What happens to Queen’s money now? Corgis, castles and purses in the mix

Queen Elizabeth II died last week – but what will happen to her assets and investments, and how rich was she really?

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“What will happen to his corgis? is one of the many questions raised since the death of Queen Elizabeth II. The dogs, which the Queen spent decades raising, have been popping up on social media around the world and Google searches for them and their future have skyrocketed by almost 200%, according to Google.

That question has now been answered – the Queen’s son Prince Andrew and his ex-wife Sarah Ferguson (who still live together despite their divorce) will welcome them, a spokesperson for the couple has confirmed to BBC. But what else did the queen own, how much was she worth, and what happens to her now that she is dead?

No one knows the queen’s exact net worth – Britain’s Sunday Times estimated her wealth at £370m ($426m) on their Rich List 2022, up £5m from 2021, a rise the newspaper linked to the Queen’s stock market investments. In 2021, Forbes suggested she had $500 million in assets.

There are two main reasons why it is so difficult to estimate one’s wealth. First, there is no official breakdown of its investments and assets. And secondly, some of the things the queen “owned” actually belong to the ruling monarch – whoever that is – or to the “royal institution” or “royal enterprise”, which sees the royal family more as a commercial entity, with support staff and Capitale.

Using publicly available information, we can gain insight into the late monarch’s vast wealth, held both privately and through the royal society, but the queen’s exact net worth is still shrouded in mystery. and specific numbers will likely never be released.

The Queen’s property – and why King Charles II doesn’t have to pay inheritance tax on her share

Sandringham House is one of the royal residences owned by Queen Elizabeth II.

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Balmoral Castle in Scotland, where the Queen spent her final days, and Sandringham House in the English countryside – which sits on a 20,000-acre estate – were two of her royal private residences.

This makes them unusual – other famous royal buildings like Buckingham Palace and Windsor Castle belong to the reigning monarch as part of the royal institution.

The Queen was also a private owner of the Duchy of Lancaster, which consists of 45,000 acres of land and includes many farms, castles and commercial buildings. He is worth £652.8m and made a profit of £24m last year, according to the Duchy. financial records.

Due to a law passed in 1933, King Charles III automatically inherits the estate and does not have to pay inheritance tax – usually set at 40% for properties worth more than £325,000 (377 $000) in Britain. Paying taxes on the Duchy alone would therefore have cost him an estimated £262.2m ($300m) in tax.

Not just Corgis: racehorses, swans, whales and more

Corgis weren’t the only dogs the Queen owned and loved – throughout her life she kept at least 30 Labradors, Cockers, Corgi mixes and, of course, Corgis.

The Queen has spent decades raising her beloved Corgis.

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She also loved horses and it is estimated that she owned over 100 throughout her life, many of which were racehorses. Earlier this year, the sports betting platform OLBG estimated that the Queen’s racehorses have earned her £8.7 million ($10 million) since 1988. According to the data, she earned £584,399 ($671,936) in 2021 alone .

Rumors still swirl about who will take care of the horses now. The Mail on Sunday reported that it is likely to be the king’s wife, Queen Consort Camilla, while a source told the New York Post that the Queen’s daughter, Princess Anne, and Anne’s daughter, Zara Tindall, both Olympic equestrians, will take over.

The Queen also owns British swans – or more precisely, all unmarked swans that live in open water bodies in England and Wales – as well as whales, sturgeons and porpoises living within three miles. from the British coast. These have now all passed down to King Charles, as they technically belong to the monarch.

The style of the queen: from handbags to jewelry

The Queen was rarely seen without a small handbag, often matching her coat and hat. Most often, she wore bags from luxury brand Launer London – including in the latest published photo of her. The company’s CEO told the Daily mail in 2016, the queen owned at least 200 of the bags – each of which cost around £2,000, according to Launer’s website.

As is the case with his famous color-coordinated coats and hats, it’s unclear how much his entire collection is worth and what will happen to his clothes and accessories now.

Queen Elizabeth II in her matching classic outfit, with a Launer London bag.

Photo by Max Mumby/Indigo | Getty Images Entertainment | Getty Images

The collection of royal jewelry, on the other hand, is vast and includes hundreds of crowns, tiaras, earrings, bracelets, brooches and necklaces covered in precious stones and diamonds that are worth millions. Some of the items belonged to the Queen privately, including those she inherited from her mother, and others belong to the serving monarch and will therefore be passed on to King Charles.

From blue chip investments to cars to stamp collections

High-end cars are also among the Queen’s assets – since learning to drive in World War II, she’s built up an extensive collection of cars including bespoke Bentleys, vintage Rolls-Royces, Jaguar as well as Land Rovers. Together, vehicles are worth millions, but ownership is again split between the Queen’s private wealth and that of the royal business or institution.

The situation is similar for the Royal Art Collection, which contains thousands of drawings, paintings and photographs, and the Royal Stamp Collection. The latter, also known as the Royal Philatelic Collection, is worth up to £100 million, The sun reported. Both traditionally belong to whoever is the incumbent monarch, so they were not part of the Queen’s private wealth and will now be held by King Charles.

What has contributed to his personal wealth, however, is his stock market investment strategy. Blue-chip UK stocks were one of his top picks, according to the Sunday timebut the exact numbers are not known.

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