Queen Elizabeth II Net Worth at Death (Forbes) – Salary, Income, Earnings

Queen Elizabeth II Net Worth

Queen Elizabeth II had an estimated net worth of $550 million at death. Queen Elizabeth II of Great Britain is the longest-reigning monarch in British history. She celebrated 70 years on the throne in June 2022 with her Platinum Jubilee. On 8 September 2022, Queen Elizabeth II, Britain’s longest-serving monarch, died at the age of 96 in Balmoral Castle. 

Queen Elizabeth II was made queen on February 6, 1952, and crowned on June 2, 1953. She is the mother of Prince Charles, heir to the throne, and the grandmother of Princes William and Harry.

As the longest-serving monarch in British history, she has sought to make her reign more modern and responsive to a changing public, without abandoning the traditions associated with the crown.

To calculate the net worth of Queen Elizabeth II, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets.

All debts, such as personal loans and mortgages, are included in total liabilities. 

Here’s the breakdown of her net worth:

Name: Queen Elizabeth II
Net Worth: $550 Million
Monthly Salary: $2 Million
Annual Income: $30 Million
Source of Wealth: Queen

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Early Life

Princess Elizabeth Alexandra Mary was born on April 21, 1926, in London, to Prince Albert, Duke of York (later known as King George VI) and Elizabeth Bowes-Lyon.

Most people did not realize Elizabeth would one day become Queen of Great Britain when she was born. Elizabeth, nicknamed Lilibet, was able to enjoy the first decade of her life with all the perks of a royal without the added pressures of being the heir apparent.

Elizabeth’s father and mother split their time between London and Royal Lodge, the family’s home in Windsor Great Park. Tutors educated Elizabeth and her younger sister Margaret at home. Academic courses included French, mathematics, and history, as well as lessons in dancing, singing, and art.

When World War II broke out in 1939, Elizabeth and her sister were relocated to Windsor Castle and largely stayed out of London.

In 1940, she delivered the first of her famous radio broadcasts, reassuring the children of Britain who had been evacuated from their homes and families. The 14-year-old princess assured them that “in the end, everything will be well; for God will care for us and give us victory and peace.”

Elizabeth soon began to take on additional public responsibilities. Elizabeth made her first public appearance inspecting troops in 1942, after her father appointed her colonel-in-chief of the Grenadier Guards. She also began accompanying her parents on official visits within the United Kingdom.

Elizabeth joined the Auxiliary Territorial Service in 1945 to help with the war effort. She studied alongside other British women to become an expert driver and mechanic.

While her volunteer work was only a few months long, it provided Elizabeth with a glimpse into a different, non-royal world. Outside of the monarchy, she had another vivid experience when she and Margaret were allowed to mingle anonymously among the citizens on Victory in Europe Day.

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Ascension to the Crown

When Elizabeth’s grandfather, George V, died in 1936, his eldest son, King Edward VIII (Elizabeth’s uncle), succeeded him. Edward, on the other hand, was madly in love with American divorcee Wallis Simpson and had to choose between the crown and his heart. Finally, Edward chose Simpson and abdicated the throne.

The event altered the course of her life, making her the presumed heir to the British throne.

In 1937, her father was crowned King George VI, adopting the name George to emphasize continuity with his father. When King George died in 1952, her mother became Queen Elizabeth, and her daughter became Queen Elizabeth II.

Coronation

At the age of 25, Elizabeth was crowned Queen Elizabeth II on June 2, 1953, in Westminster Abbey.

When her father, King George VI, died on February 6, 1952, Elizabeth took over as the reigning monarch. For the first time, the coronation ceremony was broadcast live on television, allowing people all over the world to witness the pomp and spectacle.

Husband Prince Philip

On November 20, 1947, Elizabeth married her distant cousin Philip Mountbatten (a surname adopted from his mother’s side) at Westminster Abbey in London.

When Elizabeth was 13, she met Philip, son of Prince Andrew of Greece. She was instantly taken with him. They remained in contact over the years and eventually fell in love.

They made an unusual couple. Elizabeth was reserved and quiet, whereas Philip was boisterous and outspoken. Her father, King George VI, was hesitant about the marriage because, while Mountbatten had ties to both the Danish and Greek royal families, he was not wealthy and was thought to have a rough personality by some.

