Post by Deleted on Apr 26, 2016 15:36:40 GMT 7
THE MONARCH'S ROYAL RICHES
With opulent palaces, valuable artworks and the priceless Crown Jewels at her disposal, Queen Elizabeth II is clearly in the money but exactly how rich is she? As the UK's longest-reigning monarch celebrates her 90th birthday, we take a look at Her Majesty's fortune in detail.
CIVIL LIST ABOLISHED
The Queen no longer receives Civil List payments, a tradition dating from the 17th century. The payments were abolished in 2010 and replaced by what’s called the Sovereign Grant.The bulk of the Queen's income comes from the Sovereign Grant. This is made up of a 15% cut of total profits from the Crown Estate, a bulging portfolio of royal property and land around the UK.
THE CROWN ESTATE
The Crown Estate belongs to the monarch as a 'corporation sole' but isn't part of her private estate. Overseen by independent Crown Estate Commissioners, the Queen has very little say in its day-to-day running.
ANCIENT HOLDINGS
While the Crown Estate dates back almost a thousand years to the Norman conquest, the formal organization began in 1760 during King George II's reign.
BOOMING BUSINESS
The Crown Estate is one of the largest property owners in the UK, if not the world. It was valued at a record £11.5 billion ($16.6bn) in 2015, a massive 16.1% increase on the previous year.
LONDON ASSETS
Almost all of London's iconic Regent Street and half of the upscale St James's district belong to the Crown Estate. With central London property prices at a premium, it's no wonder the portfolio is worth so much.
UK-WIDE PORTFOLIO
The Crown Estate also owns swathes of land and thousands of properties in England, Scotland, Wales and Northern Ireland.
STANDOUT HOLDINGS
Wow factor holdings outside London include Windsor Great Park, Royal Ascot racecourse and virtually all of the UK’s seabed up to 12 nautical miles offshore.
LUCRATIVE SIDELINE
The Crown Estate holds the legal rights to salmon fishing on many Scottish rivers as well as the harvesting of wild mussels and oysters in Scotland.
MONEY SPINNERS
A large proportion of the Crown Estate's revenue comes from its huge portfolio of residential properties, office space and retail holdings, which include Worcester's CrownGate Shopping Centre and the Crown Point Shopping Park in Leeds.
HM'S 15% CUT
The Crown Estate's profits are paid to the UK Treasury and the Queen gets a cut of 15%.
GRANT BOOST
Thanks to its record profitability in 2015, this year's Sovereign Grant totals £42.8 million ($62m), an increase of almost 7% from last year's figure of £40.1 million ($57.7m).
PRIVATE ESTATE
The Duchy of Lancaster, which originated in 1399, is the British monarch's private estate, unlike the Sovereign Estate, which is a public entity.
DUCHY HOLDINGS
Like the Sovereign Estate, the Duchy of Lancaster boasts an enviable portfolio of land and property in England and Wales, including the prestigious Savoy Estate in London.
PRIVY PURSE
The Queen is entitled to all profits from the Duchy of Lancaster and these payments make up the majority of what is called the Privy Purse grant.
EXTRA CASH
Last year, the Duchy of Lancaster was valued at £472 million ($679m) and provided the Queen with £16 million ($23m) income via the Privy Purse.
TAX EXEMPTION
Luckily for the Queen, the Duchy of Lancaster is under no legal obligation to pay income tax, capital gains tax or inheritance tax.
PRIVATE INVESTMENTS
The Queen has a private investment portfolio, the details of which are shrouded in secrecy. Analysts have suggested it could be worth hundreds of millions of pounds, but Buckingham Palace has denied these claims.
PRIVATE PROPERTIES
In addition to everything else she owns, the Sandringham and Balmoral estates are the Queen's private properties, inherited from her father and worth millions of pounds.
CROWN JEWELS
The world-famous Crown Jewels are part of the Royal Collection. While many consider them to be priceless, experts have suggested a value of up to £5 billion ($7.2bn).
