Britain’s Queen Elizabeth II died on Thursday at Balmoral Castle in Scotland. At the age of 96, she said goodbye to the world. Elizabeth II became Queen of Britain in 1952 when her father, George VI, died. At the age of just 25, the Queen of Britain was crowned on the head of Elizabeth II. She was the only woman in the world who did not require a passport or visa to travel abroad. At present, Queen Elizabeth II Net Worth, who is the Queen of 15 sovereign nations, has left behind billions of wealth.
Many claims have been made in different reports regarding the net worth of Queen Elizabeth II. According to Fortune, Queen Elizabeth II has left behind a net worth of $500 million (Rs 39,858,975,000). This property will be inherited by Prince Charles when he becomes King.
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The royal family of Britain used to receive huge sums of money from the taxpayers, which is known as Sovereign Grant. It is given to the royal family on an annual basis. Actually. This grant was started during the time of King George III. He had passed an agreement in Parliament. In this way he paved the way for securing funds for himself and future generations. This agreement, originally known as the Civil List, was replaced by a sovereign grant in 2012.
In the years 2021 and 2022, the amount of the Sovereign Grant was fixed at more than 86 million pounds. These funds are allocated for the cost of official travel, maintenance of the property and the maintenance of the Queen’s home – Buckingham Palace.
According to Forbes, the royal family had about $28 billion in real estate as of 2021, which cannot be sold.
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 dollars
Scotland’s Crown Estate: $592 million
According to Business Insider, the Queen amassed more than $500 million in personal wealth from her investments, art collection, jewelry and real estate holdings. This includes Sandringham House and Balmoral Castle. Now that she has died, much of her personal wealth will be handed over to Prince Charles.
Now after the departure of Queen Elizabeth II, her eldest son Charles has become the King of Britain. Charles, 73, has also become the head of 15 countries of Britain, Australia, Canada and New Zealand. According to the rules of the royal family, Charles was to take over the reins after the departure of Elizabeth II. According to the rules, Charles is declared the new king soon after Elizabeth’s death. In London’s St James’s Palace, among senior parliamentarians, civil servants, the mayor, Charles will be formally made king.