By Lucy Caulkett-
Queen Elizabeth has a fortune worth over $530 million — FORBES has revealed.
Majority of the British monarchy’s wealth is derived from inherited lands and investments.
The Royal family is also supported by British taxpayers who also support the royal family through a “sovereign grant” issued by the treasury. Queen Elizabeth is also a rich beneficiary of a number of lucrative investments, some of which was revealed in the paradise papers
Forbes also reports the British monarchy “contributes nearly £1.8 billion to the UK economy” annually, including £550 million in tourism.
British taxpayers support the Royal family through a “sovereign grant” issued by the treasury. Next year’s grant is estimated to be $104.8 million. That’s about 65 pence per year per taxpayer, according to The Boston Globe.
Such national treasures are part of the royal collection, which the monarch holds in trust for the nation. The collection is made up of thousands of paintings, tapestries, pieces of furniture, photographs, and other objects, spread out between numerous royal residences. Certain palaces, like Buckingham Palace and Windsor Castle, are also held in trust.
The Queen personally owns certain items in the collection, including an immense royal stamp collection passed down to her by her father King George V passed down to her. She also privately owns the $65 million country house, Sandringham House, and the $140 million Scottish estate Balmoral Castle.
With all her fortune which guarantees that she never has a moment of lack, the Queen is really enjoying life.