Queen Elizabeth II, born as Elizabeth Alexandra Mary in 1926, passed away at the age of 96 on September 08, 2022. According to France 24, she was estimated to be worth £370 million or more than $420 million. Her Majesty and other royal family members fund their expensive lifestyle from both public (taxpayers fund) and private sources (the details of which are not fully known).  

The Sovereign Grant, a government allowance, covered the queen’s official expenses as well as those of other royals representing her. This amounted to nearly £86 million in 2020-2021, including £34.4 million for ongoing renovations at Buckingham Palace in London. The monarch’s private income, known as the Privy Purse, is primarily derived from the Duchy of Lancaster estate, which includes assets worth more than £500 million in land, financial investments, and property.

While The Crown Estate owns the majority of the royal palaces, the queen owned two privately: Balmoral Castle in Scotland, estimated to be worth £100 million, and Sandringham country estate, estimated to be worth £50 million. She also had stamps in the Royal Collection worth £100 million, as well as £7 million in prize money from her passion for horse racing.

However, according to France 24, her fortune was overshadowed by that of other monarchs: the Thai royal family’s wealth is estimated to be between $50 and $70 billion, while Saudi King Salman has a reported net worth of $18 billion.

Source: France 24


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Hanna is an aspiring economist in her final year at Addis Ababa University. She has written hundreds of insightful daily stories, analyses, and features about the Ethiopian economy and beyond.

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