Are they really only going to be worth $500 million, or just a few billion collectively?
To be clear, this is not a criticism. It just seems to me that the Queen’s net worth is a low ball number by a lot.
“King Charles” is as easy on the ears as “President Biden”. I could barely stand him as prince. Can they still say “off with your head” if I were to call him an inbred dunce?
Seems to closely fit with what has been reported in the past.
“According to Forbes, the crown, through the the Firm (which actually goes by “Monarchy PLC”), holds nearly $28 billion in assets.”
https://www.cosmopolitan.com/entertainment/celebs/a38266323/queen-elizabeth-ii-net-worth/
true, not as much as people imagine, but there’s always more to come:
9 Feb 2021: Daily Mail: The Queen’s windfarm windfall: Crown Estate sells off lucrative rights to offshore windfarms that could earn it and Treasury nearly £9billion in a decade
Crown Estate has sold off rights to a number of seabeds for renewable energy
BP has leased two areas, in the Irish Sea, which could power 3.4million homes
Move will help Government reach targets on renewable energy from wind power
Crown Estate is firm behind Queen’s public portfolio and profits go to Treasury
By JAMES ROBINSON
The Queen’s Crown Estate has sold off its lucrative rights to offshore wind farms in a move that could net the company - and subsequently the Treasury - nearly £9billion in a decade.
The Crown Estate, which manages the Queen’s public property and land before handing profits back to the public purse, said it had auctioned off eight gigawatts of potential new offshore wind capacity.
Bosses of the business say the move will help the UK meet its demand for renewable electricity.
Oil giant BP is among the businesses to win the rights to build new wind farms.
The Crown Estate owns the seabed off the coast of the UK and so is a vital part of freeing up land for offshore wind projects...
https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
9 Feb 2021: Daily Express: Queen’s huge windfall as green energy firms pay £9bn wind farms
THE Queen is in line for a windfall after energy firms agreed to pay up to £8.79billion to use several of the Crown Estate’s seabed plots for new offshore wind farms.
By RICHARD PALMER
The estate - which is linked to how much money the Royal Family gets each year - has sold sites in six areas off England and Wales to energy companies...Firms, including BP in partnership with the German utility company EnBW, have agreed to pay £879million a year for the right to the plots until they are fully operational in three to 10 years’ time...
It means that the Queen’s annual income from the taxpayer could rise from £85.9million to £220million because the Sovereign Grant, which funds the official activities of the monarch and her family, is calculated on the profits of the Crown Estate.
The estate is an independent property company that manages the seabed around England, Wales and Northern Ireland, much of the foreshore and valuable commercial property including parts of London’s West End.
Currently, the Queen receives a sum equal to 25 percent of estate profits...
But palace officials cautioned that the Royal Household was unlikely to see any benefits from the new wind-farm licences before 2025-26...
https://www.express.co.uk/news/royal/1395295/Queen-news-wind-farms-green-energy-crown-estate
The accounting stated in the article is deceptive in that the monarch has an incentive to seem relatively poor for the public while providing large gifts and stashing money away in accounts and trusts for members of royal family. Yet relatively modest royal wealth seems plausible in light of how the royals so often get caught up in dodgy money-grubbing schemes and dodgy relationships with seedy rich types.
Boy, just imagine how he's now going to be inundated with e-mails from Nigerian scammers, telephone calls from old drinking buddies with a "great business proposal!," noisy neighbors who are going to be coming by to "remind" him of that one china tea set or vintage porcelain commemorative dish which his mother had always "promised" them!
This guy's not going to get any rest for the next year!
Regards,
Opulent real estate is a money drag.
It costs tons of money to maintain and it is hard to unload. Especially King’s estates cannot be sold so they are money loosing proposition.
Even if you charge entrance to tourists.
The monarchy went bankrupt in the late 1700s and signed over the earnings of the crown estates in return for a regular privy purse
Live: The Accession Council meets to formally proclaim King Charles III monarch
Piker....
Watching the hundreds of uniformed men marching, in mostly red clothing - I have to ask ‘are they military’? and/or what do they do when not attending these royal functions?
“It seems to me that we are off, probably at least 99%...”
Maybe not. And I say that because back in the late 50s and early 60s the Kennedys were considered very wealthy.
By today’s standards they were not that well off as supposed, comparatively speaking. Plus they didn’t have the hurdles as we do today in the form of grossly inflated text schemes, real estate prices, the cost of money, and hard goods, but as wealthy as Camelot clan presented themsrlves, they were hardly filthy rich and anything they did have was probably purchased in the halcyon days of Old Joe Kennedy’s bootleg operation.
There’s a bunch of property that is held in trust which they can’t touch. So its not really “theirs” personally and shouldn’t be counted in their personal net worth.
On the other hand, they do get the lifetime use of it. That’s worth something. Those palaces are quite luxurious after all. How do you calculate a monetary value to them personally for the use of these properties? That’s a tough one.
Clearly 500 million pounds sterling is a low estimate and 27 billion pounds sterling a high estimate. I don’t know exactly how to calculate their net worth though.
The Duchy of Cornwall has 135,000 acres of land spanning 23 English counties. The Duchy belongs to the Prince of Wales, but His Royal Highness doesn’t own it in the classic sense as its capital assets are kept in trust for the nation.
...
The Crown Estate totals 360,000 acres, but while it belongs to the reigning monarch, the estate cannot be sold by the Queen and is not considered her private property. The holding includes high value parts of London and colossal tracts of agricultural land.
The Duke of Westminster is also a massive landowner, as are some Scottish dukes, but the Scottish lands don't bring in as much money as the English. Much more here.
Time for Britain to throw away the Royal pain.
As Charles, and his family, pretend to be exalted think of where all of that wealth came from over the centuries. Who actually worked for those assets?
They may not own the properties but can you imagine the Airbnb possibilities on the rentals stay a week at Buckingham Palace $200,000.
Most of it is entailed property. It belongs to the crown but cannot be sold. Each monarch is allowed to use the profits during their lifetime.
My understanding is that Balmoral and Sandringham are owned by the royal family - private property. The rest of the stuff I’m not so sure. Windsor castle was her primary residence, but I think that is owned by the state.
You forget how many of them are complete wastrels. Not to mention how expensive it is to staff all those properties. Blowing through money ain’t that hard, especially you don’t actually do anything.