Her Majesty was unquestionably wealthy as Queen of the United Kingdom and its 15 Commonwealth realms. But how much money did Queen Elizabeth have before she died, and who will inherit it? Royal admirers may be surprised to learn that she is not one of the world’s wealthiest royals, though she has certainly done well for herself.
Queen Elizabeth II is King George VI and Queen Elizabeth’s first child. Following her father’s death in February 1952, she was crowned Queen of the United Kingdom and the Commonwealth countries. At the time, she was 25 years old. From November 1947 until Prince Philip’s death in April 2021, she was married to Philip Mountbatten, a former prince of Greece and Denmark. Charles, Prince of Wales, Anne, Princess Royal, Prince Andrew, Duke of York, and Prince Edward, Earl of Wessex were their four children.
Queen Elizabeth II died on September 8, 2022, after more than 70 years on the throne. She was 96 years old at the time. In a statement, Buckingham Palace confirmed her death. “The Queen died peacefully this afternoon at Balmoral,” Buckingham Palace said in a statement. “The King and Queen Consort will spend the evening at Balmoral before returning to London tomorrow.” The Queen promised the United Kingdom in a 1957 Christmas broadcast that she would give her “heart” and “devotion” to the Commonwealth. At the time, she stated, “I cannot lead you into battle.” “I cannot make laws or administer justice for you, but I can give my heart and devotion to these old islands and all the peoples of our brotherhood of nations.”
But how much money did Queen Elizabeth have before she died, and who will inherit it? Continue reading to learn more about Queen Elizabeth’s net worth, how she made her money, how much she earned each year, and how her late husband, Prince Philip, may have impacted her finances. Must Check Alana Boden Net Worth.
Queen Elizabeth Net worth
What was Queen Elizabeth II’s Net worth?
According to various sources, the queen’s personal net worth ranges from $447 million to $500 million to $600 million. She inherited a large amount of personal wealth from her father, King George VI. This was an independent source of her wealth that did not come from British taxpayers (though much of it did come from colonization and profiting off of the invasion of foreign countries).
Property holdings include Balmoral Castle ($140 million) and the Sandringham estate ($65 million), as well as fruit and stud farms and marine land across the UK and her personal jewelry collection.
When her mother died in 2002, she inherited some of her mother’s $94 million estate, which included priceless works of art, Faberge eggs, jewelry, and horses.
The queen also inherited a large portion of her late husband Prince Philip’s estate, which is estimated to be worth $30 million.
Then there’s the annual Sovereign Grant, an allowance paid to the queen based on profits from the Crown Estate, the British monarch’s collection of lands and holdings in the United Kingdom.
The royal family received 25% of the Crown Estate profits in 2020, totaling $475 million.
The Privy Purse, which is passed down from sovereign to sovereign, was another source of personal wealth for the queen. It is funded by the Duchy of Lancaster, a vast collection of landholdings that includes 45,700 acres of farmland in North England and the land that houses London’s Savoy Hotel. Must Check Michael Vlamis Net Worth.
How much is the royal family worth?
According to Forbes, the “Firm” is worth an eye-watering $28 billion when all of the monarch’s properties that cannot be sold are factored in.
The Crown Estate is worth $19.5 billion, the Duchies of Cornwall and Lancaster are worth $1.3 billion and $748 million, respectively, and Kensington Palace is worth $630 million, where Prince William, Duchess Kate, and their children resided in Apartment 1A.
How much is Buckingham Palace worth?
Buckingham Palace, one of the royal family’s most valuable residences, is estimated to be worth $4.9 billion.
According to one study, the average British home buyer would need 44,000 years to pay off a mortgage on the property.
The 775-room palace is one of the Crown Estate’s assets, which technically belonged to the reigning monarch but are now held in trust for the Crown Estate. Following the Queen’s death, Buckingham Palace will pass to King Charles, who is expected to turn it into a museum rather than live there himself.
