Queen Elizabeth II’s personal fortune from her investments, artwork, jewelry and real estate holdings in 2015 was estimated at £340 million ($514 million Canadian) by Sunday times.
The Queen was known for being frugal, using the same brand of CAD12 nail polish for 30 years. His only extravagance: horses that cost him up to C$900,000 a year. Horse racing brought him nearly $9.2 million in prize money with 451 wins.
His wealth and how it is distributed to his heirs is kept a secret. The wills of the British Sovereign and other members of the British Royal Family are considered private.
No inheritance tax
There is no inheritance tax due on the Queen’s personal fortune due to an agreement she made with the British Government. The Queen announced in 1992 that she would pay taxes from now on. But she never disclosed the amount paid to the tax authorities.
in flight from Paradise Leaves In 2017, it was revealed that the Queen invested about $12 million in tax havens in Bermuda and the Cayman Islands, two British colonies.
It should be noted that property group – which houses a collection of artwork, royal residences, and the crown jewels – is not part of the king’s personal fortune. The Crown Jewels include more than 300 gems, valued at approximately four billion US dollars. The Royal Collection will pass to Charles III and will be available to Camilla as Queen Consort.
The Royalspay the tourist
British ownership as a brand was valued at about $88 billion in 2017 by valuation consultancy Brand Finance.
The royal family generates nearly £500 million ($750 million Canadian) in tourism revenue each year, including attracting visitors to historic royal sites such as Buckingham Palace, Windsor Castle and the Tower of London.
Official spending for the Queen and her family, published in June 2022, shows that the monarchy cost the British taxpayer 102.4 million pounds ($154 million Canadian dollars) in 2021-22, an increase of 17% over the previous year.
British Sovereigns and members of the Royal Family receive Canadian money only to perform their duties when they are in Canada or represent Canada in official functions abroad.
Shame on those who think wrong!
Queen Elizabeth was a symbol of British national identity and the unity, stability and continuity of her kingdom. Will this image of success and excellence continue with Charles III?
Elizabeth’s property is well deserved. She and her family deserve all the best from the monarchy.
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