It was Queen Elizabeth’s 90th birthday yesterday. Think that number is incredible? How about this: according to a recent report, the value of the British monarchy stands at around $84 billion. Better yet, through areas like tourism and business, it’s estimated that the royal family contributed more than a billion pounds to the British economy. Here’s more:
- The report didn’t just account for royal family income sources, such as the surplus generated by the Crown Estate, uplift to tourism and the fees that go along with brands that use royal warrants. It deducted expenses as well, such as palace maintenance, security and the queen’s public income.
- Both tangible and intangible assets were included in the 58.4 billion pound valuation. Tangible assets (21 billion pounds) included the Crown estate, the Royal Collection treasure trove and many other private estates. Intangible assets (37.4 billion pounds) mostly included the monarchy’s long-term contribution to the economy.
- As is often the case with monarchy, not everyone is a fan. The campaign group Republic calculated that each royal family member costs the British taxpayers an average of 18.5 million pounds, making them the most expensive public officials in the country.
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