PRINCE George’s birth in 2013 did not only bring happiness to parents Kate Middleton and Prince William, but also a huge influx of money into the UK.
Prince William and Kate Middleton, the Duke and Duchess of Cambridge, welcomed their first baby together in 2013, Prince George. Prince George – who later became the older brother to Princess Charlotte and Prince Louis – was born in July at the Lindo Wing of St Mary’s Hospital in London. The Royal Family including Prince Charles, Camilla the Duchess of Cornwall, Prince Philip, the Queen and of course the parents were delighted to welcome a new heir to the throne.
Along with happiness for the family, the birth of Prince George also brought something else to the UK – money.
Celebration of the birth of the heir boosted the UK economy by an estimated £240million, according to 2013 Netflix documentary “The Royals”.
In the documentary, royal correspondent and journalist Camilla Tominey explained: “It [the birth of Prince George] can only be a good thing at a time when we’ve been suffering austerity measures, we’ve been in recession and not seen much growth over the last five years.”
She went on to explain: “We only have to look at the scenes outside Buckingham Palace on the night of George’s birth to see that there is a huge interest in it.
She revealed how people “do buy into that whole royal thing”, something she explains as the “magical essence of royalty” that people are willing to pay for.
Now five-years-old, George is reported to be worth around £1.7million, while his sister Princess Charlotte is said to be worth £3million.
Before Kate gave birth to Prince Louis in 2018, it was estimated the new royal baby would generate around £80million for the British economy.
It’s expected Prince Harry and Meghan Markle’s royal baby will also benefit the British economy when the Duke and Duchess of Sussex welcome their first baby in Spring 2019.
Source: EXPRESS CO UK