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Queen Elizabeth II Net Worth: How Much Fortune Did She Make During Her Reign?

Queen Elizabeth II passed away on Thursday at the age of 96 after reigning over Britain for more than 70 years. Her son, Charles, has become the new monarch of the country and will be known as King Charles III.

The Queen has left a huge fortune in terms of personal assets, which will now be inherited by King Charles. But how much was the net worth of the Queen at the time of her death and how did she earn the fortune? Read on to find out.

Queen Elizabeth II Net Worth

As per estimates, the Queen has left over $500 million in personal assets. Understanding the royal finances could be a little complicated, as a major portion of the Queen’s fortune is actually owned by the Royal Firm, the 28$ billion empire.

Queen Elizabeth II earned her income through a taxpayer fund known as the Sovereign Grant, which is paid to the royal family annually. The fund was originally called Civil List and was renamed in 2012.

The fund amount was set at 86 million pounds in 2021 and 2022. The amount was used for the Queen’s official travel, property maintenance, and operating or maintenance costs of Buckingham Palace.

The Queen was a Member of the Royal Firm

The Queen was also a member of the Royal Firm, also known as the Monarchy PLC, which is a group of senior members and public faces of the House of Windsor, the reigning royal family. The group is a global business empire that added millions of pounds to the UK’s economy through televised events and tourism.

The group holds $28 billion of assets as of 2021, including $19.5 billion from the Crown Estate, $4.9 billion from Buckingham Palace,  $1.3 billion from The Duchy of Cornwall, $748 million from The Duchy of Lancaster, $630 million from Kensington Palace and $592 million from The Crown Estate of Scotland.

The purpose of the fund is to boost the economy, and the family does not profit from the business. They can, however, benefit from the free media coverage and the royal warrants.

Other Estates and Land Holdings of the Queen

Another source of income for the Queen was the Crown Estate, which is a collection of lands and holdings belonging to the British monarchy held by the monarch. This is run by a semi-independent public board and is not the private property of the monarch. The estate announced a net revenue profit of $312.7 million in the year 2021-2022.

A portion of the profit from the revenue is also used to fund the Sovereign Grant, which was set at 28% in the year 2017-18 but is supposed to be reduced to 15% by 2028. The Queen’s Privy Purse is another asset, which includes properties held in trust dating back to the 14th century, which acted as a private income to the Queen from the Duchy of Lancaster. 

“At the end of March 2022, the Duchy of Lancaster had $652.8 million of net assets under its control, delivering a net surplus of $24 million. These take the form of property and financial assets,” reads a statement on their official website. hsurplus funds are paid to the monarch directly.

For more news and updates, keep watching this space.

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