While the Queen of England was one of the richest women in the world, she actually didn't have billionaire status. Her fortune only amounted to only $600 million, despite being the caretaker of the Royal Family's vast global assets.
Private estate of the Sovereign
In 2002, she inherited her mother's estate, thought to have been worth £70 million (the equivalent of about £121 million today). Sandringham House and Balmoral Castle are privately owned by the Sovereign.
So what will Prince Harry inherit from Queen Elizabeth? Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
The King has an even bigger personal fortune than Elizabeth II held, according to a list ranking the richest people in Britain. The King's wealth is £600m, nearly double the £370m in assets held by the late Queen last year.
Much of the royal family's expenses are covered by an annual taxpayer-funded payment known as the Sovereign Grant, which in the 2021-2022 financial year was set at 86.3 million pounds ($108m) – roughly 1.29 pounds ($1.61) for every person in the UK.
1. The Royal Family of Saudi Arabia. The royal family of Saudi Arabia is the House of Saud and is undoubtedly the wealthiest royal family in the world. The royal family has been ruling the country since 1744 and is worth $1.4 trillion.
The net worth of the British royal family is estimated at $28 billion (£21.3 billion), according to Forbes. Queen Elizabeth II had a separate personal fortune of $500 million (£380.7 million), inherited by her son King Charles, according to Forbes.
Some casual facts for you: Not only have the Harry Potter books sold more than 500 million copies, but they've also been turned into a massively successful film series and they're the inspiration for three whole amusement parks. So, yeah, J. K. Rowling is rich. In fact, she's richer than the Queen of England.
Places like Buckingham Palace and Windsor Castle are owned by the monarch of the moment because of their position as king or queen, while other properties, like Balmoral and Sandringham House, are personally owned and not publicly funded.
There are three sources of funding for The Queen, or officials of the Royal Household acting on Her Majesty's behalf, in both a public and private capacity. These are: the Sovereign Grant, the Privy Purse and The Queen's personal wealth and income.
Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother. It's unclear if Harry was left any money from his grandmother the late Queen Elizabeth II, whose will is expected to stay sealed for at least 90 years.
According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
Who inherits the Queen's wealth? King Charles is the sole beneficiary of the Queen's wealth, including her £650 million estate. On top of this, she amassed tens of millions of pounds in her own cash and assets, mainly from art and racehorses.
The Queen doesn't normally carry money with her because, let's be real, she doesn't have to. The British government, plus a few of her own private investments, cover the cost of running the British monarchy. But there's one day a week when she makes an exception.
'Who owns the Crown Jewels?'
The Crown Jewels are held in trust by the king or queen for the nation. They are passed to the next monarch on their accession (when they become king or queen).
No. The Crown Estate is not the private property of the King. Our assets are hereditary possessions of the Sovereign held 'in right of the Crown'. This means they belong to the Sovereign for the duration of their reign, but cannot be sold by them, nor do revenues from the assets belong to them.
The Buckingham Palace pool is a favourite feature of the residence for the royals, with many learning to swim in the water. Back in 2014, it was revealed that Princess Kate was taking her one-year-old son Prince George for weekly swimming lessons in the private pool.
The Crown Jewels are considered priceless, due to their historic and cultural value. The has been estimated to be worth anywhere from £3bn-5bn by experts, however they have never been officially valued as the Crown has no intention of selling them off.
1. J.K. Rowling. British author Joanne Rowling, also known as J.K. Rowling, is the richest author in the world with a net worth of $1 billion. Rowling is the author of the hit children's fantasy series "Harry Potter." The seven-volume series sold over 600 million copies and has been translated into 84 languages.
J.K. ROWLING'S WIZARDING WORLD is a trademark of J.K. Rowling and Warner Bros. Entertainment Inc. Materials from the Harry Potter series of films and from the film Fantastic Beasts And Where To Find Them are courtesy of Warner Bros. Entertainment.
From 2018 to 2018, Harry's annual allowance from Duchy, which he shared with Meghan, was £5 million or $6.9 million. This paid for Harry and Meghan's public duties as working members of the royal family, such as wardrobe and travel, as well as private costs.
what was Princess Diana's net worth at the time of her death? Princess Diana's net worth was $25 million, according to Celebrity Net Worth.
So, the bottom line? Yes, Prince Harry could one day be King...but there'd need to be a lot of unfortunate and premature deaths in order for that to happen. And even if it did happen, there's no certainty that the present Duke of Sussex would actually want to take on the role (he could very well choose to abdicate).