THE Queen’s income is set to increase by eight per cent from £76million in 2017-18 to £82.2million the following year.
So how has Her Majesty made her incredible fortune and what’s our head of state’s net worth?
Splash News The Queen’s lavish real estate portfolio and family heirlooms all contribute to her fortune
What is Queen Elizabeth II’s net worth?
Forbes has estimated the Queen’s private net worth at around £415million.
This cash comes mostly from the Duchy of Lancaster which is made up of 18,454 hectares of land in England and Wales.
The Queen is also believed to have her own private investments, jewels, cars, horses and royal and historic items of value.
However, most of the Queen’s household income – covering her personal and family expenses – comes from an annual government grant.
The cash is a small fraction of the profits from the Crown Estate, a vast property empire that belongs to the monarch but whose revenues go to the Treasury.
The Queen also gets to enjoy the assets that are technically attributed to the Crown, including Buckingham Palace.
Alamy Sandringham House, Norfolk – a country retreat of Her Majesty the Queen
How has the Queen made her fortune?
Real estate and land ownership all contribute towards the monarch’s fortune.
Her impressive building portfolio boasts both Sandringham House and Balmoral Castle.
According to Forbes, Lenka Duskova from real estate agency Luxent values these two properties at around £80million combined.
While these estates are the jewels in Her Majesty’s crown, she also holds agricultural land across the nation, as well as lavish buildings in the capital.
Even though she does not personally own the properties controlled by the Crown Estates, 15 per cent of the annual revenue does go towards her own expenses each year.
This Sovereign Grant provides for the upkeep of palaces, household staff, travel and royal functions including garden parties and receptions.
Why is the Queen receiving a £6million pay increase?
AP:Associated Press HRH’s sovereign grant will rise by eight per cent from £76million in 2017-18
The Queen is to get a £6million funding increase thanks to a record performance by the Crown Estate.
It comes after another boost in taxpayer cash to cover the refurbishment of Buckingham Palace.
Increased revenues from the Estate, which owns properties and land across Britain, will see Her Majesty’s sovereign grant rise by eight per cent from £76million in 2017-18 to £82.2million the year after.
The Queen’s funding is based on a percentage of the Estate’s profits, which rose £24million to a record £329million in the financial year 2016-17.