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

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

Chris Jackson | Chris Jackson Collection | fake images

“What will happen to your corgis?” is one of the many questions raised since the death of Queen Elizabeth II. The dogs, which the Queen spent decades breeding, were trending on social media around the world and Google searches for them and their futures 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 are still living together despite their divorce) will take them in, a spokesman for the couple confirmed to the 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 £370 million ($426 million) in its 2022 Rich List, up £5 million from 2021, an increase the newspaper linked to investments in the Queen’s stock market. In 2021, Forbes suggested that she had $500 million in assets.

There are two main reasons why estimating your wealth is so difficult. First of all, there are no official breakdowns of their investments and assets. And secondly, some of the things that the Queen “owned” actually belong to the ruling monarch, whoever that may be, or to the “royal institution” or “royal firm”, which sees the royal family more as a business entity, with support staff and capital.

Using publicly available information, we can take a look at the late monarch’s great wealth, both privately and through royal signature, but the Queen’s exact net worth is still shrouded in mystery, and will likely never be known. publish specific figures.

The queen’s estate and why King Charles II does not have to pay inheritance tax on his share

Sandringham House is one of the privately owned royal residences of 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 personally owned royal private residences.

This makes them unusual: other famous royal buildings such as Buckingham Palace and Windsor Castle are owned by the reigning monarch as part of the royal institution.

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

Due to a law enacted in 1933, King Carlos III automatically inherits the estate and does not have to pay inheritance tax on it; this is generally set at 40% for properties worth more than £325,000 ($377,000) in Great Britain. Therefore, paying taxes on the Duchy would only have cost him around £262.2 million ($300 million) in tax.

Not Just Corgis: Racehorses, Swans, Whales, and More

Corgis aren’t the only dogs the Queen owned and loved: Over the course of her life, she owned at least 30 Labradors, cocker spaniels, corgi crosses and, of course, corgis.

The Queen spent decades raising her beloved Corgis.

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He also loved horses and it is estimated that he owned more than 100 in his lifetime, many of which were racehorses. Earlier this year, sports betting platform OLBG estimated that the Queen’s racehorses had earned £8.7 million ($10 million) since 1988. According to the data, she earned £584,399 ($671,936) in 2021 alone. .

Rumors are still circulating 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 jockeys, will take over.

The Queen also owns the swans of Great Britain, or more specifically, all unmarked swans that live in open bodies of water in England and Wales, as well as whales, sturgeons and porpoises that live within three miles of the British coast. They have all now passed to King Charles as they technically belong to the monarch.

The Queen’s style: from bags to jewelry

The Queen was rarely seen without a small handbag, often matching her coat and hat. Most of the time she wore bags from the luxury brand Launer London, even in the last published photo of her. The company’s CEO told the Daily Mail in 2016 that the Queen owned at least 200 of her bags, each costing 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 classic matching outfit, with a Launer London bag.

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

The royal jewelry collection, meanwhile, is extensive and includes hundreds of crowns, tiaras, earrings, bracelets, brooches and necklaces covered in gems and diamonds worth millions. Some of the items were the private property of the queen, including those she inherited from her mother, and others belong to the monarch in her service, so they will pass to King Charles.

From blue chip investments to cars and stamp collections

High-end cars are also among the Queen’s assets: since learning to drive during World War II, she has built up an extensive collection of cars including bespoke Bentleys, vintage Rolls-Royce and Jaguar models, as well like Land Rover. Together, the vehicles are worth millions, but the property it is again divided between the private wealth of the Queen and that of the royal firm or institution.

The situation is similar for the Royal Art Collection, which contains thousands of drawings, paintings and photographs, and the Royal Seal Collection. The latter, also known as the Royal Philatelic Collection, is worth up to £100m, The Sun reported. Both traditionally belong to whoever the sitting monarch is, so they were not part of the queen’s private wealth and will now be in the hands of King Charles.

However, what contributed to his personal wealth was his stock market investment strategy. British blue-chip shares were one of his best picks, according to the Sunday Times, but exact numbers are unknown.

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