Who is the Queen's 500 million dollar heir.
 |
| Who is the Queen's 500 million dollar heir. |
Britain's Queen Elizabeth II died last Thursday in Scotland.For the longest time, she was the queen.The media is publishing news about the exact amount of his wealth and property. People's interest, how did he earn.
There are many rumors about Queen Elizabeth's property. The famous Fortune magazine published a report calculating the amount of the Queen's wealth. According to their report, the Queen's personal assets amount to 500 million dollars. He was sitting on the throne for more than 70 years. At the time, he had this amount of property. In addition, the British royal family owns a $28 billion business called the Royal Farm. It was also referred to as a family business by King George VI and Prince Philip.
Rani died at the age of 96. He left an estate of 500 million dollars to his next generation. Son Prince Charles will become the owner of this huge property soon after he ascends the throne.
How did Rani earn so much money?
Queen Elizabeth received a large sum of money each year in the form of sovereign grants from taxpayers' funds.The royal family receives this money from the British government. According to an agreement between King George III and the British Parliament, King George gave all the estates to the Parliament. In return, the British government gives the royal family a lump sum every year. It was earlier called 'Civil List'. Since 2012, this amount has been called 'Sovereign Grant'.
According to the BBC, this sovereign grant was 86 million pounds in 2021-22. The money is given to the royal family for the upkeep of the Queen's residence, Buckingham Palace, and the upkeep of the property. But yes, no money or annual grant is given separately to Rani.
Royal Farms is worth $28 billion?
Also known as Royal Firm Monarch plc of the United Kingdom. Its estimated net worth is $28 billion. The business firm is headed by Queen Elizabeth and has members of the royal family. The business contributes millions of pounds to the UK economy every year through many events and tourism. Members of the firm include Charles and his wife Camilla, Prince William and his wife Kate Middleton, Princess Anne, Prince Edward and his wife Sophie. According to Forbes, the royal family's real estate assets will be worth approximately $28 billion by 2021.
Fund money is spent in various sectors?
The Sovereign Grant Fund is allocated to official travel, property maintenance and the running costs of the Queen's household. Apart from this, some money is also spent on various receptions, garden parties and school visits. Last year, 2,300 royal events were organized.
Most of the funds are spent on palace maintenance and staff salaries. Last year, a £5.5m refurbishment of Buckingham Palace was spent to mark the 70th anniversary of Queen Elizabeth's accession to the throne.
Where does the money come from for the sovereign grant?
The money is based on the profits of the royal estate. It is essentially a property business, owned by the royal family but run independently. These properties include London's famous Regent Street for shopping and Ascot Racecourse in Berkshire. Profits from this are added to the fund.
These properties are not part of the Queen's personal property. These are only the property of the royal family. This means that the Queen cannot sell this estate. Again, you cannot spend the money earned from here.
History of the Crown Estate?
Crown estates are basically the names of lands owned by the monarchy. Since the Norman Conquest they have been the property of the monarchy. King George III made an agreement with the government in 1760 to transfer the income from the Crown Estate. In return, the treaty stipulated that the king and his successors would receive a fixed annual sum, originally known as the civil list. In 2010, the name of the Civil List was changed to Sovereign Grant.
Another source of income?
The Duchy of Lancaster was another significant source of income for the Queen. It is mainly a commercial, agricultural and residential property of the British royal family.However, it is inherited family property, not government property. After the death of King George VI, Queen Elizabeth received this property as the eldest daughter.The property will now be owned by Prince Charles following his death. Areas such as Lancashire and Yorkshire have over 18,000 hectares of land. Apart from this, there are also these lands in Central London. These properties generate an annual income of about two million pounds.
Outside of England, the Crown Estate also has assets in Scotland, Wales and Northern Ireland. Also, Balmoral in Scotland, where the Queen passed away, is the Queen's private property. Some members of the royal family have private airplanes, jewelry and stamp collections.
see more...
