$500 million in personal assets from her 70 years on the throne, which Prince Charles will inherit when he is crowned king. This doesn’t include possession such as the biggest cut Diamond in the world, mined in and stolen from South Africa, worth at last $400,000,000.
“the Queen’s fortune—and what happens to it now—is complex; much of what is seen to be owned by her actually belongs to the so-called Royal Firm, the $28 billion empire that members of the British royal family like King George VI and Prince Philip once referred to as “the family business.”
Here is a breakdown of what will happen with the Queen’s fortune now that she has died.
How does the Queen get paid?
The Queen received income through a taxpayer fund known as the Sovereign Grant, which is paid annually to the British royal family. It originates from an agreement made by King George III to surrender his income from Parliament in order to receive a fixed annual payment for himself and future generations of the royal family. Originally known as the Civil List, it was replaced by the Sovereign Grant in 2012.
This grant amount was set to just over 86 million pounds in 2021 and 2022. These funds are allocated toward official travel, property maintenance, and operating or maintenance costs of the Queen’s household—Buckingham Palace.
But the Queen doesn’t just receive an annual salary.
The Royal Firm: a $28 billion empire
The Firm, also known as the Monarchy PLC, is a group of senior members and public faces of the House of Windsor, the reigning royal family that the Queen was the head of. Together, they operate what can be considered a global business empire that pumps hundreds of millions of pounds into the United Kingdom’s economy every year through televised events and tourism.
Her Majesty and seven other royals are members of the Firm: Prince Charles and his wife Camilla, the Duchess of Cornwall; Prince William and his wife Kate, the Duchess of Cambridge; Princess Anne, the Queen’s daughter; and Prince Edward, the Queen’s youngest son, and his wife Sophie, the Countess of Wessex.
The monarchy holds nearly $28 billion in real estate assets as of 2021, which cannot be sold, according to Forbes. That includes:
The Crown Estate: $19.5 billion
Buckingham Palace: $4.9 billion
The Duchy of Cornwall: $1.3 billion
The Duchy of Lancaster: $748 million
Kensington Palace: $630 million
The Crown Estate of Scotland: $592 million”
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