At the time of their wedding, the United Kingdom was still reeling from the devastation of World War II, and Elizabeth used clothing coupons to purchase fabric for her gown.

Her mother and Prime Minister Winston Churchill pushed for the family to adopt the surname Windsor, which caused friction with her husband.

She reversed course in 1960, issuing orders requiring her descendants who did not have royal titles (or who needed last names for legal purposes such as weddings) to use the surname Mountbatten-Windsor. Philip’s off-the-cuff, controversial comments and rumors of possible infidelities have caused numerous public relations headaches over the years.

Philip died on April 9, 2021, at the age of 99.

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Children

Elizabeth and Philip didn’t waste any time in having a child: son Charles was born the year after their wedding, in 1948, and daughter Anne was born in 1950. Elizabeth gave birth to two more sons, Andrew and Edward, in 1960 and 1964, respectively.

In 1969, she formally designated Charles as her successor by bestowing the title of Prince of Wales on him. Hundreds of millions of people watched the ceremony live on television.

Charles, 32, married Diana Spencer (better known as Princess Diana) in 1981, despite rumors that he was pressured into the marriage by his family. The wedding drew huge crowds in London’s streets, and millions watched the proceedings on television. At the time, public opinion was particularly favorable to the monarchy.

Grandchildren and Great-Grandchildren

In 1982, Charles and Diana gave birth to Elizabeth’s grandchildren, Prince William, who was created Duke of Cambridge upon his own marriage in 2011, second-in-line to the throne, and Prince Harry. Elizabeth has emerged as William and Harry’s devoted grandmother. She provided invaluable support and guidance to Prince William and Kate Middleton as they planned their wedding in 2011.

Elizabeth’s grandson William and his wife Catherine, the Duchess of Cambridge, welcomed their first child, George Alexander Louis — an heir to the throne known officially as “His Royal Highness Prince George of Cambridge,” on July 22, 2013.

Princess Charlotte Elizabeth Diana, the queen’s fifth great-grandchild, was born on May 2, 2015, to William and Kate. They welcomed their third child, Prince Louis Arthur Charles, on April 23, 2018.

With the birth of their son, Archie Harrison Mountbatten-Windsor, on May 6, 2019, Prince Harry, Duke of Sussex and his wife, Meghan Markle, gave the queen another great-grandchild.

The queen’s other grandchildren include Peter Phillips, Princess Beatrice of York, Princess Eugenie of York, Zara Tindall, Lady Louise Windsor, and James, Viscount Severn, in addition to Prince William and Prince Harry. She also has ten great-grandchildren.

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Family Tree

The Duke and Duchess of York were Elizabeth II’s father and mother. Her father, Prince Albert, Duke of York, was Queen Mary’s and King George V’s second son. Lady Elizabeth Bowes-Lyon was her mother.

Elizabeth has relationships with the majority of Europe’s monarchs. Queen Victoria (reigned 1837–1901) and King George III are among her British ancestors (ruled 1760 to 1820).

Reign

Elizabeth’s long, mostly peaceful reign has seen vast changes in her people’s lives, in her country’s power, in how Britain is perceived abroad, and in how the monarchy is regarded and portrayed. As a constitutional monarch, Elizabeth does not comment on political issues or reveal her political views. She does, however, meet with her prime ministers on a regular basis.

When Elizabeth became queen, the United Kingdom still had a sizable empire, dominions, and dependencies. However, many of these possessions gained independence during the 1950s and 1960s, and the British Empire evolved into the Commonwealth of Nations. As head of the Commonwealth and a representative of the United Kingdom, Elizabeth II has traveled to other countries, including a historic trip to Germany in 1965. She was the first British monarch to visit the country in more than five decades.

Elizabeth continued to travel extensively during the 1970s and 1980s. In 1973, she attended the Commonwealth Conference in Ottawa, Canada, and in 1976, she traveled to the United States to commemorate America’s 200th anniversary of independence from Britain. She arrived in Montreal, Canada, more than a week later, to kick off the Summer Olympics. She visited Kuwait, Bahrain, Saudi Arabia, Qatar, the United Arab Emirates, and Oman in 1979, garnering international attention and widespread respect.

