Inside the Queen's vast fortune as she aids Andrew’s £12m bill
17.02.2022 - 15:59
/ ok.co.uk
The Queen is though to be helping her son, Prince Andrew, foot the whopping £12million settlement bill after he reached an agreement with Virginia Giuffre in her civil suit. And while this won't come as a surprise, with Her Majesty claiming the accolade of wealthiest woman in the world, it has raised questions as to how the Royal Family make their money.
Some members of the monarchy have embarked upon their own careers. Princess Eugenie was promoted to director of art gallery Hauser & Wirth in 2017, while her sister Beatrice is vice president of partnerships and strategy at American software company Afiniti.Their aunt, Zara Tindall, is an Olympic silver medal winner, launched her own equestrian clothing range and now works as the director of Cheltenham Racecourse.
Still, you won’t spot the Queen or Kate Middleton at an office desk. From shockingly expensive stamps to enormous estates, we’ve uncovered how the Firm stays afloat… Sovereign grant Each year, the British government gives Her Majesty a single payment called the Sovereign Grant.
In 2020, it was set at an eye-watering £85.9million - that’s £1.29 per person in the UK.The figure is based on the profits of the Crown Estate - a property business owned by the Queen but run independently ‘for the benefit of the nation’s finances’. Queen’s life in pictures as OK! celebrates her remarkable life and historic 70-year reign View gallery And it’s not the odd flat in London - the estate includes Regent Street in London and the Ascot racecourse in Berkshire.
It’ll be passed to Prince Charles when he becomes King, and the monarch isn’t allowed to sell it or keep any money for themselves. Usually, the Queen gets 15% of the Crown Estate profits (an incredible £345m in the year
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