More here: www.msn.com/en-au/news/photos/how-much-is-the-queen-of-england-actually-worth/ss-BBs2TvM#image=27
With opulent palaces, valuable artworks and the priceless Crown Jewels at her disposal, Queen Elizabeth II is clearly in the money but exactly how rich is she? As the UK's longest-reigning monarch celebrates her 90th birthday, we take a look at Her Majesty's fortune in detail.
CIVIL LIST ABOLISHED
The Queen no longer receives Civil List payments, a tradition dating from the 17th century. The payments were abolished in 2010 and replaced by what’s called the Sovereign Grant.The bulk of the Queen's income comes from the Sovereign Grant. This is made up of a 15% cut of total profits from the Crown Estate, a bulging portfolio of royal property and land around the UK.
THE CROWN ESTATE
The Crown Estate belongs to the monarch as a 'corporation sole' but isn't part of her private estate. Overseen by independent Crown Estate Commissioners, the Queen has very little say in its day-to-day running.
ANCIENT HOLDINGS
While the Crown Estate dates back almost a thousand years to the Norman conquest, the formal organization began in 1760 during King George II's reign.
BOOMING BUSINESS
The Crown Estate is one of the largest property owners in the UK, if not the world. It was valued at a record £11.5 billion ($16.6bn) in 2015, a massive 16.1% increase on the previous year.
LONDON ASSETS
Almost all of London's iconic Regent Street and half of the upscale St James's district belong to the Crown Estate. With central London property prices at a premium, it's no wonder the portfolio is worth so much.
UK-WIDE PORTFOLIO
The Crown Estate also owns swathes of land and thousands of properties in England, Scotland, Wales and Northern Ireland.
STANDOUT HOLDINGS
Wow factor holdings outside London include Windsor Great Park, Royal Ascot racecourse and virtually all of the UK’s seabed up to 12 nautical miles offshore.
LUCRATIVE SIDELINE
The Crown Estate holds the legal rights to salmon fishing on many Scottish rivers as well as the harvesting of wild mussels and oysters in Scotland.
MONEY SPINNERS
A large proportion of the Crown Estate's revenue comes from its huge portfolio of residential properties, office space and retail holdings, which include Worcester's CrownGate Shopping Centre and the Crown Point Shopping Park in Leeds.
HM'S 15% CUT
The Crown Estate's profits are paid to the UK Treasury and the Queen gets a cut of 15%.
GRANT BOOST
Thanks to its record profitability in 2015, this year's Sovereign Grant totals £42.8 million ($62m), an increase of almost 7% from last year's figure of £40.1 million ($57.7m).
PRIVATE ESTATE
The Duchy of Lancaster, which originated in 1399, is the British monarch's private estate, unlike the Sovereign Estate, which is a public entity.
DUCHY HOLDINGS
Like the Sovereign Estate, the Duchy of Lancaster boasts an enviable portfolio of land and property in England and Wales, including the prestigious Savoy Estate in London.
PRIVY PURSE
The Queen is entitled to all profits from the Duchy of Lancaster and these payments make up the majority of what is called the Privy Purse grant.
EXTRA CASH
Last year, the Duchy of Lancaster was valued at £472 million ($679m) and provided the Queen with £16 million ($23m) income via the Privy Purse.
TAX EXEMPTION
Luckily for the Queen, the Duchy of Lancaster is under no legal obligation to pay income tax, capital gains tax or inheritance tax.
PRIVATE INVESTMENTS
The Queen has a private investment portfolio, the details of which are shrouded in secrecy. Analysts have suggested it could be worth hundreds of millions of pounds, but Buckingham Palace has denied these claims.
PRIVATE PROPERTIES
In addition to everything else she owns, the Sandringham and Balmoral estates are the Queen's private properties, inherited from her father and worth millions of pounds.
CROWN JEWELS
The world-famous Crown Jewels are part of the Royal Collection. While many consider them to be priceless, experts have suggested a value of up to £5 billion ($7.2bn).
More here: www.msn.com/en-au/news/photos/how-much-is-the-queen-of-england-actually-worth/ss-BBs2TvM#image=27
