Queenly sum: Britain’s Queen Elizabeth II gets raise, to $58 million

Britain’s Queen Elizabeth II is due for a 5 percent salary increase next year, due in part to soaring collections of real estate revenues. Her new estate earnings: a little more than $387 million.

That’s the amount her Crown Estate will receive — though not all goes to her hands, CNN reported. All the profits generated by the estate ultimately go back into public coffers, the Crown Estate said.

But the queen gets a percentage of these profits, a grant from the Treasury that comes out to 15 percent of the profits of the Crown Estate from the previous two years. In dollars and cents, that means the queen’s paycheck next year will hit 38 million pounds — or $58 million.

Real estate isn’t the only moneymaker for the Crown Estate. It gets money from a range of business dealings in the nation, from London retailers to offshore wind farms to rural developments, CNN reported.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks