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How rich is Queen Elizabeth?

December 2, 2012 10:05 pm 2 comments Views: 7046

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Author:

Susan Carter

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Name: Elizabeth Alexandra Mary Windsor, Queen Elizabeth II
Born: 21 April 1926
Occupation: Head of the British Monarchy, Head of State for the UK, Head of State for 15 other Commonwealth Realms, Queen of England. Basically rather busy…

Queen Elizabeth II. Photo:NASA / Bill Ingalls.

Queen Elizabeth II during a visit in NASA’s Goddard Space Flight Center. Photo:NASA / Bill Ingalls.

Queen Elizabeth II is the eldest daughter and first child of King George VI and Queen Elizabeth. Born in 1926, Elizabeth spent the first years of her life at 145 Piccadilly (at the time her parents were simply known as the Duke and Duchess of York). Elizabeth was never expected to take the throne, however, in the early demise of her Grandfather, King George V, followed by the abdication of his son King Edward VIII, meant she was now next in line after her father.

Elizabeth married Lieutenant Phillip Mountbatten on 20 November 1947 in Westminster Abbey and took the throne four years later when she was just 25. The young Princess collected clothing coupons to pay for her wedding dress, just as any young bride had to do following the war, and the couple spent their honeymoon in Hampshire and then at Balmoral.

So far, Queen Elizabeth II has ruled successfully for more than five decades and still does so in her 86th year. She has four children, eight grandchildren, and one great-grandchild and holds her family life very important. In fact, she insists that Christmas be spent together at Sandringham Palace in Norfolk each year.

Queen Elizabeth II has always been involved with charity work and currently holds over 600 patronages. She also still upholds the tradition of sending special birthday cards to subjects reaching 100 years of age, and couples celebrating their 60th wedding anniversaries. The Queen is very much a public figure even in her 86th year and is loved by millions the world over.

Although the Queen’s personal fortune has never been disclosed, her net worth is estimated to be around $478,000,000 (300,000,000 GBP). If you take into consideration the assets she holds in trust for the nation, it is closer to $27,000,000,000 (17,000,000,000 GBP).

So how much is $478 million dollars really?

Well, if she wanted a posh London residence she could buy the former residence of Lebanon’s late Prime Minister which has just been put on the market for the same amount of money the Queen has in her personal account. With its seven stories and 45 bedrooms, it covers the area of an international soccer pitch.

If she prefers something a bit more modest, she could buy around 1,790 average sized homes in the UK, rent them for the going rate, and make a profit of around $1,900,000 a month. After all, a queen really should be prudent in her spending.

See also: Kate Middleton, Pippa Middleton.

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2 Comments

Pontefractious

May 18, 2013
4:02 am

“The young Princess collected clothing coupons to pay for her wedding dress, just as any young bride had to do following the war,…..”
I think from the way you put this “coupons to pay for her wedding dress”, you do not understand what the coupons were.They were nothing like today’s coupons where if you collect them you can get x% off the price. In England after the war there were shortages of everything, including materials to make dresses. To make sure that everybody got a fair share, there was a rationing system. Each person was entitled to a certain number of coupons, and you could only buy things (eg candy, or butter or clothing) if together with your money you presented the requisite number of coupons. The coupons had nothing to do with money or the cost of the article you were buying. But if you were buying something like a dress, then that would use a lot of material and you would therefore have to present a lot of coupons – hence the need to save them for the big purchase.

Reply
- Amy Brantley
  
  May 18, 2013
  1:53 pm
  
  Thank you so much for your insightful lesson. I think a number of people don’t realize what these coupons were and how important they were. The rich couldn’t simply buy their way through life. They were treated like everyone else.
  
  Reply

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