Elizabeth was concerned about her second son, Prince Andrew, who was a helicopter pilot in the British Royal Navy during the Falkland War in 1982. Britain and Argentina went to war over the Falkland Islands, which lasted several weeks. Despite the fact that over 250 British soldiers were killed in the conflict, Prince Andrew returned home safe and sound, much to his mother’s relief.

When Elizabeth became the first British monarch to visit the Republic of Ireland since 1911, she demonstrated that the crown still wielded symbolic and diplomatic power (when all of Ireland was still part of the United Kingdom).

Elizabeth has modernized the monarchy as queen, removing some of its formalities and making certain sites and treasures more accessible to the public. As Britain and other nations struggled financially, the Civil List, a public funding system of the monarchy dating back roughly 250 years, was abolished in 2012. The royal family continues to receive government assistance, but the queen has had to reduce spending.

Despite occasional requests to step aside for Charles, Elizabeth remained committed to her royal duties as she approached her 90th birthday. She continued to make over 400 appearances per year, supporting hundreds of charitable organizations and programs.

However, the monarchy took a significant step toward transitioning to the next generation in late 2017: on November 12, Charles performed the traditional Remembrance Sunday duty of placing a wreath at the Cenotaph war memorial, while the queen watched from a nearby balcony.

Elizabeth made a rare political intervention in August 2019, agreeing to Prime Minister Boris Johnson’s request to prorogue (suspend) Parliament until October 14, less than three weeks before Britain’s planned exit from the European Union.

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Relationship With Prime Ministers

During Elizabeth’s reign, 14 prime ministers have been appointed, with the queen and PM meeting weekly in private. (Elizabeth has also met roughly one-quarter of all U.S. presidents, most recently welcoming Donald Trump for a state visit in June 2019.)

She had a father-figure relationship with Winston Churchill and was later able to relax and be more casual with Labour leaders Harold Wilson and James Callaghan. In contrast, she and Margaret Thatcher had a very formal, distant relationship, with the PM frequently lecturing the queen on various issues.

Tony Blair considered certain monarchy concepts to be somewhat outdated, though he did appreciate Elizabeth making a public statement following Diana’s death.

Later, David Cameron, Elizabeth’s fifth cousin once removed, enjoyed a warm relationship with the queen. In 2014, he apologized for revealing in a conversation that she was opposed to Scotland’s referendum on independence from the United Kingdom.

Theresa May has been described as being tight-lipped about Brexit plans to exit the European Union, with rumors circulating that Elizabeth is upset about not being informed about future exit strategies.

Threats to Queen Elizabeth and the Royal Family

Elizabeth has worked tirelessly to protect the monarchy’s image and to plan for its future. However, she has witnessed the monarchy under attack during her lifetime. The once-revered institution has been buffeted by a series of storms, including death threats against the royal family.

Elizabeth suffered a significant personal loss in 1979 when Lord Mountbatten, her husband’s uncle, was killed in a terrorist bombing. Mountbatten and several members of his family were aboard his boat when it exploded off the west coast of Ireland on August 27th. He and three others were killed, including one of his grandchildren. The attack was claimed by the IRA (Irish Republican Army), which opposed British rule in Northern Ireland.

Elizabeth herself had a dangerous encounter in June 1981. She was riding in Trooping the Colour, a special military parade honoring her official birthday, when a man in the crowd pointed a gun at her. He shot, but luckily the gun was loaded with blanks. The queen was not harmed other than a good scare.

The following year, Elizabeth was confronted in her bedroom by an intruder who had broken into Buckingham Palace. When the press learned that Prince Philip was nowhere to be found during this incident, they speculated about the royal marriage’s state.

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Tabloid Scandals

The marriage of Elizabeth’s son, Charles, to Diana made headlines for years before the couple announced their divorce in 1996. Following Diana’s death in a car accident in Paris on August 31, 1997, Elizabeth faced intense media scrutiny. Her ex-daughter-in-law had earned the moniker “People’s Princess.”

The queen was at her Balmoral estate in Scotland at the time, along with Charles and his and Diana’s two sons, Prince William and Prince Harry. For days, Elizabeth remained silent as the country mourned Diana’s death, and she was heavily chastised for her silence.

Rumors circulated that the queen did not want to give Diana a royal funeral, fueling public resentment of the monarch. Elizabeth returned to London nearly a week after Diana’s death and issued a statement about the late princess.

