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Queen Elizabeth II is the longest-reigning monarch in British history. As the “ceremonial head of state” she doesn’t get paid a salary, but she has a portfolio of investments and property worth an estimated $520 million.
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Introduction
Queen Elizabeth II is the constitutional monarch of 16 sovereign states, known collectively as the Commonwealth realms. She is also Head of the 53-member Commonwealth of Nations. The Queen is Head of State of her realms and resides in a number of locations, including Buckingham Palace in London, England.
Elizabeth was born in 1926 as the first child of the Duke and Duchess of York, later King George VI and Queen Elizabeth. She was educated privately at home. Her father acceded to the throne in 1936, from which time she was known as HRH Princess Elizabeth.
She married Philip Mountbatten, Duke of Edinburgh, in 1947 and they have four children: Prince Charles, Princess Anne, Prince Andrew and Prince Edward.
Early life and family
Elizabeth II was born in London as the first child of the Duke and Duchess of York, later King George VI and Queen Elizabeth. She was educated privately at home. Her father acceded to the throne on the abdication of his brother King Edward VIII in 1936, from which time she was the heir presumptive. She began to undertake public duties during the Second World War, serving in the Auxiliary Territorial Service. In 1947, she married Prince Philip, Duke of Edinburgh, a former prince of Greece and Denmark, with whom she has four children: Charles, Prince of Wales; Anne, Princess Royal; Prince Andrew, Duke of York; and Prince Edward, Earl of Wessex.
Reign
Elizabeth II has been Britain’s longest-serving monarch and her reign is now the longest of any female monarch in history.
Assuming the role of head of state after her father’s death in 1952, Elizabeth’s life has largely been devoted to public service. She has worked tirelessly to support the charitable works of the royal family and others, and her tireless efforts have earned her the affection and respect of her people.
In recent years, Elizabeth’s health has begun to decline and she has cut back on her public engagements. Nevertheless, she remains an important figurehead for the United Kingdom and Commonwealth Realms, and her personal net worth is estimated to be $520 million.
Net worth
Queen Elizabeth II is the constitutional monarch of the United Kingdom and its overseas territories. She has held the title since her coronation in 1952, making her the longest-reigning British monarch in history. According to Forbes, she has an estimated net worth of $500 million (£380 million).
While the Queen’s net worth might seem like a lot, it doesn’t compare to some of her relatives. For example, her son Prince Charles is said to be worth $100 million (£76 million), while her grandson Prince William and his wife Kate Middleton have a combined net worth of $30 million (£23 million).
Investments
Queen Elizabeth’s net worth is primarily derived from her investment portfolio, which is managed by a team of financial experts. The value of her portfolio fluctuates depending on the stock market, but it is estimated to be worth approximately $500 million. In addition to her investment portfolio, the Queen also receives an annual stipend from the British government, which is currently set at $5.6 million. She also owns property and land throughout the United Kingdom, which is valued at an estimated $1 billion.
Property portfolio
The Queen’s main source of income is the Sovereign Grant, which is money given to her by the government to help with her official duties. In 2020, she received £85 million from the Grant.
In addition to the Sovereign Grant, the Queen also has a large property portfolio. The Crown Estate is a large portfolio of land and property owned by the British government, and it provides the Queen with an annual income of £37 million. The Duchy of Lancaster is another estate that belongs to the British monarch, and it provides an income of £22 million per year.
Other income sources
In addition to her salary and investments, Queen Elizabeth also has a number of other sources of income. These include the Duchy of Lancaster, which is a private estate that provides her with an income, as well as the Crown Estate, which is a portfolio of royal property managed by the government. She also receives money from the Privy Purse, which is used to cover her personal expenses, and she has a number of residences that generate rental income.
Philanthropy
In addition to her personal wealth, Queen Elizabeth II has a considerable amount of money at her disposal from the British Crown Estate. The value of the Crown Estate increased in 2017 to £13.4 billion ($17.6 billion). Of that, £329 million ($426 million) was distributed to the U.K. government, and £247 million ($324 million) went to the Scottish government. The queen also receives an annual provision from Parliament known as the Civil List, which is used to pay for royal expenses not covered by the Crown Estate such as travel and staff salaries. That allowance was £15 million in 2018-19 ($19.5 million).
Legacy
Queen Elizabeth II is not only the longest-reigning monarch in British history but also one of the wealthiest. Forbes estimates her net worth to be $530 million. The majority of her fortune comes from real estate and works of art that have been passed down through the royal family for centuries. The queen also receives an annual stipend from Parliament and has personal investments.
Conclusion
Taking all of this into account, it is safe to say that Queen Elizabeth II has a net worth of around $530 million. This makes her one of the richest women in the world.
