Saturday, May 21, 2022

Queen Elizabeth Net Worth and Sources of Income

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British Monarch Queen Elizabeth II’s net worth is estimated to be just $600 million.

She recently recovered from Covid after having mild symptoms.

You might be wondering how on earth is it possible that her net worth is just in millions!

Actually, it is pretty complicated to understand as most of the properties owned by the Queen in fact belong to the royal firm – “Monarchy PLC” that holds approximately $28 billion worth of assets.

Read our article as we decode her net worth in detail in our article below!

Here are Queen Elizabeth net worth and other details

The world’s most expensive house is said to be Buckingham Palace, owned by the British Royal family whose estimated worth is $4.9 billion as per Forbes.

In 1837, on the accession of Queen Victoria, Buckingham Palace became the London residence of the British monarch. Buckingham palace is not the private property of The Queen as it is occupied by the Sovereign and held in trust by Crown Estates for future generations.

According to the annual books of accounts for the year 2020-21 published by the British royal family last year she received 86.3 million pounds as a Sovereign Grant. The annual lump sum amount paid by the government every year to the Queen is called the Sovereign Grant.

The Sovereign Grant, also known as the Civil List until a decade back, is a formal agreement signed between the government and King George 3 in the year 1730 to give his income from Crown Estate in return for receiving a yearly lumpsum amount for him and his successors.

Out of the 86.3 million pounds, almost 51 million pounds is set aside for funding her official travels, property upkeep, and other operating expenses of the Queen’s household and the remaining amount is allocated towards refurbishing and reservicing the Buckingham Palace.

Sources of Income

As per the accounts, the royal family costs translate to just 77 pence per person on the average citizen’s pocket in the UK. As per the disclosures made by the British Royal family, the estate surplus stood at 343.5 million pounds for the financial year 2018-19.

The Queen also generated an income of 23 million pounds in 2020 from her private estate of The Duchy of Lancaster which is spread across 18,000 hectares of land.

The main source of income for other royal family members Prince Charles, Camilla Parker Bowles, Prince William, and Kate Middleton is from the good portfolio of investments and The Duchy of Cornwall.

The major source of revenue for Queen is from The Royal Collection Trust, which relies on visitor admissions and other related activities as the trust does not receive any type of public funding.

Queen of England privately owns two properties, Balmoral Castle and Sandringham House.

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