Elizabeth was also initially opposed to her son Charles’s relationship with Camilla Parker Bowles. Charles and Camilla dated for years before he met his family, but the relationship ended due to family pressure, only to be rekindled during Charles and Diana’s marriage. She was known to be a stickler for ceremony and tradition, but she gradually began to soften her stance over time. When Charles and Camilla married in 2005, Elizabeth and Prince Philip did not attend the civil ceremony but instead attended a religious blessing and a reception at Windsor Castle in their honor.

Another of Elizabeth’s children, Prince Andrew, made headlines in 1992 after photos emerged of him and his wife, Sarah Ferguson, engaging in romantic activity.

Soon after, the couple divorced.

The queen was reported to have $13 million in offshore accounts in November 2017. The announcement came after the so-called “Paradise Papers” were leaked to a German newspaper, which then shared the documents with the International Consortium of Investigative Journalists.

The Duchy of Lancaster, which manages the queen’s assets, confirmed that some of its investments were in foreign accounts but insisted that they were all legitimate.

In 2017, the former owner of the lingerie company Rigby & Peller, which had served Elizabeth for more than 50 years, published a tell-all autobiography that detailed some of her interactions with the royal family. Despite the author’s assurances that “the book contains nothing naughty,” the queen revoked Rigby & Peller’s royal warrant in early 2018.

Following years of controversy surrounding his controversial business ventures and friendship with convicted sex offender Jeffrey Epstein, Prince Andrew was forced to step down from public duties in 2019.

Just weeks later, in January 2020, the family was thrust back into the spotlight following the Duke and Duchess of Sussex’s surprise decision to step down as senior royals.

Personal Losses

Elizabeth suffered two major losses after the turn of the century. In 2002, the same year she celebrated her Golden Jubilee, or 50th year on the throne, she said goodbye to both her sister Margaret and her mother.

Margaret, who was known for having a more adventurous spirit than other royals and who was barred from marrying an early love, died in February of a stroke. Only a few weeks later, Elizabeth’s mother, known as the Queen Mother, died on March 30th at the age of 101 at Royal Lodge.

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Diamond Jubilee

In 2012, Elizabeth celebrated her Diamond Jubilee, marking 60 years as Queen. Shirley Bassey, Paul McCartney, Tom Jones, Stevie Wonder, and Kylie Minogue performed at a special BBC concert on June 4th as part of the jubilee celebrations. At this historic event, Elizabeth was surrounded by family members, including her husband Philip, son Charles, and grandsons Harry and William.

She surpassed her great-great-grandmother Queen Victoria, who reigned for 63 years, as Britain’s longest-ruling monarch on September 9, 2015.

Sapphire Jubilee

The queen celebrated her Sapphire Jubilee on February 6, 2017, making her the only British monarch to do so. This is also the anniversary of her father’s death. The queen chose to spend the day quietly at her country estate north of London, Sandringham, where she attended a church service.

To commemorate the occasion, royal gun salutes were fired at Green Park and the Tower of London. In addition, the Royal Mint released eight new commemorative coins in celebration of the Queen’s Sapphire Jubilee.

Hobbies

The queen has spent much of her life surrounded by dogs. She is best known for her love of corgis, having owned more than 30 descendants of the first corgi she received as a teen until the death of the last one, Willow, in 2018.

Elizabeth is also a horse enthusiast who has spent many years bred thoroughbreds and attending racing events.

Elizabeth prefers quiet pastimes and avoids the limelight. She reportedly enjoys reading mysteries, doing crossword puzzles, and even watching wrestling on television.

Death & Legacy

On September 8, 2022, Buckingham Palace announced that the Queen had died peacefully at Balmoral Castle, her estate in the Scottish Highlands, at the age of 96. Her son became the new British monarch, King Charles III.

“The death of my beloved Mother, Her Majesty The Queen, is a moment of the greatest sadness for me and all members of my family,” said the new king, her eldest son Charles.

News that the Queen’s health was deteriorating broke shortly after noon on Thursday, when her doctors announced that she was under medical supervision, after which her family rushed to Scotland to be by her side.

Thousands gathered outside Buckingham Palace in central London, and the flag was lowered to half-mast amid stunned silence. Crowds flocked to the gates as word of the death of Britain’s only monarch was posted on the black iron gates.

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