The late Queen was given a huge amount of personal wealth, which she inherited from her father, King George VI, to serve as her independent source of money away from the British taxpayers.
property and real estate
According to foreign reports, the Queen’s portfolio of assets includes property, including Balmoral Castle surrounded by rural scenery, which was one of the most beloved places to her and held many royal parties inside, valued at 100 million pounds, in addition to the Sandringham property, worth about 50 million pounds, and farms Fruit and sea lands across the UK, and her personal jewelry collection.
Elizabeth II also inherited some assets from the property of her mother, “Queen Mother” Elizabeth Bowes-Lyon, amounting to 94 million dollars, when she died in 2002, which included priceless works of art, jewelry and horses, and she also inherited many of the property of her late husband Prince Philip, which is worth $30 million.
The Queen has a collection of stamps belonging to her grandfather, King George V, worth 100 million pounds, as well as the highly prized Crown Jewels, and a solid gold piano.
According to Forbes, the crown controls nearly $28 billion in assets through the company, which is known as Monarchy PLC.
Sovereign Grant
The British government grants an annual allowance called the “sovereign grant” that covers the official expenses of the Queen and the expenses of members of the royal family, and in the latest estimate it amounted to 86 million pounds.
This money is provided by the government to the Queen based on the profits of the Crown Estate Company, a huge group of land, property and assets in the United Kingdom that belongs to the British king, and its net profit in 2020 was about 475 million dollars.
The Sovereign’s grant was set at 15 percent by agreement in 1760, before it was temporarily increased to cover extensive modernization work at Buckingham Palace.
property wallet
The Queen has had another source of personal wealth, a “royal purse”, which has passed from one king to another since the Middle Ages, and its financing comes from the Duchy of Lancaster, a huge collection of land including 45,700 acres of farmland in northern England and the land on which the Savoy is located. in London.
The portfolio includes 315 residential properties in addition to a number of commercial properties in the capital, London.
And the Queen had previously obtained private income from opening Sandringham Palace in England and Balmoral Castle in Scotland to visitors, before this was stopped due to the Corona crisis.
Did she hide her wealth?
A report published by the newspaper “The Guardian” in February of the year 2021, sparked widespread controversy over the Queen’s prompting her country’s government to amend a bill to hide her “embarrassing” private wealth from the public, claiming that this happened in the seventies of the last century and kept the property and the Queen’s private assets secret until At least 2011, but a Buckingham Palace spokesman denied this.
Who inherits the queen?
Under British royal laws, most of the late Queen’s personal assets are to pass to the new King Charles.
There is a special legal provision in place that exempted the Queen from paying inheritance tax on her mother’s estate, and this exemption would apply to King Charles as well, and is primarily intended to prevent the erosion of the royal family’s wealth.
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