Queen Elizabeth II had amassed a personal fortune estimated at £370m by the Sunday Times during her 70-year reign, some of which is known and run by the government, but some of which is private.
However, Elizabeth II came very far in the ranking of the great fortunes of the United Kingdom, the “Rich List” of the Times, the ranking to which he refers, being dominated by the brothers Sri and Gopi Hinduja (28,000 million pounds). She was also much less wealthy than the King of Thailand, whose fortune is estimated at $30 billion, the Sultan of Brunei ($20 billion), or King Salman of Saudi Arabia ($5 billion, according to celebritynetworth.com). .
Nonetheless, the sovereign benefited from a royal lifestyle supported by the British taxpayer. She and her relatives also benefited from the income from the gigantic private estate, the details of which are not fully known.
sovereign allocation
Expenses related to official activities representing the Queen or members of her family come from an annual allocation (“sovereign grant”) from the Treasury, amounting to £86 million for 2021-2022 (€99 million), including an extension granted for ten years for the renovation of Buckingham Palace (34 million pounds for 2021-2022).
Not counting the expansion, it corresponds to 15% of the profits of the British Crown estate (“The crown estate”), a colossal park of land, real estate, wind farm licenses, among others, and whose receipts are returned to the Public Treasury since an act of 1760. The sovereign allowance is used in particular to pay more than 500 Windsor employees.
The private wallet
The private purse refers to the private income of the queen. They come from receipts for some 650 million pounds of assets (land, financial titles, etc.) of the Duchy of Lancaster, owned by royalty since the Middle Ages. It includes some 315 high-end residential and commercial real estate properties, and thousands of acres of farmland.
The income of this colossal estate amounted to about 24 million pounds during the last fiscal year, which the queen distributes in part to her relatives. These private incomes are taxed as long as they are not used for official tasks.
If a part of the silver is redistributed to their children, Andrew, in disgrace because of their liens with the financier accused of sexual crimes and pedophiles Jeffrey Epstein, and devrait plus recevoir autant depuis qu’il s’est mis en retrait de the monarchy.
private properties
Balmoral Castle is valued at around £100m and his country mansion, Sandringham, at £50m. Some items in the Royal Collection also belong to the Queen privately, such as a stamp collection started by King George V.
Queen Elizabeth also had a well-known passion for horses and her personal stable has earned her over £7 million over the years according to the equestrian site myracing.com. The famous Crown Jewels, valued at around £3 billion, symbolically belong to the Queen and automatically pass to the next monarch.
Tax haven
The queen’s fortune has been marred by the Paradise Papers scandal, an investigation into large-scale tax evasion practices among powerful and famous figures.
These revelations from the International Consortium of Investigative Journalists (ICIJ) in 2017 claimed that Elizabeth II had, through the Duchy of Lancaster, around ten million pounds of assets in funds in the Cayman Islands and Bermuda, overseas territories of the Kingdom. Kingdom or treated as tax havens.
Source: BFM TV
