michael of Kent?