How Rich is the Royal Family?
Last Modified: 24/05/2018
Take a look at where Queen Elizabeth gets her money and how wealthy her family is.
- 1What we do know is that Queen Elizabeth II...
- 2...is the wealthiest member of the royal family.
- 3Forbes estimates the Queen's personal net worth is around 530 million dollars.
- 4That's a lot, but for context,...
- 5...not enough to put her on the list of the world's richest people.
- 6So where does the Queen's money come from?
- 7It's a little complicated,...
- 8...but it can all be traced back to three main sources:...
- 9...her personal wealth and income, the Sovereign Grant and the Privy Purse.
- 10The Queen's personal investment portfolio...
- 11...includes things like her private jewelry and art.
- 12Then there's her property like the Balmoral Estate in Scotland...
- 13...and the Sandringham Estate in the English Countryside.
- 14The Queen inherited both from her father...
- 15...and their combined value is estimated to be around 175 million dollars.
- 16Okay, now let's look at the second source of the Queen's money:...
- 17...the Sovereign Grant.
- 18This is a lump sum the Queen receives from the government...
- 19...to pay for official duties, things like reception,...
- 20...travel and maintenance of the royal palaces.
- 21The Sovereign Grant for 2017 and 2018 is around 100 million dollars.
- 22The Duke of Edinburgh, Queen Elizabeth's husband,...
- 23...receives an additional annual allowance from Parliament...
- 24...of nearly $500,000 to carry out his public duties.
- 25Okay, let's go back to the Queen's third source of income:...
- 26...the Privy Purse.
- 27This is a fancy way of referring to the money...
- 28...generated by a very large plot of land, property and assets...
- 29...called the Duchy of Lancaster.
- 30The Duchy's main purpose is to provide income for the Duke of Lancaster.
- 31It's estimated the value of the Duchy of Lancaster is around 700 million dollars.
- 32The Queen receives an annual income of around 25 million dollars from that.
- 33In total, the Queen's immediate family is valued at more than 1 billion dollars.
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