3 months ago 22nd Aug 14:00
Britain's Queen Elizabeth is the 12th richest royal in the world.
Despite having an estimated fortune of £349 million, the monarch has slipped one place in the list of super-rich royalty, which was compiled by Forbes magazine.
The queen's wealth was calculated by considering her various private properties - including Balmoral castle in Scotland and the Sandringham Estate in England - fine art, jewellery and her grandfather George V's stamp collection.
She also receives an annual income of around £12.5 million from the Duchy of Lancaster.
The queen's personal wealth has always been vastly exaggerated.
Many of her assets are not personal possessions - Buckingham Palace, Windsor Castle, the Crown Jewels and the Royal Collection are held in trust for the nation.
The Crown Estate - land which has belonged to the royal family since 1066 - generates £110 million a year. The British government is given £40 million of this to cover the monarchy's costs.
A spokeswoman for Buckingham Palace has insisted: "The queen's personal wealth has always been vastly exaggerated."
Your Comments:
by Howeida - 07:30:03 17th Oct 2008
She is Queen Elizabeth rich , the queen for the wared..... and that seat..........