(London) Queen Elizabeth II had a personal fortune estimated at £370 million ($558 million CAD) by Sunday timesDuring his 70-year reign, some of them are well-known and run by the government, but some are private.
Posted at 10:08 PM.
Her Majesty the King has benefited from a royal lifestyle supported by the British taxpayer but her relatives and she has also benefited from a gigantic private heritage income whose details are not fully known.
Expenses related to official activities to represent the Queen or members of her family come from an annual appropriation (“sovereign grant”) from the Treasury, amounting to 86 million Egyptian pounds for the period 2021-2022 (130 million treasures), which has been extended. Ten-year grants to renovate Buckingham Palace (34 million pounds for the year 2021-2022).
Not counting the sprawl, it corresponds to 15% of the profits of the British Crown Estate (“crown ownership”), a huge stock of land, real estate and wind farm licenses, among other things, the revenue of which has been returned to the Treasury since the 1760 Act.
Sovereign allotment in particular is used to reward the more than 500 employees of Windsor.
Secret purse refers to the Queen’s private income. It comes from receipts of about £650 million in assets (land, financial property, etc. – the equivalent of 980 million treasure) – from the Duchy of Lancaster, a royal estate since the Middle Ages.
It houses about 315 residential properties, high-end commercial properties, and thousands of hectares of farmland.
The income from this huge inheritance for the last fiscal year amounted to about 24 million pounds, which the Queen distributes in part to her relatives. These private incomes are subject to tax as long as they are not used for official business.
“The Queen uses this money to cover her maintenance costs for her properties at Balmoral and Sandringham, two very expensive private residences,” but their owner, notes David McClure, author of a book on the finances of the Crown (The real value of the queen).
“She also uses this money to support other members of the royal family who do not receive public money,” he continued in an interview with AFP.
Si une partie de l’argent est redistribué à ses enfants, Andrew, en disgrâce à cause de ses liens avec le financier inculpé crimes pour sexuels et pédophiles Jeffrey Epstein, ne devrait plus recevoir autant depuis qu’il s’est de mis en The monarchy.
Balmoral Castle is valued at around £100 million (151 million treasures), and his country palace, Sandringham, at around £50 million (75 million treasure).
Some items in the royal collection also belong to the Queen in particular, such as the stamp collection started by King George V.
Queen Elizabeth also had a known passion for horses, and her personal stable over the years has earned her over £7 million according to equestrian website myracing.com.
The famous Crown Jewels, valued at around £3 billion, symbolically belong to the Queen and are automatically passed on to the next king.
The Queen’s fortune has been littered with the Paradise Papers scandal, an investigation into widespread tax evasion practices among powerful people and celebrities.
Discoveries from the International Consortium of Investigative Journalists (ICIJ) claimed in 2017 that Elizabeth II, via the Duchy of Lancaster, had about ten million pounds worth of assets in trusts in the Cayman Islands and Bermuda, or the UK’s Overseas Territories, or were treated as such. . Tax havens.
Not very rich
At £370 million, Elizabeth II came far behind in the UK’s ranking of great fortunes, The Times’ Rich List, in the order he points out, being dominated by brothers Sri and Gopi Hinduja (£28 billion).
She was also 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).
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