Queen Elizabeth II's Fortune: Longest-Serving Monarch Was Among World's Biggest Land Owners
- Queen Elizabeth II died at the age of 96, after serving the British Monarch for 70 years since 1952
- The longest-serving monarch left behind personal assets worth $500 million (R 8 billion)
- The properties included 6.6 billion acres of land she owns in Britain and across other parts of the world
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The world is mourning the death of Britain's Queen and the world's longest-serving monarch Elizabeth the second.
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The Queen died at 96 years of age, after 70 years of her rule, and left behind a $500 million (R8 billion) fortune.
Royal family business
This is part of the $28 billion (R479 billion) Royal Firm, the British Royal family business empire, Fortune wrote.
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The empire comprises the Crown Estate, Buckingham Palace, the Duchy of Cornwall, the Duchy of Lancaster, Kensington Palace and the Crown Estate of Scotland.
Elizabeth's personal assets included land she acquired during her reign as the Queen, to be inherited by Prince Charles.
World's biggest land owners
Business Insider ranked Queen Elizabeth II among the world's 15 biggest land owners.
She boasted 6.6 billion acres of land worldwide, including Great Britain, Northern Ireland, Canada, and Australia, among other areas.
Others are investments in art collection, jewellery, and real estate holdings, including the Sandringham House and the Balmoral Castle.
Elizabeth also inherited $70 million (R1.2 billion) worth of assets from the Queen Mother, who died in 2002.
The assets are exempt from 40% inheritance tax, to avoid depletion of the royal family's wealth.
Queen Elizabeth and Royal Family's salary
The Queen earned a salary of £86.3 million (R172 billion) through a taxpayer fund called Sovereign Grant.
According to BBC, Sovereign Grant is used by the Queen and the royal family for royal duties, including maintenance of the Buckingham Palace.
Fell asleep a princess, awoke a queen: Elizabeth in Kenya
In a related matter, Briefly News also reported Princess Elizabeth was deep in the Kenyan forest on the adventure of a lifetime, spotting wildlife from high up in the treetops, when her father died and she became queen.
The world awoke on February 6, 1952, to the death of King George VI, who had succumbed during the night to lung cancer at the royal Sandringham residence in Norfolk.
His 25-year-old daughter and heir to the throne only heard the news later the same day, when word reached Elizabeth thousands of miles from home in the wilderness of the Aberdare Range.
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Source: TUKO.co.ke
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Bianca Lalbahadur Bianca Lalbahadur is a current affairs journalist at Briefly News. With a knack for writing hard-hitting content, she is dedicated to being the eyes and ears of South Africans. As a young and vibrant journalist, Bianca is passionate about providing quality and factual stories that impact citizens. She graduated from the Independent Institute of Education in 2017 and has worked at several award-winning Caxton associated community newspapers.
