Looking for the net worth of Queen Elizabeth II? Check out here Queen Elizabeth’s net worth, expenditure, royal family earnings and a lot more. Read further to know more about it.
Christened as Elizabeth Alexandra Mary, Queen Elizabeth II of England was born on April 21, 1926. She is the Queen of the United Kingdom and a portfolio of 15 other commonwealth territories.
Upon the death of her father in 1952, Elizabeth II became the head of Commonwealth and the queen regnant of a cluster of seven independent Commonwealth nations including the United Kingdom, Australia, Canada, New Zealand, South Africa, Ceylon and Pakistan.
How Much Is the Net Worth of Queen Elizabeth?
Queen Elizabeth is the queen of England and belongs to the royal family. Her current net worth is $600 million in Sept 2021.
Her coronation happened in 1953 and her Silver, Golden and Diamond Jubilees were celebrated in the years 1977, 2002 and 2012 respectively. Notably, she was the first monarch of the British crown to reach a Sapphire jubilee in 2017.
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Her husband Prince Philip died at 99 in 2021 after 73 years of marriage. How much is Queen Elizabeth’s net worth is an interesting topic about the assets and income of the royal household.
Net Worth of Queen Elizabeth
In 2021, Queen Elizabeth has a net worth of $600 million. With this estimated net worth, she is not even a billionaire and also not close to being called as the wealthiest woman in the world.
Her net worth took a dip by 20 million pounds in 2020 as per the Sunday Times. The queen has been voluntarily paying the income tax and capital gains tax on her private income since 1992.
Queen Elizabeth II has control over assets worth $28 billion, which she cannot sell. The worth of the Crown Estate is $19 billion, which comprises Regent Street in London, seashores of the UK, and more. The average profits the Crown Estate generates per year is $450m.
The queen receives about 25% of the proceeds from the Crown Estate profits through an entity named as Sovereign Grant to meet the royal family’s expenses like travels, housekeeping and IT expenditure. The average income the Queen makes per year from this grant is around $18 million.
The Duchy of Lancaster, one another real estate portfolio produces an income of $27 million per year. The worth of Buckingham Palace which is also a part of the Crown Estate is $5 billion.
Queen Elizabeth has not less than $600 million in personal assets. The queen is the owner of two castles which are her personal property of $65 million worth Sandringham House and Balmoral Castle worth $140 million.
She inherited these castles from her father. The queen also has personal ownership over a portfolio of stocks, a large number of art pieces and a huge stamp collection.
Overview of the queen’s wealth
Queen Elizabeth II has fabulous wealth and her wealth portfolio spans from diamonds, art, wind farms and horses. However, over the past two years from 2018, her ranking on the Sunday Times Rich List has significantly dropped by 30 places.
The 2020 rankings position the queen in the 372nd place. The market crash impacting her investments is the principal reason why her net worth fell off by 20 million GBP.
According to David McClure, an expert in royal finance, the queen’s horses are the only big extravagance she has.
He remarked, “This is quite an expensive hobby, at one stage she had about 20 thoroughbred horses, she had three studs, she had stables.” And added, “It was estimated in around 2000, it was costing about £600,000 a year just to run that.”
Sources of Queen Elizabeth II’s Income
The major part of the Queen’s income comes from the Trusts that are a part of the Royal Collection. The details of these trusts include some national treasures like the Crown Jewels and the Tower of London, which are under the Queen’s possession for the rest of the nation.
Though the queen is not the outright owner of these trusts, they do make up the vast portfolio. The trust also holds Buckingham Palace and Windsor Castle.
Some of the notable items in the royal collection that belong to the queen are a royal stamp collection that was initiated by King George V and some real estate holdings that are the personal property of the queen.
Queen Elizabeth makes a sizable income from her horses involved in racing. Over the years, her horses have secured about 451 wins and the prize money she got out of the horse’s winnings is $9.2 million.
By virtue of the right of the Crown, she owns the Crown Jewels as this ownership passes on from one monarch to the next. There are about 140 pieces in the portfolio of Crown Jewels that are together valued at $4 billion.
