• The Queen and the coin

queen

News Item: Government ministers and Queen Elizabeth II’s most senior officials have been heavily criticized by a committee of Members of Parliament for allowing historic buildings on the Royal estate to fall into disrepair.

The Queen will be urged to open Buckingham Palace to the public more often in return for millions more pounds from the government to to pay for a backlog of repairs. It now is open only about 60 days a year.

Some of the grandest state rooms at Buckingham Palace have not been redecorated since the Queen came to the throne in 1952. The palace wiring, which should have been replaced 10 years ago, was installed in 1949. The Royal Mausoleum at Frogmore, near Windsor Castle, which houses the tomb of Queen Victoria, has been designated by English Heritage as “at risk” after part of the ceiling fell in. A large stretch of roof at Windsor Castle and at Buckingham Palace also needs replacing.

Royal Tidbits: The queen has an estimated fortune of $571.033 million, according to Forbes magazine. That is her personal wealth and does not include properties held in trust for the nation, such as Buckingham Palace, Windsor Castle, the Crown Jewels, and the Royal Art Collection are excluded. Also not included in the estimate are her privately-owned properties such as Sandringham House, Balmoral Castle, and the Castle of Mey. The worth of Balmoral alone is estimated at $261.8 million. The Crown Estate Lands also are not included in that estimate. They are said to be worth more than $12 billion.

The Queen’s annual income is about $20.45 million from the Duchy of Lancaster, and the income generated from the Crown Estate land, that had belonged to the royal family since 1066, that generated about $180 million a year, out of which about $65.5 million is paid back to the British government to cover the monarchy’s costs. Thus, she makes at minumum $135 million a year.

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About Bill Dowd

Webmaster/social media coordinator for the Southern Rensselaer County NY Rotary Club.

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