Queen Elizabeth II died Thursday at the age of 96, leaving behind hundreds of millions of personal fortunes she amassed during her lifetime.
With her death, many wondered where her fortune will go. Here’s the answer, and more information on the UK’s longest-reigning monarch
British monarchs are not required to disclose their personal finances, but at the time of the Queen’s death, multiple outlets said her net worth was $500 million.
Some outlets said her value was estimated at £370million or over $420million, which wasn’t quite enough to earn her a spot on the Sunday Times 2022 ‘Rich List’ of Britain’s 250 richest. Celebrity Net Worth claimed she had a net worth of $600 million during her lifetime.
The majority of the Queen’s wealth consists of the Sovereign Grant, according to the South China Morning Post.
Queen Elizabeth II owned Balmoral Castle in Scotland and the Sandringham Estate in Norfolk, England, which she inherited from her father.
She owned a valuable stock portfolio, several works of art, and even a stamp collection.
In comparison, Elizabeth’s late husband, Prince Philip, reportedly left behind a more modest fortune estimated at £10million. His fortune included an art collection with around 3,000 works.
After the Queen’s death, Charles, her eldest son, became king.
King Charles III After the death of his mother, he not only inherited the throne but also her private fortune and, according to the Washington Post, does not have to pay any inheritance tax.
Before ascending the throne, Charles’ net worth was estimated by Celebrity Net Worth to be around $100 million.
Before Charles was proclaimed king, he had served Britain in various capacities. His titles include Prince of Wales, Duke of Cornwall, Duke of Rothesay and Earl of Carrick.
Charles married Diana Spencer in 1982. They then acquired the titles Prince and Princess of Wales. They had two children, Prince William and Harry.
Charles and Diana separated in 1992. In 2005 he married Camilla Parker Bowles, now known as the Duchess of Cornwall.
After Charles ascended, his eldest son William became Prince of Wales, the title reserved for the heir to the throne.
https://www.ibtimes.com.au/who-will-inherit-queen-elizabeth-iis-500-million-fortune-1838192?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Who will inherit Queen Elizabeth II’s $500 million fortune?