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Queen Elizabeth has a fortune worth over $500 million - here's where the royal family got their riches

Dec 2, 2017, 19:17 IST

Ben A. Pruchnie / Stringer / Getty Images

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• Most of the British monarchy's wealth is derived from inherited lands and investments.

• British taxpayers also support the royal family through a "sovereign grant" issued by the treasury.

• The royal family has come under fire for money management in the past - along with certain investments that appeared in the Paradise Papers.

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You might say the royal family is old money. Centuries-old money, to be exact.

According to Forbes, Queen Elizabeth II has an estimated private wealth of $530 million. Forbes also reports the British monarchy "contributes nearly £1.8 billion to the UK economy" annually, including £550 million in tourism.

British taxpayers support the family through a "sovereign grant" issued by the treasury. Next year's grant will come out to $104.8 million. That's about 65 pence per year per taxpayer, according to The Boston Globe.

Here's everything you need to know about how the British royal family acquired its millions:

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