Who is the richest queen in the world?
Queen Elizabeth II was the world’s wealthiest queen, but she was not the wealthiest monarch. Sultan Hassanal Bolkiah of Brunei, whose net worth is estimated to be $30 billion, receives this honor. You may also like Eric Mabius Net Worth.
How much is the queen’s stamp collection worth?
You might be surprised to learn that the world’s oldest stamp collection, which she inherited from her grandfather, was one of the queen’s most valuable assets. The Royal Philatelic Collection is valued at $134 million.
Queen Elizabeth Early Life
Elizabeth was the elder daughter of Duke of York Prince Albert and Lady Elizabeth Bowes-Lyon. As the child of King George V’s younger son, Elizabeth had little chance of ascending to the throne until her uncle, Edward VIII (later Duke of Windsor), abdicated in her father’s favor on December 11, 1936, when her father became King George VI and she became heir presumptive. The princess’s education was overseen by her mother, who entrusted her daughters to a governess, Marion Crawford; the princess was also grounded in history by C.H.K. Marten, later provost of Eton College, and received instruction in music and languages from visiting teachers. During WWII, she and her sister, Princess Margaret Rose, were forced to spend much of their time safely away from the London blitz and apart from their parents, mostly at Balmoral Castle in Scotland and the Royal Lodge, Windsor, and Windsor Castle.
How did Queen Elizabeth die?
How did the Queen pass away? On the afternoon of September 8, 2022, Queen Elizabeth II died “peacefully” at her home at Balmoral Castle in Scotland. She was 96 years old. In a statement, Buckingham Palace confirmed her death. Her son, Charles, Prince of Wales, will succeed her and become King Charles III. Camila, Duchess of Cornwall, Charles’ wife, will now be known as The Queen Consort. “The Queen died peacefully this afternoon at Balmoral,” Buckingham Palace said in a statement. “The King and Queen Consort will spend the evening at Balmoral before returning to London tomorrow.” The Queen died just hours after Buckingham Palace announced that she had been placed under “medical supervision” due to “concerns” raised by her doctors. “The Queen’s doctors are concerned for Her Majesty’s health and have recommended she remain under medical supervision,” Buckingham Palace said at the time. “The Queen is still at home and at Balmoral.” “Their Royal Highnesses The Prince of Wales and the Duchess of Cornwall have traveled to Balmoral,” the statement continued.
Following the Queen’s death, Charles—the British royal heir apparent and the Queen’s eldest son with her late husband, Prince Philip—honored his mother in a statement on the official Royal Family Twitter.
“The death of my beloved Mother, Her Majesty The Queen, is a time of deep sorrow for me and all members of my family,” the statement said. “We deeply mourn the loss of a cherished sovereign and much-loved mother.” I know her passing will be felt deeply throughout the country, the Realms, and the Commonwealth, as well as by countless people worldwide. During this time of mourning and transition, my family and I will be comforted and sustained by the knowledge that The Queen was held in such high regard and affection.”
At the time of her death, the Queen was surrounded by British royal family members. The Queen’s second and third sons with Philip, Prince Andrew and Prince Edward, were seen arriving at Aberdeen Airport in Scotland shortly before her death, along with Charles and Camila. Sophie, Countess of Wessex, Prince Edward’s wife, and the Queen’s eldest grandson, Prince William, were also seen arriving at the airport. Prince Harry, the Queen’s second eldest grandson, was not seen at Balmoral Castle until hours after her death. He traveled to Scotland from Germany, where he and his wife, Meghan Markle, were promoting the Invictus Games. Meghan, for her part, did not accompany Harry to Balmoral Castle and remained in Germany during the Queen’s death. Kate Middleton, William’s wife, stayed in Windsor, England, because September 8 was the first day of school for her and William’s children: Prince George, 9, Princess Charlotte, 7, and Prince Louis, 4.
What was Queen Elizabeth’s cause of death?
