Britain’s Queen Elizabeth II died last Thursday in Scotland. She was the queen for the longest time. The media is publishing news about the exact amount of his wealth and property. People’s interest, how did he earn?
There are many rumors about Queen Elizabeth’s property. The famous Fortune magazine published a report calculating the amount of the Queen’s wealth. According to their report, the Queen’s personal assets amount to 500 million dollars. He was sitting on the throne for more than 70 years. He acquired this amount of property at that time. In addition, the British royal family owns a $28 billion business called the Royal Farm. King George VI and Prince Philip also called it a family business.
Rani died at the age of 96. He left an estate of 500 million dollars to his next generation. Son Prince Charles will become the owner of this huge property soon after he ascends the throne.
Queen Elizabeth received a large sum of money each year in the form of sovereign grants from taxpayers’ funds. The British government gives this money to the royal family. According to an agreement between King George III and the British Parliament, King George gave all the estates to the Parliament. In return, the British government gives the royal family a lump sum every year. It was earlier called ‘Civil List’. Since 2012, this amount has been called ‘Sovereign Grant’.
According to the BBC, this sovereign grant was 86 million pounds in 2021-22. The money is given to the royal family for the upkeep of the Queen’s residence, Buckingham Palace, and the upkeep of the property. But yes, no money or annual grant is given separately to Rani.
Also known as Royal Firm Monarch plc of Britain. Its estimated net worth is $28 billion. The business firm is headed by Queen Elizabeth and has members of the royal family. The business contributes millions of pounds to the UK economy every year through many events and tourism. Members of the firm include Charles and his wife Camilla, Prince William and his wife Kate Middleton, Princess Anne, Prince Edward and his wife Sophie. According to Forbes, as of 2021, the royal family’s real estate assets were about $28 billion.
The money is based on the profits of the royal estate. It is essentially a property business, owned by the royal family but run independently. These properties include London’s famous Regent Street for shopping and Ascot Racecourse in Berkshire. Profits from this are added to the fund.
These properties are not part of the Queen’s personal property. These are only the property of the royal family. This means that the Queen cannot sell this estate. Again, you cannot spend the money earned from here.
History of the Crown Estate
Crown estates are basically the names of lands owned by the monarchy. Since the Norman Conquest they have been the property of the monarchy. King George III made an agreement with the government in 1760 to transfer the income from the Crown Estate. In return, the treaty stipulated that the king and his successors would receive a fixed annual sum, originally known as the civil list. In 2010, the name of the Civil List was changed to Sovereign Grant.
Another major source of income for the Queen was the Duchy of Lancaster. It is mainly a commercial, agricultural and residential property of the British royal family. But it is not government property, but inherited family property. After the death of King George VI, Queen Elizabeth received this property as the eldest daughter. After his death, the property will now be owned by Prince Charles. Areas such as Lancashire and Yorkshire have over 18,000 hectares of land. Apart from this, there are also these lands in Central London. These properties generate an annual income of about two million pounds.
Outside of England, the Crown Estate also has assets in Scotland, Wales and Northern Ireland. Also, Balmoral in Scotland, where the Queen passed away, is the Queen’s private property. Some members of the royal family have private airplanes, jewelry and stamp collections.
Security costs Because money spent on security is not a sovereign grant. Its expenses are usually borne by the Metropolitan Police. An organization called Republic provides news about the elected head of state. The agency estimates the monarchy’s total annual costs, including security costs, to be around £340m, which is several times the sovereign grant. However, some consultancy firms believe that the monarchy contributes to the economy every year through tourism. The money coming from this sector is more than the royal family’s security and other expenses.
Queen’s personal property It ranges from investments, art collecting, jewelry and real estate