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Queen Elizabeth II to Receive a Raise

5 years ago592 views

GeoBeats

Geo Beats

Queen Elizabeth II will be receiving a 5% raise next year due to record breaking real estate profits.

UK's royal family garners more public interest than any other around the world.

And even a story pertaining to salary raise is sure to draw worldwide attention.

The Queen will be receiving a 5% raise next year due to record breaking real estate profits. The bump means that next year Queen Elizabeth II will receive an annual salary of approximately 58 million dollars.

The Crown Estate, a public body owned by the monarchy that manages investments on their behalf, reported a profit of over $380 million for the last financial year

All of the revenue goes into public coffers, however the queen receives a cut. She is paid a grant each and every year by the treasury equating to about 15 percent of the profits from two years prior.

The Crown Estate rakes in cash from not only real estate, but from local businesses and offshore farms.

As of last year, Queen Elizabeth II’s net worth was estimated to be about $500 million.

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