Who will inherit Queen Elizabeth’s estate? Net worth revealed
2 min read
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Many are wondering what will happen to the fortune of Queen Elizabeth II following her death on 8th September. And it is more complicated than it seems.
Here is everything you need to know.
Who will inherit Queen Elizabeth’s fortune?
According to reports King Charles, who will ascend to the throne after Queen Elizabeth II’s death will inherit most of her personal assets which are estimated to be around $500 million.
Charles is the eldest son of Queen Elizabeth II who she shared with Prince Philip.
Moreover, these assets include her investments, art collection, and jewelry. It further consists of the real estate she owned such as Sandringham House in Norfolk, England, and the Balmoral Castle in Aberdeenshire, Scotland.
The London bridge has fallen. The Queen died peacefully at Balmoral this afternoon.
Rest is peace your Majesty, Queen Elizabeth.
7 decades,15 prime ministers, 1 QUEEN 👑 #QueenElizabethpic.twitter.com/P7PVG5Gc6f— Umer Farooque Samoo (@UmerFarooq390) September 8, 2022Advertisement
Furthermore, Queen Elizabeth also inherited $70 million in assets after her mother’s death in 2002. It includes a stamp collection, fine china, jewels, horses as well as a valuable egg collection of Faberge.
Her art collection included works from artists such as Monet, Nash, and Carl Fabergé.
It is also important to note that, much of the late sovereign’s property actually belongs to the ‘Royal Firm.’ It is a $28 billion empire that was referred to as ‘the family business’ by former members of the British royal family such as King George VI and Prince Philip.
Meanwhile, the Queen’s personal net worth was estimated to be nearly $657 million in 2022.
Furthermore, The Sun reported in 2019 that the 96-year-old Queen’s wealth was worth $3 billion.
How did Queen Elizabeth earn money?
Queen Elizabeth II had varied sources of income such as portfolios composed of lands, properties, and several other assets they acquired throughout the years.
Regardless, her primary source of income comes from the Sovereign Grant. It is a government-administered annual lump sum account that was established in 2012. It pays the monarch for their official duties, and the costs involved while maintaining the occupied palaces.
In simple terms, the Crown Estate which is a collection of royal holdings generated a revenue of $28 billion annually. Moreover, the Queen received 25 percent of the income while the British Treasury got the remaining 75 percent.
Although, Her Majesty did not privately own the Crown Estate, the portion of the public sovereign grant paid for the Queen and her family’s expenses every year.
According to Celebrity Net Worth, the Queen amassed roughly $18 million from this estate yearly.
