Charles III’s legacy: What treasures did Elizabeth II leave him? – World – Bulgaria

Charles III’s legacy: What treasures did Elizabeth II leave him? – World – Bulgaria
Charles III’s legacy: What treasures did Elizabeth II leave him? – World – Bulgaria

Queen Elizabeth II leaves an inheritance of half a billion dollars and a large collection of personal jewelry. Her Majesty’s personal fortune will be inherited by the new King Charles III when he is crowned in a year’s time.

The question of inheritance actually has quite a lot of conventions. A large part of what is considered her property belongs to the so-called Royal Company, a $28 billion empire that members of the British royal family such as King George VI and Prince Philip once referred to as “the family business.”

The Queen received income through the Sovereign Grant, a government fund that finances the activities of the Royal Family. It was established by agreement of King George III to provide a fixed annual payment for him and future generations of the royal family. The amount of this grant was set at over £86m in 2021 and 2022. These funds are allocated to official travel, property maintenance, operational costs and Buckingham Palace expenses. It includes senior members of the family who are also public figures of Windsor. At the head is Queen Elizabeth II, and below her there is a strict hierarchy that follows the hereditary line. Together they run a global business empire that injects hundreds of millions of pounds into the UK economy every year. As of 2021, the monarchy actually owns approximately $28 billion in real estate assets, which however cannot be sold, according to Forbes magazine.

The Queen rules lands and dominions that belong to the British monarchy. The origin of the majority of its possessions is from the property of the British Crown (The Crown Estate). The institution annually earns about 400 million dollars, including income of more than 260 thousand dollars from land and buildings in the center of London, for example. Buckingham Palace is also owned by the reigning monarchy, but is not the Queen’s personal property. This money usually goes towards financing her various events, including garden parties, receptions and travel expenses. In June, The Crown Estate announced a net profit of $312.7 million for the 2021-2022 financial year, up $43 million on the previous year.

The Queen rules lands and dominions that belong to the British monarchy. The origin of the majority of its possessions is from the property of the British Crown (The Crown Estate). The institution annually earns about 400 million dollars, including income of more than 260 thousand dollars from land and buildings in the center of London, for example. Buckingham Palace is also owned by the reigning monarchy, but is not the Queen’s personal property. This money usually goes towards financing her various events, including garden parties, receptions and travel expenses. In June, The Crown Estate announced a net profit of $312.7 million for the 2021-2022 financial year, up $43 million on the previous year.

The Queen has amassed more than $500 million in personal assets, largely thanks to her investments, art collection, jewelry and real estate, which includes Sandrigham Estate and Balmoral Castle, according to Business Insider. Both were inherited from her father and are her homes, although they are sometimes open to visitors.

Elizabeth also has a valuable stamp collection, numerous artworks and a stock portfolio. Many of the Queen’s famous gems and jewels and the works of art in question are actually owned by the Royal Collection Trust.

Her Majesty also inherited nearly $70 million from the Queen Mother when she died in 2002, including investments in paintings, a stamp collection, jewelry, horses and more. Interestingly, Elizabeth II also made money from horse racing. Over the years, she has earned nearly $9.2 million in prize money. Her racehorses have won 451 victories. Most of her personal assets would be inherited by Charles III.

British society is also excited about who will inherit Elizabeth II’s jewels, given that she had one of the world’s finest private jewelry collections. The monarch had about 50 tiaras. There are two types of royal jewelery collections – one is the British Crown Jewels and the other is the Queen’s personal collection. Some of the jewelry is even on display in the Tower of London. Elizabeth II’s personal collection consists mostly of jewelry that she has inherited from family members or purchased herself. The majority of the Queen’s tiaras are believed to be from her personal collection, so in theory she could gift them to whomever she wished. “She would probably want to pass down items from her personal collection to her loved ones,” royal commentator Josh Rohm told The New York Post. Rom stressed that the bulk of her collection would automatically be passed on to Charles and Camilla, and then to Kate. It is not yet clear exactly who each of Elizabeth II’s jewels will go to, but it is believed that she has already distributed them to her closest family members.

Among the members who would inherit jewels from the Queen are Princesses Anne (daughter of Elizabeth II) and Sophie (wife of the Queen’s son Edward), Kate Middleton (wife of William), Princesses Eugenie and Beatrice (daughter of the Queen’s son Andrew) and Zara Tyndall (daughter of Anne).

Some of the tiaras worn by the Queen during her reign are the Imperial State Crown, the Grand Duchess Vladimir Tiara, the Burmese Ruby Tiara, Queen Mary’s Girls of Great Britain and Ireland Tiara, Queen Mary’s Fringe Tiara, the the Cambridge Lovers’ Knot, Queen Mary’s Bandeau Tiara, the Cartier Halo Tiara, the Delhi Durbar Tiara, the Brazilian Aquamarine Tiara and the Greville Emerald Kokoshnik Tiara.

Source: Plovdiv Press


The article is in bulgaria

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