The Cost Of The UK’s Monarchy

…is apparently negative 160 million pounds or so.

I thought these were interesting enough to post and I feel like I need to post occasionally!

Via comment by The Tory on Takimag

Here is the annual report for the Crown Estate for 2012. Net profits were 240.2 million which all go to Parliament and out of which comes the royal family’s 40 million in living expenses.

‘Under a deal introduced by Chancellor George Osborne in 2012, the first payout started at £31million, rose to £36million last year and will be £38million next year. The £40million Sovereign Grant will be paid in 2016.

According to detailed annual accounts published by Buckingham Palace today the Queen’s spending increased by £2.4million last year.

She used much of her money to cover staff wages, utility bills, laundry and the cost of official functions – including a £1.3million food tab.

But she also had to foot a £13.3million bill for the upkeep of her crumbling royal homes, including £3.4million to refurbish Kensington Palace ready for the Duke and Duchess of Cambridge to move in with Prince George. The total renovation bill for the 20-room apartment stands at £4.5million.’

The Queen is the largest landowner in the world owning 6.6 million acres, almost 1/6 of the world’s land.

The value of her land holding. £17,600,000,000,000 (approx).

This makes her the richest individual on earth. However, there is no way easily to value her real estate. There is no current market in the land of entire countries. At a rough estimate of $5,000 an acre, and based on the sale of Alaska to the USA by the Tsar, and of Louisiana to the USA by France, the Queen’s land holding is worth a notional $33,000,000,000,000 (Thirty three trillion dollars or about £17,600,000,000,000). Her holding is based on the laws of the countries she owns and her land title is valid in all the countries she owns. Her main holdings are Canada, the 2nd largest country on earth, with 2,467 million acres, Australia, the 7th largest country on earth with 1,900 million acres, the Papua New Guinea with114 million acres, New Zealand with 66 million acres and the UK with 60 million acres.’

Here’s a light hearted video

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