Queen Elizabeth II died on Thursday at age 96. She is worth $600 million at the time of her passing.
According to multiple news outlets, her assets include properties she inherited from her father, such as the Balmoral Castle in Scotland and the Sandringham Estate in Norfolk, a valuable stock portfolio, several artworks and a personal collection of jewels. Who will inherit these assets?
Charles III, who became king after her passing, will inherit the bulk of the queen’s private fortune, without paying the inheritance tax, as per Washington Post.
But as for the late royal’s tiaras, royal commentator Josh Rom told New York Post: “It is likely that she would want to pass on items from her private collection to her loved ones.”
“The bulk of the collection will pass to Charles — with Camilla as his queen consort — and then Kate, so they may not be left anything big [in the will],” he added.
Some of the queen’s crowns and brooches and her ceremonial maces and rings form part of the Crown Jewels, displayed at the Tower of London. This collection does not belong to the queen but to the Crown and whoever is the monarch.
There is also the Royal Collection, including most of the royal family’s artworks and their jewels.
The Royal Collection, comprising more than 1 million objects to date, is divided into two portions. The bulk of the items is held in trust by the reigning monarch.
Some form part of the queen’s personal collection — mainly made up of items she inherited or bought herself. Others were gifted by family members as well.
Many of Queen Elizabeth’s recognizable tiaras were reportedly part of her collection. This means she could pass them to whoever she wanted.
Before ascending the throne, Charles’ net worth was estimated to be $100 million by Celebrity Net Worth. The outlet reported that with the queen’s passing, Charles now has a net worth of $600 million.
After Charles ascended, his eldest son William became Prince of Wales – the designation given to the heir to the throne.