How This Monarchy Owns The World | Queen Elizabeth & King Charles |. Today’s video will reveal how this Monarchy created so much wealth. Queen Elizabeth II, who ruled the British Monarchy for over 70 years had built massive wealth and now her wealth and power is transferred to King Charles III. This Monarchy and royal family is the most talked about in the recent weeks due to Queen Elizabeth passing. The Queen Elizabeth funeral was was held at Westminster Abbey. Please watch the entire video to see how this Royal Family owns everything.
Subscribe to my channel #MainStInformant here: [ Ссылка ] to stay up to date on the latest news and events around the world.
The loss of a loved one affects the British royal family in the same way it does any wealthy family. In the midst of mourning, people are asking who inherits the money?
The subject is being posed frequently in light of the passing of Queen Elizabeth II and the accession of King Charles III to the throne.
The royal family receive preferential treatment from the government, in contrast to other wealthy families. Due to a 1993 law, neither Charles nor his siblings will be required to pay inheritance tax on any assets that their mother, the Queen, leaves them. The announcement was made by then-Prime Minister John Major, who said that due to the "unique circumstances of a hereditary monarchy," a royal inheritance simply shouldn't be taxed.
But the question is, how much wealth are we talking about here? How rich is the Royal family?
After a lavish state funeral that featured all the pomp, ceremony, and theatrics the monarchy, military, and state could muster for a global broadcast audience of millions, Queen Elizabeth II was laid to rest next to Prince Philip, her husband of more than 70 years.
The queen's wealth must be estimated from outside sources. Her estimated net worth, according to Forbes, is $500 million (or roughly 430 million British pounds, however we'll use dollars here for ease of discussion). In their list of the richest people in Britain as of 2022, the British Sunday Times valued it at $430 million. McClure calculated it to be $468 million in his 2020 book, "The Queen's True Worth."
In any case, that only represents a small portion of the royal family's wealth. According to the corporate arm of the royal dynasty known as "Monarchy PLC," Forbes pegs its value at $28 billion.
The Crown Estate, a collection of assets that includes pricey London properties valued $19.2 billion, is the family's most spectacular official holding. Although it is technically still under the family's ownership, the British government is in charge and collects the tens of millions of dollars the portfolio brings in annually.
However, via a program known as the "Sovereign Grant," the government returns 25% of the Crown Estate's profits to the royal family; in 2021, the grant was valued at nearly $99 million- money set aside to cover additional costs, such as palace maintenance. The substantial security expenses for the royal family are not covered and are instead paid for out of the British government's treasury.
After his mother, Queen Elizabeth II, passed away on September 8, 2022, Charles succeeded her as the new monarch of the United Kingdom and the 14 Commonwealth states. Charles was the oldest monarch to ascend to the British throne at the time he became king, having served as the heir apparent for the longest period of time in the history of the British royal family. He was 73 years old.
According to Celebrity Net Worth, King Charles has an estimated net worth of $600 million.
The royal family has limited obligations to divulge financial information, and there are few avenues for curious eyes to peep in. Freedom of Information Act requests are not permitted for the family's correspondence with the government. The British National Archives has at least 50 years to keep the contents of its official documents a secret.
Prem Sikka, a British academic who now sits in the House of Lords, has called the family's opaque business dealings "the remnant of a bygone feudal age." Because of the lack of transparency, anti-monarchy groups like the Republic have dubbed the monarchy a "unaccountable public institution that has the power, secrecy , and influence to willfully abuse its position."
Many specifics of the royal family's personal fortune might never be known in the absence of a reform. This video is only one example of how much influence a single family still has over the world today, especially in light of the fact that most of us undoubtedly believe that the monarchy has mostly passed into history.
