The Queen could face a future ‘financial crisis’, claims adjuster
The Royal Family are notoriously private when it comes to many of their affairs, ranging from their diet and personal life to their finances. For hundreds of years it has been accepted that members of The company kept their financial records hidden from public view, including how much they paid in taxes and details of their wills. However, now that times are changing, the public is not as supportive of public figures being granted rights as others are not – and that includes the Royals and their finances. Read on to learn more about Queen’s potential financial “crisis” and what we know (and don’t know) about her financial situation.
Royal expert Daniela Elser predicts this will be a “future crisis” for the family as people will expect them to be more transparent. “It boils down to this: The Queen and the Royal Family to this day, receive special treatment from the British government when it comes to things like taxes and their wills, while being allowed to conceal the true extent of their personal wealth. ,” she said Express. “For more than a century, the British have swallowed the near-total blackout when it comes to Windsors and their stuffed wallets, but for how much longer?”
Freedom of Information requests and public records law are two areas from which the family is exempt. However, the Palace argues that it makes up for it with transparency in other financial areas. But the Palace maintains that it provides information as freely as possible in other areas. However, according to Elser “in 2019 there were 3,629 sealed records relating to the Queen and her family, according to a member of the Privy Council”.
“Again, at a time when people not only want but expect much more transparency and openness from public figures, how much longer will Britons accept this injustice of a rule for them/a rule for all the others? Elser asks.
Elser also explains that the Royals get their money from three sources of income: a taxpayer-funded Sovereign Grant, the private estate of the Duchy of Lancaster, and their own personal money. However, things “get really muddy” since no one knows where the personal income is coming from.
“The most recent Sunday Times Rich List put the Queen’s personal wealth at $640m (£370m), the source of which no one really knows. Over the years, we’ve had glimpses inside the bank accounts of various HRH’s that have only raised more questions that the Windsors have never answered,” Elser continued.
Elser also wonders where Fergie gets her money. “Obviously the royal family doesn’t want the world to know how rich they probably are; it’s much harder to prove that you’re working diligently and selflessly for the nation, if it turns out that you have vast investments and enough cash to bail out the Bank of England.” She added that the fortunes of the Queen Mother and Prince Philip were also questionable. When Queen Elizabeth’s husband died in 2021, he is believed to have left behind £32million. “His own parents who lived in France and Greece barely had a penny to rub and his father, Prince Andrew of Greece and Denmark, died almost penniless in Monte Carlo,” she said. . “So, again, how did a man who had no known source of outside income manage to accumulate so much dosh?”