Queen Elizabeth II was one of the most relevant figures of the 20th century. Her death is a heavy blow to the British, who were used to the figure of the sovereign.
The 96-year-old woman reigned for seven decades in the United Kingdom and left a legacy for millions of people. His fortune will now be in the hands of his heirs and must be distributed as indicated in his will.
(Keep reading: The day Elizabeth II fell asleep as a princess and woke up as a queen).
According to the ‘Sunday Times’ newspaper, the Queen’s personal wealth is estimated at 370 million pounds, about 462 million dollars. The figure is divided between his income from the Sovereign Grant, the inheritance of the Duchy of Lancaster and his estates.
The Sovereign Grant is an annual payment made by the government to the Queen to cover her living expenses. This sum includes prices for security, travel, staff and maintenance of residences.
(More: Queen Elizabeth II: This is the ‘London Bridge’ plan that is activated after her death).
For 2020 and 2021, the monarch received 85.9 million pounds, or 107 million dollars. Money is generated from the Crown Estate, a collection of income-producing government farms and land. Between 15 and 25% of the annual profits go to the royal family.
For its part, the Duchy of Lancaster is an inheritance that the queen has and that comes from 1265. They are a collection of properties and agricultural companies that create profits every year. In 2021 they generated 22.3 million pounds for Elizabeth II.
The British Royals page explains that this money is “mainly used to pay official expenses not covered by the Sovereign Grant (to cover expenses incurred by other members of the Royal Family)”
(Also: This was Queen Elizabeth II’s last public appearance.)
personal wealth
The jewels, works of art and properties such as Buckingham Palace and Windsor Castle do not really belong to the Queen. They are part of a trust that is delivered to the monarch in power. Therefore, now the owner would be King Carlos III.
Revenue from tickets to Buckingham Palace and other royal museums is used to maintain the Royal Collection, a collection of works and jewels that are passed from sovereign to sovereign.
(We recommend: The life of Elizabeth II in historical images).
In addition to this, Elizabeth II had her own fortune. The queen inherited the Balmoral and Sandringham Estates from her father, King George VI. When his mother, the Queen Mother, died, she left him an estimated £70 million inheritance.
After the death of her husband, Prince Philip, Elizabeth II was left with ten million pounds sterling that belonged to her, plus a library of more than three thousand books.
The Queen also owned the Royal Philatelic Collection, a stamp collection that is valued at £100 million and was one of the monarch’s hobbies.
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