While Minyanville decided against sending one of our staff
members to report live from outside the Lindo Wing of St. Mary's
Hospital in London this week, we did put together a list of
astounding monetary facts related to the birth of Baby Cambridge,
now officially Prince George Alexander Louis, or His Royal Highness
Prince George of Cambridge. Here's what we've learned.
Expected total financial boost to the UK economy: $380
, $134 million will be spent on royal baby celebrations (most of
the funds will go toward alcohol), $123 million will be spent on
souvenirs and commemorative items, and $117 million will be spent
on royal baby-related books, newspapers, and DVDs.
Retail cost of a solid sterling silver penny minted to
commemorate the royal birth: $42.99
The British government will be
2,013 coins to babies born on the same day as the future king.
According to English folklore, crossing a baby's palm with silver
bequeaths lifelong luck and prosperity to the baby. Investors might
find silver's inherent luckiness questionable, though, especially
when prices of the precious metal have been scraping bottom lately.
Estimated amount placed on royal baby bets worldwide: $1.8
million, as reported by
People have bet on everything from the baby's hair color to his
future career. Most bettors were attempting to cash in on the
baby's recently announced name. But Prince George Alexander Louis's
name could lead to a few broken fingers. That is, with two of the
baby prince's names, George and Alexander, each having some of most
favorable odds at 3:1 and 11:1, respectively, there's sure to be
some disagreement over the outcome among bettors and bookies. The
worst off are those who were convinced of Will and Kate's undying
fan-love for Kanye West and Kim Kardashian and risked the long shot
odds of 5001:1 on the name North.
Cost of a high-end Moses baby basket: $450
Sales of this woven, portable style of bassinet have been soaring
since the Duchess of Cambridge bought one back in May. Thanks to
the Kate Effect -- which caused a dress worn by the Duchess to sell
out in stores only hours later -- the baby industry can be expected
to experience a boost,
said the BBC
. Even in times of economic hardship, 26% of UK parents are
spending $5,000 on a baby before he or she is six months old.
Globally, the baby products industry has been one of the most
successful in the retail landscape in recent years,
to a market research report from IBISWorld, with an average yearly
growth rate of 14.5% from 2008 through 2012 (and 11.3% growth in
2013 so far). Will the next royal purchase be a boon for baby
Kimberly Clark Corp
Fee for hospital delivery and stay: $15,000
For that price, on top of the healthy delivery of her baby boy,
Kate received a room outfitted with satellite TV and WiFi, freshly
prepared meals, and a "
comprehensive wine list
" (presumably for Prince William). Compare that price to the
average cost of birth in the US: $30,000 for a vaginal delivery and
$50,000 for a C-section, without any hotel-style perks in the room.
Royal baby's estimated inheritance: $1 billion
to Wealth-X, a company that researches ultra-high-net-worth
individuals, Queen Elizabeth II's estimated worth is $660 million.
Prince Charles's worth is estimated at $370 million. Combine this
with William's estimated net worth of $20 million and Kate's
estimated net worth of $1 million, and the royal baby is flush.