The Royal Wedding between Prince Harry and Meghan Markle took place in Windsor, England on last Saturday. The wedding took a whooping amount of about $42.8 million!
As the popular saying goes, ‘Safety First’, the majority of that money wasn’t spent paying for ornate flowers, refreshments or entertainment; It went towards keeping the couple, their family relations, guests and the hundred thousands of onlookers safe.
According to UK wedding site Bridebook, the cost of security, including snipers, undercover police and a counter-UAV system, was about $40.1 million; that is a mouth opening 94 percent of the total wedding budget.
However, three separate entities were responsible for covering the bill:
1. The Government
The largest expense at the royal wedding was the security. The government took care of the security and policing with tax money.
Based on a YouGov survey, 57% of British adults think that the royal family should pay for policing and security for the big day in addition to the wedding. Just 1% of respondents think the government should pay for the entire event.
2. The Royal Family
Much of the wedding — including the music, food, flowers, and invitations — was taken care of by the royal family.
3. The Markles Family
When Kate Middleton had her royal wedding in 2011, her family reportedly paid for the bride’s $434,000 wedding dress; it was same for the Markles for the $550,000 wedding dress. The actress has an estimated net worth of $5 million from her roles on TV and endorsement deals.
While the royal wedding certainly cost a lot for the government, the royal family, and Markle, the event as predicted by Brand Finance was to bring in about $1.43 billion into the UK economy through tourism, PR value, retail, fashion, and merchandise.
Congratulations to Meghan&Harry!