Queen Elizabeth’s Expenditures
Despite enjoying a privileged position in her royal household, Queen Elizabeth II, the head of the British Royal Family is said to be spending frugally.
For instance, to keep warm, she uses nothing more than a heater worth 30 GBP and uses just the same 7.99 GBP nail varnish for more than 30 years.
Sir Evelyn de Rothschild, an advisor to the Queen, remarked, “No one is tighter at spending than the Queen. She grew up during the war. Very disciplined.”
Queen Elizabeth’s net worth Compared to Other Royal Family Members
Prince Harry and Meghan Markle do not use the royal titles anymore. Prince Harry and Markle, wedded in 2018 together own $50 million. Notably, this figure is only slightly more than the cost of their royal wedding.
Formally called as Camilla, Duchess of Cornwall, Camilla Parker Bowles has a net worth of $5 Million. She dedicates the majority of her wealth, time and efforts to charity.
Princess Beatrice has $10 Million wealth and she is a full time entrepreneur also dedicating her time and efforts to a variety of social causes.
Princess Eugenie has a net worth of $10 Million and it is said a significant portion of her wealth comes from her own earnings. She works as the associate director of an art gallery.
The net worth of Kate Middleton is estimated around $10 Million. His family also has a company known as Party Pieces that contributes to a fortune of $5 million.
Prince Philip had a net worth of $30 Million when he died in 2021. Though married to Queen Elizabeth II in 1947, the long established rules pertaining to the monarchy did not allow him to assume the title of the King. He was actually born as the Prince of Greece.
Prince Harry is now removed from the royal duties and he has a net worth of $40 Million. He earned an annual salary of $45,000 when he was a captain in the Army Air Corps. In 2014, he too inherited a $12.3 million estate from his mother Princess Diana.
Prince William, the future King of England has a net worth of $40 Million which has ensued from his estate inherited from his mother Princess Diana. He now works full time for the royal family.
Prince Charles is the next one in line for the English throne. He has a net worth of $100 Million and he reigns over a significant portion of the royal family’s wealth. Though he does not own it, he makes a huge income from the Duchy of Cornwall, a huge real estate property as the Duke of Cornwall.
Queen Elizabeth II is the most powerful woman on the earth and one of the richest in the world, credited with a net worth of $600 Million. In addition to her earnings from Sovereign Grants, she earns from agricultural lands, horse farms and a valuable property in London.
How does the Royal Family Earn
The Queen is paid a salary. In a recent move, the Queen’s salary was doubled after remaining static for a very long time and the new figures of her salary is $97.2 million. In 2017, the private income the Queen makes from the Duchy of Lancaster increased.
This income ensues from the lands portfolio the present monarch enjoys under her. The proceeds from this category of income is used to fund the expenses of the other members of the royal family and the items that are not a part of the official work of the Queen.
The Queen also gets a raise when the taxes increase. This is used for spending on the renovations of Buckingham Palace. The source of this money is the Sovereign Grant, the portion of her money that the taxpayers pay towards the official duties of the Queen including the upkeep of the palaces.
It is also said that the Queen’s income worth $12 million has been invested in offshore funds in the Cayman Islands and Bermuda.
Royal Family Costs for the Common Man in the UK
The annual books of accounts for the year 2020-21 published recently by the royal family along with a report observes that the Sovereign Grant given to her in 2020 stood at 86.3 million pounds.
Of this amount, about 51 million pounds were set apart to meet her travel expenses, property maintenance and operating costs of the royal household. The rest was earmarked for reserving and refurbishing Buckingham Palace.
The report rules out the view that the royal household costs too much on the common man. The core amount of the Sovereign Grant works out to not more than 77 pence per individual in the UK. If re-servicing costs are also taken into account, this figure can go up to 1.29 pounds.
A faction in the UK believes that the royal family is a kind of burden on the taxpayers. Nevertheless, the managing director or Brand Finance Richard Haigh said while talking to Forbes, “Last year, we valued the boost to the UK economy from Harry and Meghan’s royal wedding in Windsor at almost $1.5 billion.
”Publishing its latest report on the royal family Brand Finance gave an estimate that the royal family is singularly responsible for bringing in $700 million per annum in tourism.
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