Who will inherit Queen Elizabeth’s estate? Net worth revealed
Many are wondering what will happen to Queen Elizabeth II’s fortune. after her death on September 8. And it’s more complicated than it seems.
Here’s everything you need to know.
Who Will Inherit Queen Elizabeth’s Estate?
King Charles, who will ascend the throne after Queen Elizabeth II’s death, will inherit most of her personal fortune, estimated at $500 million, according to reports.
Charles is the eldest son of Queen Elizabeth II, whom she shared with Prince Philip.
Additionally, these assets include her investments, art collection, and jewelry. It further consists of properties she owned such as Sandringham House in Norfolk, England and Balmoral Castle in Aberdeenshire, Scotland.
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In addition, Queen Elizabeth also inherited a $70 million fortune after her mother’s death in 2002. It includes a stamp collection, fine china, jewelry, horses, as well as a valuable collection of Faberge eggs.
Her art collection included works by artists such as Monet, Nash and Carl Fabergé.
It is also important to note that much of the late monarch’s property actually belongs to the “royal firm”. It is a $28 billion empire that former members of the British royal family, such as King George VI. and Prince Philip, referred to as a “family business”.
Meanwhile, the Queen’s personal net worth was estimated to be nearly $657 million in 2022.
Additionally, The Sun reported in 2019 that the 96-year-old Queen’s fortune is worth $3 billion.
How did Queen Elizabeth make money?
Queen Elizabeth II has had various sources of income such as portfolios consisting of land, real estate and several other assets that she has acquired over the years.
Regardless, its primary source of income comes from the Sovereign Grant. This is a government-administered annual lump-sum account that was established in 2012. It pays the monarch for his official duties and the costs associated with the maintenance of occupied palaces.
Simply put, the Crown Estate, which is a collection of royal possessions, generated an income of $28 billion a year. In addition, the Queen received 25 percent of the revenue, while the British Treasury received the remaining 75 percent.
Although Her Majesty did not privately own the Crown Estate, part of the public sovereign grant paid for the expenses of the Queen and her family each year.
According to Celebrity Net Worth, the queen amassed roughly $18 million a year from this fortune.
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