It spans over 18,000 hectares of land and raked in about 23 million pounds in 2020. This means that even if there is a fall in the revenues from Crown Estate, which is on the scene given how the pandemic has affected travel and tourism, the Queen will continue to receive the grant, undiminished in value.Īpart from this, the Queen also earns money from her private estate of The Duchy of Lancaster. Notably, the core sovereign grant is decided on the basis of 15 percent of the net surplus from the income account of the Crown Estate, two years previous. The Sovereign Grant, known as the Civil List till 2010, is actually a formal agreement between the government and King George 3, who, in 1730, agreed to give his income from Crown Estate in exchange for receiving an annual payout for him and his successors.Īccording to the disclosures made, the estate surplus for 2018-19 stood at 343.5 million pounds. Meghan and Harry welcome second child, Lilibet 'Lili' Diana Unlocking opportunities in Metal and Mining.Sustainability 100+ Pharma Industry Conclave. ![]() Headwinds and Tailwinds Hitachi Social Innovation.Life Insurance Made Simple Future Of Mobility.Interview Series Business In The Week Ahead.
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