Queen Elizabeth II, who died on Thursday at Balmoral Castle in Scotland at the age of 96, left the British monarchy in 2017 an estimated net worth of $88 billion. Where does this question go now?
The British monarchy was valued at around $88 billion in 2017, according to brand valuation consultancy firm Brand Finance. According to Forbes’ 2021 estimates, the Queen’s personal wealth is close to $500 million from investments, art, gems and real estate.
But the real wealth of the queen was never disclosed. The Guardian reported last year that the Queen lobbied the British government in the 1970s to change a draft law to hide her personal wealth from the public, claiming it would be shameful.
A Buckingham Palace spokesman told the BBC that “any claim that the sovereign has blocked the law is simply false”.
The palace is one of the properties that the Queen leaves after 70 years on the throne. According to Forbes magazine, his personal wealth from investments, real estate, gems and more has an estimated value of $500 million.
As of 2017 the entire royal family was estimated to be worth at least $88 billion.
The financing that makes up the wealth behind the crown is complex. Here’s an analysis of how much her glory was worth, where the money came from and where it could go, USA said in a report here today.
How rich was the queen? What happens to the other royals under King Charles III and his new slimmed-down monarchy? How much is the British royal family worth?
These questions are often asked not only by the people of Britain, but also perplex the minds of the world’s population, especially those of the Commonwealth countries of which she was the head. Following his establishment by the Privy Council, King Charles III is now officially the new monarch and head of the Commonwealth.
Brand Finance reported in 2017 that the value of the British monarchy has increased “every year” since tracking began in 2012. The $88 billion figure includes the Crown Estate, the Royal Collection (including the Crown Jewels) and other assets.
Who is the heir to the queen’s fortune? According to Forbes, King Charles III has inherited the majority of the Queen’s $500 million.
How did Queen Elizabeth get the money? The royal family collects fees from The Sovereign Grant Act, a taxpayer fund that is used to maintain royal palaces and royal duties such as receptions and visits.
The sovereign grant for 2022 to 2023 is just under $100 million. According to the BBC, the payment is based on profits from the Crown Estate, a property business owned by the monarch but run independently.
Starting in 2017, the Queen began receiving 25 percent of the profits of the Crown Estate for the previous two years, a deal that was earmarked over the past 10 years to help pay for the renovations to Buckingham Palace. The rest of the money goes to the government.
The Crown Estate is also part of a $28 billion empire run by “The Firm” or a group of members of the House of Windsor.
Along with the Queen, members include King Charles and his wife Queen Consort Camilla, Duchess of Cornwall; Prince William and his wife Kate, Duchess of Cambridge; The Queen’s daughter Princess Anne; And the Queen’s youngest son, Prince Edward, and his wife Sophie, Countess of Wessex, says Forbes.
The crown holds, but cannot sell, various assets including:
- Crown Estate ($19.5 billion)
- Buckingham Palace ($4.9 billion)
- Duchy of Cornwall ($1.3 billion)
- The Duchy of Lancaster ($748 million)
- Kensington Palace ($630 million)
- Crown Estate Scotland ($592 million).
The firm, or “Monarchy Plc”, pumps hundreds of millions of pounds into the economy of the United Kingdom each year through tours and other demonstrations to Commonwealth countries.
For example, the 2018 royal wedding of Prince Harry and Meghan, Duchess of Sussex, was expected to benefit the British economy by more than £1 billion, according to Brand Finance.
USA TODAY reported that the royal family does not personally benefit from the business, but Forbes reports that they do receive other financial benefits, such as free media coverage.
How much money did Rani get from the taxpayers?
According to the BBC, the sovereign grant was set at £86.3 million (about $99 million) for 2021 to 2022, or about £1.29 (about $1.50) per capita in the UK. This does not include security costs.
How much wealth did Elizabeth have?
Forbes reports that the Queen’s personal real estate includes two palaces: Sandringham House and Balmoral Castle.
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