What caused the Queen’s death? The cause of death for Queen Elizabeth II was not disclosed at the time of her death. Her death, however, occurred just hours after Buckingham Palace announced that she had been placed under “medical supervision” due to “concerns” raised by her doctors. “The Queen’s doctors are concerned for Her Majesty’s health and have recommended she remain under medical supervision,” Buckingham Palace said at the time. “The Queen is still at home and at Balmoral.” “Their Royal Highnesses The Prince of Wales and the Duchess of Cornwall have traveled to Balmoral,” the statement continued. The statement also came a day after the Queen canceled a Privy Council meeting to allow him to rest. “Her Majesty has this afternoon accepted doctors’ advice to rest after a full day yesterday,” Buckingham Palace said in a statement on September 7, 2022. “This means that the Privy Council meeting scheduled for this evening will be rescheduled.”
Since October 2021, the Queen had been seen regularly using a cane before her death. On the advice of her doctors, she canceled a planned trip to Northern Ireland and spent the night in the hospital that month. Buckingham Palace said at the time, “The Queen has reluctantly accepted medical advice to rest for the next few days.” “Her Majesty is in good spirits, but she is disappointed that she will no longer be able to visit Northern Ireland, where she was scheduled to attend a series of engagements today and tomorrow.”
Buckingham Palace confirmed in a statement at the time that the Queen “remains in good spirits” following her overnight stay at the hospital, where she underwent “preliminary investigations.” “Following medical advice to rest for a few days,” the statement said, “the Queen attended hospital on Wednesday afternoon for some preliminary investigations, returning to Windsor Castle at lunchtime today and remains in good spirits.”
The Queen died a year after testing positive for COVID-19 after close contact with Charles, who had contracted the virus earlier that month. At the time, celebrity gossip website Hollywood Unlocked falsely reported that the Queen had died of COVID-19 at the age of 95. The site falsely reported at the time that the Queen had been “found dead” after leaving for a wedding. “It is with deep regret that we inform you that Britain’s Queen Elizabeth has died,” said Hollywood Unlocked at the time. “We learned exclusively from sources close to the Royal Kingdom that Queen Elizabeth has died.” She was supposed to attend British Vogue editor Edward Enninful’s wedding, but she was found dead.”
While the site did not cite any official royal sources, Hollywood Unlocked CEO and founder Jason Lee backed up the report on Twitter at the time. “We don’t post lies, and I always back up my sources,” he said at the time. “Waiting for the palace’s official statement.” Lee later clarified his position on Instagram, writing, “I’ve never lied;” In a numbered list, he says, “I’ve never been wrong;” “I trust my sources;” and “I have yet to see an official statement from the palace saying otherwise.” Regardless of Lee’s assertion, the news of the Queen’s death at the time was false.
Despite Hollywood Unlocked’s report of her death, a source told Us Weekly in February 2022 that the Queen was recovering “without any fuss” after testing positive for COVID-19. “Of course, she has a team of doctors and a support staff that is second to none,” the insider told the magazine. “However, Her Majesty has handled this with no fuss or need to involve too many others in her recovery.” Following reports that the Queen was still alive, Hollywood Unlocked issued an apology on social media, blaming the report on a “intern journalist” who “published the draft post by mistake.” “Our deepest apologies go out to the #RoyalFamily and all involved in this embarrassing situation,” the website added. It was an accident, and we’re working hard to ensure that it doesn’t happen again.”
Accession to the throne
In the summer of 1951, King George VI’s health began to deteriorate, and Princess Elizabeth stood in for him at the Trooping of the Colour and on other state occasions. She and her husband embarked on a highly successful tour of Canada and Washington, D.C. on October 7. After Christmas in England, she and the Duke set out in January 1952 for a tour of Australia and New Zealand, but news of the king’s death on February 6, 1952 reached them en route, in Sagana, Kenya. Elizabeth, now queen, immediately returned to England. The first three months of her reign were spent in relative seclusion, as she was in full mourning for her father. However, after moving from Clarence House to Buckingham Palace in the summer, she assumed the routine duties of the sovereign and performed her first state opening of Parliament on November 4, 1952. On June 2, 1953, she was crowned at Westminster Abbey.
