The British Monarchy and Money

British monarchy and money

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Queen Elizabeth II's personal wealth from her investments, artwork, jewelery and real estate holdings was estimated in 2015 at 340 million pounds (C$514 million) by the Sunday Times.

The Queen had a reputation for being frugal, using the same $12 brand of nail polish for 30 years. His only extravagance, the horses which have cost him up to C$900,000 a year. Horse racing has earned him nearly $9.2 million in prize money with 451 wins.

His wealth and how it will be distributed among his heirs will remain a secret. The Wills of the British Sovereign and other members of the British Royal Family are private.

No inheritance tax

No inheritance tax is due on the Queen's personal wealth due to an agreement she has made with the British government. The Queen announced in 1992 that she would henceforth pay taxes. But she never revealed the amount paid to the IRS.

In the Paradise Papers leakof 2017, it was revealed that approximately 12 million Queen's dollars was invested in the tax havens of Bermuda and the Cayman Islands, two British colonies.

It should be noted that the Royal collection, a collection of works of art, royal residences and the “Crown Jewels” are not part of the sovereign's personal wealth. The “Crown Jewels” include more than 300 jewels worth approximately US$4 billion. The Royal Collection will pass to Charles III and will be available to Camilla as Queen Consort.

The “Royals”, paying touristically.

The British Monarchy as a trademark was valued at approximately $88 billion in 2017 by valuation consultancy Brand Finance.

The Royal Family generates every nearly £500 million ($750 million) in tourism revenue annually, including attracting visitors to historic royal sites like Buckingham Palace, Windsor Castle and the Tower of London.

Official spending by the Queen and her family, released in June 2022, shows the monarchy cost the British taxpayer £102.4 million (C$154 million) in 2021-22, a 17% increase on compared to the previous financial year.

The British Sovereign and other members of the Royal Family only receive Canadian funds in the performance of their duties when they are in Canada or represent Canada in official duties abroad.

Shame on anyone who thinks wrong!

Queen Elizabeth was the symbol of British national identity, unity of his Kingdom, its stability and its continuity. Will this image of success and excellence endure with Charles III?

The well-deserved monarchy of Elizabeth. She and her family have earned the monarchy well.

The British monarchy and the money