HOW RICH IS QUEEN ELIZABETH


Royal weddings like Harry and Meghan markle are expensive. The last Royal weddings for Prince  William and Kate middleton cost is estimated to be at $34 million and that's low compared to the cost of prince Charles and princess Diana wedding which is predicted to be at $150 million in today's Dollars. You have to be very rich to foot bill this big. So, how rich is the royal family. The personal finances of British Royal family are kept very private but let's try to break it down. What we do know is that Queen Elizabeth || is the wealthiest member of the Royal family. Forbes estimated her personal networth at around $530 million. That a lot but not enough to put her on the list of World Richest People. So, where does the Queen's money come from? It's all complicated but it can be traced back to three main sources.

1. Personal wealth and income: This includes asset from the Queen's portfolio's, private estates in Scotland and English countries, private jewelries and art. She inherited some from her father which are valued at $175 million. When it comes to her personal incomes, the Queen also has a lucrative hobby which is horse racing. It is reported she has raked in $9 million over the last three decades.


2. The sovereign Grant: This is the lump sum given by the government to pay for her official duties like reception, travels and other things. The sovereign grant for 2017 and 2018 is around a $100 millions.
The Duke of edinburgh receives an annual allowance of about $500,000 from the parliament for his public duties. The money from sovereign grant comes from UK tax payers.


3. Privy Purse: This is the fancy way of saying money generated from land, properties and asset of the Duchy of Lancaster. The Duchy main purpose is to provide income for the Duke of Lancaster. That's title that has represented the reigning sovereign since 1939 and yes the Queen is sometimes referred to as the Duke of Lancaster. The estimated value of the Duchy of Lancaster is about $700 million. The Queen receives an annual income of about $25 million from that. Her son Charles, the prince of Wales receives a similar income from Duchy of cornwall. That's because he is heir to the crown and his estimated networth is around $400 million. The Queen's immediate family is worth $1.1 billion. Prince Williams is worth $30M, $7M for the duchess of Cambridge and $25M for prince Harry.
Sometimes, people think the Royal family worth even more but it turns out some of the most valuable asset are not owned by the Royal Family. They are part of two separate funds. One is the organization called the crown estate valued at $17B. It's a real estate business that includes major chunks of property around the United Kingdom. It's being managed by Independent board of directors and it's profit goes to the UK treasury. The second fund is the Royal Collection Trust. This includes a lot of things typically associated with BritishRoyal family. We talking policies, famous Art collections and of course the crown jewels. The total value of the Royal Collection Trust is estimated to be about $15B but since it's part of the trust that's passed down from generation to generation, the Queen doesn't personally own this valuable asset.

There is no Question the Royal family is rich but simply measuring up their asset might not give us the full picture of their wealth. It's estimated the monarch brings in more that $1B to the UK economy every year and that's a number fit for a Queen.

Comments

Post a Comment

Popular posts from this blog

SCRAMBLE FOR AFRICA

Image
Africa, one seen by europe as the heart of darkness, anti-civilization. It makes news for it's conflicts and poverty. For a long time, the world saw Africa as a lost cause, then one country saw opportunity and this began a new race for Africa. Not so different from the scramble of the 19th century where colonial britain and france draw raw materials, slaves and geo-political influence. Now in the 21st century, Global powers are more or less in the same race for Africa. USA, European Union, India, China, Japan, Israel, Canada are all in the race for Africa and one country (China) is emerging as the clear winner. Africa, the continent of 54 sovereign states, 17% of the world's population, 9.6% of the global oil output, 90% of the world's plantinum supply, 90% of the world's cobalt supply, half of the world Gold supply, 2/3 of the world's manganese, 35% of the world's Uranium, 75% of the world's cottan and 54 votes in United Nations General Assembly. This is wh
Read more

HOW NIGERIA ALLOWS CANADA TO STEAL ITS FUTURE

Image
Canada is ‘stealing’ our young people! Yes, Canada is not just taking our young people, they are taking the fattest of our crops, the best, the brightest, and the brainiest! One of them is my friend, Olufemi, (not real name). He graduated top of his class and best in the entire university! Nine years after graduation, he got married to his equally cerebral lawyer wife, and they both had fairly paying jobs that admitted them into the struggling middle class in Nigeria. A year after marriage, Olufemi,  disillusioned by the state of his family’s finances, the  situation in the country and the underutilisation of his skills, and intellect at his place of work, sold all his assets and relocated his young family to Canada! Femi’s story is not unique, almost every young  Nigerian professional  who is not in the process of immigrating to Canada, knows a friend, family or colleague who  has relocated or is  in the process of relocating. The situation is alarming, almost like the biblical
Read more

Ways I wish to make my annual income my monthly income, weekly and daily income

Image
So many time I've always wondered how would it be if what I earn yearly becomes what I earn monthly, then weekly and eventually daily. I think it's possible for me to have that if I follow the steps below 1. Increase my financial IQ: Many people believe that for you to have more money, you have to work hard or to be lucky or from a wealthy family. Well, I've seen so many people who work hard and are still poor, won lottery and spent all finished and a lot from a wealthy family who still became poor. Little do they know financial IQ is a must have for one to still retain wealth and earn six figures monthly. I've made research and I've found out that it's very possible for me to earn dialy what I earn yearly if only I increase my financial IQ. I've dedicated myself on learning about money from people who have created wealth before. They all have enormous knowledge on Enterpreneurship Investment Stock Leverage  Liability Debt Asset Tax These are t
Read more