Before she died this afternoon, everyone knew Queen Elizabeth II had a lot of money. Like, she owns a bunch of palaces, a bunch of sparkly diamond tiaras, a solid gold piano, Hyde Park (lol), every single swan in the UK, and an austere abbey R-I-C-H.
But how much money does she have saved up? We will look more closely at Queen Elizabeth II's wealth and how she got it. We'll also talk about some exciting things about her money. Keep watching!
Queen Elizabeth II Net Worth
In 2022, people think Queen Elizabeth II will have a Net Worth of $500 million. This is mainly because her father, King George VI, left her a large amount of property and money.
Her wealth also comes from her investments and several other income streams. Here, we'll try to break down her sources of income so you can understand them better.
Where Does the Queen's Money Come From?
Since a deal made by King George III in the late 1700s, taxpayer money has been used to help support the British royal family. The Sovereign Grant is a set amount of money the government gives to the royal family every year.
The grant amount was over 86 million pounds for 2021 and 2022. These funds are used to pay for many things, such as travel, security, and official duties.
The grant also helps pay to keep royal homes like Buckingham Palace in good shape. The Sovereign Grant is usually used to pay for the Queen and her immediate family, but it can also be used for the costs of passing the throne to the next monarch.
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The Sovereign Grant is just one way the British royal family makes money. There are also private investments, rental income, and money from selling official merchandise.
About the Royal Firm
People often call the British royal family “the Firm.” Former Prime Minister Margaret Thatcher made this name well-known when she said that the monarchy was like a business. And it's not hard to see why she might have thought that way.
The royal family owns a lot of different things, like real estate, art, investments, and other things. It is thought that these assets are worth about $28 billion.
Investing in and Inheriting Real Estate
The real estate owned by the royal family is estimated to be worth $17 billion. This includes palaces, official homes, and a lot of private homes and other properties that are rented out to make money. Buckingham Palace, worth about $1.55 billion, is the most valuable property owned by the royal family.
Some other critical Royal properties are:
- $19.5 billion for the Crown Estate
- $4.9 billion for Buckingham Palace
- The Duchy of Cornwall: 1,300,000,000 USD
- $748 million for the Duchy of Lancaster
- $630 million for the Kensington Palace
- The Scottish Crown Estate: $592 million
Art Collection Worth
The royal family's art collection is one of the most significant and most valuable in the world. It is estimated to be worth $5 billion. Some of the most well-known artists in history, such as Rembrandt, da Vinci, and Michelangelo, have pieces in this collection.
It is thought that the royal family's investments are worth about $3 billion. This includes stocks, bonds, and private equity, among other things. With an estimated net worth of $500 million, the Queen is one of the wealthiest people in the world.
Since she is the daughter and granddaughter of English monarchs, she inherited much of this money. But over the years, the Queen has also made smart investments that have added to her wealth.
The Queen owns a lot of valuable things, like Balmoral Castle and Sandringham House, in addition to her impressive financial portfolio. Even though these numbers will change over time, her personality and kindness will always be remembered. We want her family to know that we are sorry for what they are going through.
On 8 September 2022, Buckingham Palace announced that the Queen was under medical supervision at Balmoral Castle after doctors expressed concern. The statement said, “Following a further evaluation this morning, the Queen's doctors are worried about Her Majesty's health and have recommended she stay under medical supervision.
The Queen remains comfortable and at Balmoral.” The Queen's four children, daughters-in-law, and grandsons, Prince William, and Prince Harry, traveled to be with her. Her death was confirmed that evening, setting in motion Operation London Bridge.