The Queen might be very frugal in her personal expenses what with the £7.99 brand of nail polish which she’s been using 30 years and counting. However, the Queen is wealthy. Ranking 344 on the 2018 Sunday Times Rich List, the Queen draws her wealth from several sources making her the richest member of the entire royal family. The entire royal monarchy of England is worth $88 billion at last count which was in 2017. However, the Queen’s personal net worth is about $520million.
Here’s a breakdown of her properties and other sources of her wealth.
The Queen gets some monetary benefit from the annual income, $400million, generated from the Crown Estate which includes the revenue gotten from the 263,000 acred farm and several buildings in Central London. Although the Buckingham palace is part of the Crown Estate, it is not one of the personal properties of the Queen rather it is entailed as the property of the reigning monarch which means that it belongs to whoever is Queen.
The Crown Estate is made up of several properties worth $14 billion and although they don’t all belong to the Queen, she does get to be paid 15% of the annual revenue of the Crown Estate. This money is to be used for hosting her events and footing any bills she has when she travels. Some royal properties are exclusively owned by Queen Elizabeth herself and among these are the Balmoral Estate where she spends her summer days worth $140million, and the Sandrignham where she spends her Christmas holidays worth $65 million.
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Properties aside, the bulk of the Queen’s income is made up of certain trust which include the royal Crown jewels, Tower of London, Windsor Castle and the Buckingham Palace. Other properties of the Queen include a royal stamp collection started by King George V. Another source of income is her earnings from horse racing which has reached a startlingly high amount of $9.2million dollars. The Crown jewels belong to the Queen as long as she is the queen. So this means that it passes from Monarch to monarch and they are worth $4 billion dollars. Another part of the Queen’s income is her salary which amounts to $97.2 million dollars.
Prince Phillip on the other hand is worth about $30 million dollars. One source of his income is the annual salary worth $500k he gets paid every year for all of his public duties.
