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$2 per person: How much The Queen is paid

·Personal Finance Editor
·2-min read
The Royal Family including The Queen standing on the balcony watching Trooping the Colour.
The Queen is celebrating 70 years as monarch. (Source: Getty)

Queen Elizabeth II is celebrating 70 years as monarch, but how much does she actually earn for holding the throne?

The Queen receives a yearly sum through what is known as the Sovereign Grant, which is equivalent to £1.29 per person in the UK.

In Aussie dollars, that’s around $2.23 per person, which last financial year amounted to a whopping $148 million.

The grant is determined each year and, like many people around the world, the monarch was not immune to the effects of COVID-19.

Income supplementing the Sovereign Grant fell 53 per cent in the 2019-20 financial year due to the impact of COVID-19 and the ability of the Royal Collection Trust to open the Royal Palaces to visitors.

The money is used to fund official travel, property maintenance and operating costs of The Queen's household.

Billions of dollars in assets

While a $148 million salary would be the envy of just about anyone, The Queen also owns around $38 billion in assets.

The assets include the Crown Estate, as well as Buckingham Palace, the Duchy of Lancaster, the Duchy of Cornwall, Kensington Palace and the Crown Estate Scotland.

The Queen is not entitled to sell any of these assets, unsurprisingly, but the royal family does receive 25 per cent of the profits from the Crown Estate income.

As well as property, The Queen holds a vast jewellery collection.

Officially, the Crown Jewels are considered to be priceless and, shockingly, they are not insured either.

And while there are no official figures for their worth, estimates put the entire collection at $5.5 billion.

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