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Queen Elizabeth II was worth an estimated $500 million
°ü¸®ÀÚ 2022-09-16 ¿ÀÈÄ 12:42:09 10901

 

Description: 

The late British queen was one of the world's most famous women. She was also extremely wealthy, with a huge property portfolio and an estimated personal fortune worth hundreds of millions of dollars. 

 

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Transcription: 

In the tour, the queen the duke and the Prince of Wales each minted coins themselves and the queen kept one as a souvenir. 

Rory Challens: she famously never carried cash despite being the face of it throughout her long reign. Queen Elizabeth: my government will continue to work... 

Rory Challens: Queen Elizabeth was one of Britain¡¯s wealthiest women. 

A monarch landowner property tycoon, collector and investor with an estimated personal fortune of about 500 million dollars. 

David Haigh: the queen and the monarch have a dual role. One is as head of state in which everything is disclosed and therefore all the financials are freely available to observe. She also had a role as a private individual. And as a private individual, financial information is not necessarily to be disclosed to the public.

Rory Challens: her own wealth came in part from her mother's estate properties including Balmoral castle in Scotland. A vast stamp collection artworks and her beloved racehorses. Has won for her majesty the queen! 

Rory challens: As monarch, she owned one of the biggest property portfolios in the UK. 

The crown estate includes parks, shopping centers, offices business and residential property. Profits from the estate which is an independent commercial business got paid into the UK treasury which in turn took 25 percent of the profits and paid them to the queen. 

This is called the sovereign grant. 

Privately, she received money from another estate the duchy of Lancaster which is held in trust for the sovereign it's worth an estimated 682 million dollars. 

The queen started paying tax voluntarily on its income in 1992. In 2017, an investigation called the paradise papers found about 13 million dollars had been invested by the duchy legally offshore in a Caribbean tax haven. 

David Mcclure: she did nothing wrong it wasn't illegal. But most people thought that all her investments were in in Britain and they were in blue chip companies and it did tarnish her image of being whiter than white. It looked as though she was acting like a city fund manager. 

Rory Challens: It's unlikely we'll ever really know how wealthy the British queen was. For some her wealth represented an outdated institution that of monarchy. For her supporters though she was a valuable asset. Worth the coins and notes she appeared on. God save the king! Well, King Charles¡¯s second proclamation took place in the financial heart of the nation the city of London. The area became known as the square mile as global banks established their headquarters there. But the tradition goes back centuries King Charles will inherit a personal fortune worth hundreds of millions of dollars of his mother queen Elizabeth II.

 

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Questions:

1. Specify the Queen's fortune. Where her own wealth does came from?

2. What is called sovereign grant? 

3. Who will inherit a personal fortune worth hundreds of millions of dollars of Queen Elizabeth II?


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