With the Queen’s death, not only is the crown passed on and her eldest son Charles becomes Charles III. All subsequent royals advance in the line of succession. William becomes heir to the throne, he and his Kate were given the titles Prince and Princess of Wales. William follows his father Charles, but Kate follows the late Princess Diana. Charles’ wife Camilla never wore the title.
Biggest diamond in the world, palaces and all swans
In addition to the titles, the crown also owns extensive lands such as the shopping street Regent Street in London, castles such as Buckingham Palace, jewels, including the crown jewels with the Cullinan, the largest colorless diamond in the world in the scepter, and all the swans and wild crustaceans in Great Britain . The wealth of the monarchy is estimated at around 28 billion euros. However, none of this belongs to the Windsors themselves.
The royal family is one of the two richest clans in Great Britain, the Queen alone “only” made it into the top 400.
“Crown Estate”: A quarter of the income goes to the king
The “Crown Estate” is worth 20 billion euros, around half of which is land in London’s West End, among other places. In the past fiscal year, 377.5 million euros taken. As early as the 18th century, King George III. strike a deal with the Treasury. The monarch ceded the rights to the Crown Estate to the state, so he can’t sell anything, but he gets a share of the proceeds every year. Currently, as long as Buckingham Palace is being renovated, this is 25 percent (around 94 million euros), following which the proportion should decrease once more.
The Duchy of Cornwall officially belongs to the heir to the throne. King Charles III and Camilla were the Duke and Duchess of Cornwall until the Queen’s death. These titles – like that of the Prince of Wales – also derive from William and Kate. The duchy is worth a brisk £1 billion (1.15 billion euros) and generated around 27 million euros in the last financial year. While the Duchy is not privately owned by the Windsors, the profits are.
“Secret purse” 200 square kilometers in size
So it is with the Duchy of Lancaster. No one has officially held the title since the 15th century. However, following the death of the Queen, the money from the Duchy now belongs to the King. The Duchy is also called “Privy Purse” in Great Britain. The name derives from the Middle Ages. 200 square kilometers of land, more than 300 kilometers of coast and around 24 million euros in income flow directly to the king. The sovereign even pays taxes on this income.
Art, Jewelry, Rennpferde
In addition to all that, Elizabeth was also a person with a sense of beauty – and ancestors who ticked similarly. Thus amassed an art collection, jewels and not to forget the Queen’s beloved racehorses. Also privately owned are Balmoral and Sandringham House, the castles where the Queen alternately spent summers and Christmas. In 2002 alone, paintings, stamps, china and the odd Fabergé egg or two worth 70 million were added to this collection when Elizabeth’s mother, the Queen Mum, died at the age of 100. The Queen’s private fortune is said to be worth over half a billion euros.
Most of the inheritance is tied to titles, so it goes 1:1 to King Charles III. and his crown prince Prince William. It has also been leaked that the Queen’s third son, Prince Andrew, is to have the Queen’s four dogs, which he also gave to her. The jewelry, it is rumored behind closed palace doors, will go in bulk to Kate, the new Princess of Wales. For “official” appearances, the Queen has equipped her with valuable jewels in the past.
Anne given as a gift during her lifetime
The Queen’s children are taken care of: Princess Anne was given Queen Gatcombe Park, the property where she lives, while she was still alive. Her son Prince Edward lives in Bagshot Park, just a few miles from Windsor Castle, although the property is owned by the Crown, the lease for Prince Edward and his Countess of Wessex still runs for around 150 years.
Exciting: who gets nothing?
You will never know exactly who gets what, but who gets nothing or hardly anything is more exciting. Prince Andrew lives in the Royal Lodge on the grounds of Windsor Castle. Frogmore Cottage is also there, into which Prince Harry and his Meghan moved shortly following the wedding and then moved out once more to move to the United States. Rumor has it that Andrew may go away empty-handed following his Jeffrey Epstein friendship scandal. Harry, on the other hand, is said to get Frogmore Cottage, but his wife Meghan will not get any jewels. It will be exciting to see whether these rumors come true – at least for millions of Royals fans.
Current information following the death of the Queen in the PULS 24 Liveblog:
