The Queen’s fortune has been revealed, with the amount at the time of her death estimated to be around £68.5billion.
The Irish Mirror reported that Her Majesty’s net worth was made up of the royal family’s assets.
However, while the late monarch’s worth was valued in the billions, her personal wealth is thought to be much lower, in the hundreds of millions.
In 2021, Forbes estimated her personal wealth, reported to be comprised of investments, art, jewels and real estate, was around the £430million mark.
However, The Sunday Times rich list estimated her wealth at £370million in 2022.
Yet despite the estimates, the Guardian reported that the Queen’s true net worth has never been disclosed.
The Guardian also reported that the Queen had pressured the government to change the law back in the 1970s, to hide her exact level of wealth from the public.
She cited the reasons as “being embarrassing for the public to know.”
The fortune she leaves behind is due to be passed onto King Charles III, following the Queen’s death on September 8, at Balmoral Castle in Scotland.
The King will allegedly inherit the majority of his mother’s nearly half a billion pound fortune.
In 2017, the royal family were estimated to be worth £68.5 billion, but the wealth is complicated and is spread out between numerous members of The Firm.
Along with the Queen, these members include King Charles and his wife the Queen Consort Camilla the Duchess of Cornwall; Prince William and his wife Kate, the Duchess of Cambridge; Princess Anne, the queen’s daughter; the queen’s youngest son, Prince Edward, and his wife Sophie, the Countess of Wessex, Forbes claims.
It comes after King Charles III has approved a new bank holiday which will go ahead on Monday, September 19, for his late mother’s funeral.
A Government statement said: “Monday 19 September, the date of Her Majesty Queen Elizabeth II’s State Funeral, will be a national bank holiday.