Beginning in November 1953, the queen and the Duke of Edinburgh embarked on a six-month tour of the Commonwealth, including the first visit by a reigning British monarch to Australia and New Zealand. Following state visits to various European countries, she and the Duke visited Canada and the United States in 1957. She was the first reigning British monarch to visit South America (in 1968) and the Persian Gulf countries, and she made the first royal British tour of the Indian subcontinent in 50 years in 1961. (in 1979). During her “Silver Jubilee” in 1977, she presided over a London banquet attended by the leaders of the Commonwealth’s 36 members, traveled throughout the United Kingdom and Northern Ireland, and toured overseas in the South Pacific and Australia, Canada, and the Caribbean.
With Queen Elizabeth’s accession, her son Prince Charles became heir apparent; he was named Prince of Wales on July 26, 1958, and was invested on July 1, 1969. Princess Anne (Anne Elizabeth Alice Louise), born August 15, 1950, and created princess royal in 1987; Prince Andrew (Andrew Albert Christian Edward), born February 19, 1960, and created duke of York in 1986; and Prince Edward (Edward Anthony Richard Louis), born March 10, 1964, and created earl of Wessex and Viscount Severn in 1999, were the queen’s other children. Although all of these children bear the surname “of Windsor,” Elizabeth decided in 1960 to create the hyphenated name Mountbatten-Windsor for other descendants who were not styled prince or princess and royal highness. On November 15, 1977, Elizabeth’s first grandchild (Princess Anne’s son) was born.
When was Queen Elizabeth died?
Elizabeth II, Queen of the United Kingdom and the Commonwealth realms, and the oldest living and longest-reigning British monarch, died on September 8, 2022, at the age of 96, at Balmoral Castle in Scotland. She died by 16:30 BST, and her death was announced publicly two hours later at 18:30 BST.
What country is Queen Elizabeth rule?
Britain and its former colonies argue about the monarchy’s future after Elizabeth II. Monday in Windsor, England, the coffin of Queen Elizabeth II arrives at Windsor Castle for the Committal Service. For many people in the United Kingdom, Queen Elizabeth represented the monarchy.
Is Queen Elizabeth a widow?
In January and April of 2021, she received her first and second COVID-19 vaccinations. After 73 years of marriage, Prince Philip died on April 9, 2021, making Elizabeth the first British monarch to reign as a widow or widower since Queen Victoria.
Did Queen Elizabeth 1 have children?
Elizabeth I died on March 24, 1603 after reigning as a popular queen for 44 years. She was the last Tudor monarch because she had no children and thus no direct heir to the throne. Following Mary, Queen of Scots’ death, her son, James VI of Scotland, was named King James I of England.
Why did Queen Elizabeth wear white makeup?
She did, however, contract smallpox in 1562, which left her face scarred. To conceal the scars, she began wearing white lead makeup. She lost her hair and teeth later in life, and in the last few years of her life, she refused to have a mirror in any of her rooms.
What did Queen died of?
Queen Elizabeth II
Who will be queen after Queen Elizabeth?
Queen Elizabeth II died on September 8, 2022, at the age of 96, at her home in Scotland, Balmoral Castle, after a historic 70-year reign as Britain’s longest-serving monarch. Her eldest son, Prince Charles, ascended to the throne immediately after her death.
Who is Queen Elizabeth’s husband?
The Princess Royal, Anne. Anne, Princess Royal, full name Anne Elizabeth Alice Louise, Princess Royal, formerly Princess Anne, is a British royal who was born on August 15, 1950, in London, England, as the second child and only daughter of Queen Elizabeth II and Prince Philip, Duke of Edinburgh.