Queen Elizabeth’s Net Worth

Queen Elizabeth II, as the monarch of the United Kingdom and its 15 commonwealth realms, undoubtedly enjoyed significant wealth. However, it may come as a surprise to royal well-wishers that she was not among the world’s richest royals, although her financial standing was still impressive.

Born as the first child of King George VI and Queen Elizabeth, Queen Elizabeth II ascended to the throne of the United Kingdom and the Commonwealth countries in February 1952 following the death of her father. At the young age of 25, she assumed the role of queen. In November 1947, she married Philip Mountbatten, a former prince of Greece and Denmark, and their marriage lasted until Prince Philip’s passing in April 2021. Together, they had four children: Charles, Prince of Wales; Anne, Princess Royal; Prince Andrew, Duke of York; and Prince Edward, Earl of Wessex.

Tragically, after a reign spanning over 70 years, Queen Elizabeth II passed away on September 8, 2022, at the age of 96. Buckingham Palace officially confirmed her peaceful passing at Balmoral through a statement. The statement also mentioned that the King and the Queen Consort would remain at Balmoral for the evening and return to London the following day. This moment marked the end of an era and prompted mourning among her subjects and admirers across the globe.

In a heartfelt Christmas Broadcast in 1957, Queen Elizabeth II made a promise to the United Kingdom, expressing her wholehearted commitment and dedication to the Commonwealth. While acknowledging that she did not lead her nation into battle or administer justice, she emphasized her ability to offer something unique: her heart and unwavering devotion to the British Isles and all the peoples within the brotherhood of nations.

Regarding the specifics of Queen Elizabeth II’s net worth before her passing and the inheritance of her wealth, detailed information has not been publicly disclosed. Although she may not have ranked among the world’s wealthiest royals, her financial position was undoubtedly substantial. The exact allocation of her wealth among her heirs, including her children and grandchildren, will be determined based on legal and customary protocols.

In conclusion, Queen Elizabeth II’s life and reign were characterized by wealth, duty, and a steadfast commitment to her country and the Commonwealth. While she may not have been among the richest royals globally, her financial status was impressive nonetheless. As she left a lasting legacy, her successors will continue to carry her torch and honor her memory through their service and dedication.

Queen Elizabeth’s net worth was estimated between $480 million to $500 million in 2021, according to multiple net worth calculators. Following the death of her husband, Prince Philip, that amount may have changed as she likely acquired any of his wealth not left to their four children: King Charles, Princess Anne, Prince Andrew and Prince Edward.

What was Queen Elizabeth II’s income ?

The Queen enjoyed multiple sources of income stemming from portfolios consisting of lands, properties, and other assets acquired over time. Her primary income stream was derived from the Sovereign Grant, an account that allocated approximately 25 percent of the earnings generated by the Crown Estate, a collection of lands and holdings. While the Crown Estate did not belong to the Queen personally, this particular portion of the public sovereign entity covered the annual expenses of the Queen and her family. Celebrity Net Worth estimates that in recent years, the Queen’s yearly income from this estate amounted to around $18 million.

The Sovereign Grant, a taxpayer fund disbursed annually to the British royal family, originated from an agreement made by King George III. In exchange for surrendering his income from Parliament, King George III received a fixed annual payment for himself and other royal family members. Initially known as the Civil List, this agreement was later revamped as the Sovereign Grant in 2012. According to Fortune, the grant amount was set at approximately £86 million in 2021 and 2022. The funds from the grant were allocated towards official travel, property maintenance, and the operational and maintenance costs of Buckingham Palace, the residence of the Queen.

Additionally, the Queen earned a yearly income from the Duchy of Lancaster, a private portfolio consisting of land, property, and assets held in trust for the reigning sovereign. Express and Star report that in 2020, the Queen’s estimated annual income from the Duchy of Lancaster was £23 million, equivalent to $31 million.

In addition to her sovereign portfolios, the Queen, along with her late husband Prince Philip, possessed a collection of personal assets. These assets included the family’s Sandringham Estate, valued at around $65 million, and their vacation home, Balmoral Castle, with an estimated worth of $140 million.

Taking into account her various income sources, the Queen earned a generous annual salary until her passing. According to the Evening Standard, in 2020, her estimated yearly income amounted to approximately $97.2 million.

Furthermore, the Queen held a significant position as the head of The Firm, also known as Monarchy PLC, according to Fortune. The Firm consisted of the public figures of the House of Windsor and the royal family members under the Queen’s leadership. Fortune states that The Firm operated as a multi-million-pound business empire, contributing to the United Kingdom’s economy through televised events and tourism.

Apart from Queen Elizabeth II, The Firm included seven other members: King Charles, his wife Camilla, Queen Consort, Prince William, his wife Kate, Duchess of Cambridge, Princess Anne, Prince Edward, and his wife Sophie, Countess of Essex. According to Forbes, the British royal family collectively possesses nearly $28 billion in real estate as of 2021, which is not available for sale. Here is a breakdown of the estimated values:

• 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

Who inherited Queen Elizabeth’s wealth?

Who will inherit Queen Elizabeth’s wealth? After Queen Elizabeth II’s passing, her eldest son, King Charles, according to Fortune, inherited the majority of her $500 million personal assets. These assets encompassed investments, an art collection, jewelry, and real estate holdings, including Sandringham House in Norfolk, England, and Balmoral Castle in Aberdeenshire, Scotland, where the Queen passed away.

Furthermore, Queen Elizabeth also inherited nearly $70 million in assets following the death of her mother, the Queen Mother, in 2002. These assets included a stamp collection, fine china, jewels, horses, a valuable collection of Fabergé eggs, as well as paintings by artists such as Monet, Nash, and Carl Fabergé. It is worth noting, as per Fortune, that a legal clause exempted the Queen from paying inheritance tax on her Queen Mother’s estate, and this exemption will also apply to King Charles. Under an agreement made with former Prime Minister John Major in 1993, inheritance from one sovereign to another is exempt from the United Kingdom’s 40-percent inheritance tax. This agreement was established to prevent the erosion of the British royal family’s wealth.

However, it is important to clarify that King Charles will not inherit the entirety of the British royal family’s $28 billion empire, which includes the Crown Estate of Scotland, the Crown Estate, the Duchy of Lancaster, the Duchy of Cornwall, Buckingham Palace, and Kensington Palace. According to Fortune, he will solely inherit the personal assets specifically designated to him by his mother, Queen Elizabeth II.