posted on Jul, 22 2013 @ 05:51 PM
reply to post by ImaFungi
How rich is Queen Elizabeth?
Her estimated personal fortune is around £350 million (US $525M). The Duchy of Lancaster estate, a portfolio of land, property and assets, is held in
trust for the monarch and worth around £348 million. She also owns properties privately that have never been valued, including Sandringham House,
Balmoral Castle reputedly worth £160 million and the Castle of Mey. Her personal art collection is worth at least £10 billion, and she owns personal
jewellery and a large stamp collection built up by her grandfather George V. Buckingham Palace, Windsor Castle, the Crown Jewels and the Royal Art
Collection are held in trust for the nation.
The Crown Estate, which manages on behalf of the monarch property and land owned by the Crown including Regent Street in London and Britain's
coastline, is worth around £8.6 billion and generates £252 million (2011/12) in income a year. This income is handed back to the Government as
payment in return for the £36 million per year (in 2012 down 12% from £41 million in 2008) cost of running the monarchy.
This arrangement dates from 1760 when George III gave up the right to the income from the Crown's estates in return for a Civil List paid to members
of the Royal Family. In 2013 this changed to a Sovereign Support Grant based on 15% of the income from the Crown Estate. This means that for the year
from April 2014 the grant will be £37.9 miilion towards the cost of the Royal household, their travel, attending formal functions and repairs to
buildings including Kensington Palace which will be the new home of William and Catherine.
Hope that answers your question.