The Queen is “wealthier than the palace would like us to believe”, the author of a book has claimed.
While the Queen’s day-to-day expenses are funded by the taxpayer, she and the Royal Family have some level of inherited and established wealth, built up through hundreds of years of tradition and precedent.
Now David McClure, a broadcaster and author who has spent three years investigating how much the Queen could truly be worth, has claimed it is up to £400m – about £50m more than previously believed.
The amount the Queen receives each year from the taxpayer, called the Sovereign Grant, is determined by the value of the Crown Estate, land in England, Wales and Northern Ireland which is owned by the monarch, while they are the monarch.
Separately she has the Duchy of