The Monarchy Today > Royal finances > Sources of funding

The logo of the Windsor Farm Shop, which opened in 2001 on the Windsor Private Estate
© Press Association

THE QUEEN'S PERSONAL WEALTH

The Queen's personal income, derived from her personal investment portfolio and private estates, is used to meet private expenditure.

As for any individual, The Queen's private funds remain a private matter, but the Lord Chamberlain said in 1993 that estimates of £100 million and upwards were "grossly overstated".

The Windsor Private Estate and Royal Farm do not make any money for The Queen but are a net outgoing.

Ventures such as the Windsor Farm Shop, launched in October 2001, provide employment locally and support the agricultural industry. Any profits from the Farm Shop will be used to support the running of the Royal Farms and Private Estates.

The Queen owns the Balmoral and Sandringham estates, both inherited from her father.

She also owns the stud at Sandringham (with a small amount of land in Hampshire). Her Majesty owns no property outside the United Kingdom.

Estimates of The Queen's wealth often mistakenly include items which are held by The Queen as Sovereign on behalf of the nation and are not her private property.

These include Royal Palaces, most of the art treasures from the Royal Collection, heirlooms in The Queen's jewellery collection and the Crown Jewels.


	The logo of the Windsor Farm Shop, which opened in 2001 on the Windsor Private Estate © Press Association THE QUEEN'S PERSONAL WEALTH The Queen's personal income, derived from her personal investment portfolio and private estates, is used to meet private expenditure. As for any individual, The Queen's private funds remain a private matter, but the Lord Chamberlain said in 1993 that estimates of £100 million and upwards were "grossly overstated". The Windsor Private Estate and Royal Farm do not make any money for The Queen but are a net outgoing. Ventures such as the Windsor Farm Shop, launched in October 2001, provide employment locally and support the agricultural industry. Any profits from the Farm Shop will be used to support the running of the Royal Farms and Private Estates. The Queen owns the Balmoral and Sandringham estates, both inherited from her father. She also owns the stud at Sandringham (with a small amount of land in Hampshire). Her Majesty owns no property outside the United Kingdom. Estimates of The Queen's wealth often mistakenly include items which are held by The Queen as Sovereign on behalf of the nation and are not her private property. These include Royal Palaces, most of the art treasures from the Royal Collection, heirlooms in The Queen's jewellery collection and the Crown Jewels.
	The Queen does not own the Crown Jewels, the Royal Palaces or the art treasures in the Royal Collection. Instead they are held in trust by The Queen for the nation. These are 'inalienable' items held by Her Majesty as Sovereign, rather than as an individual. This means that they cannot be disposed of by The Queen and must pass to her successor as Sovereign. The Queen and some members of the Royal Family past and present have made private collections, such as the stamp collection begun by George V. This is separate to the Royal Collection, although exhibitions and loans of stamps are sometimes made. Balmoral Castle The Queen's private Scottish estate Sandringham Estate The Queen's private Norfolk residence SUGGESTED LINKS Windsor Farm Shop Balmoral Castle Sandringham Estate