September 7, 2015 / 5:47 PM / 4 years ago

Factbox - A closer look at the British monarchy's wealth

(Reuters) - The British monarchy is wealthier now than at any other point during the long reign of Queen Elizabeth, who on Wednesday will become Britain’s longest serving monarch at 63 years.

Britain's Queen Elizabeth leaves the annual Braemar Highland Gathering in Braemar, Scotland, Britain September 5, 2015. REUTERS/Russell Cheyne

A Reuters estimate of the monarchy’s wealth in 2015 shows it has nominal assets worth 22.8 billion pounds ($34.8 billion) made up of the Crown Estate, the duchies of Lancaster and Cornwall and the Royal Collection.

Following is a summary of the monarchy’s possessions and their finances.

CROWN ESTATE

- An independent commercial property business that, in accordance with the Crown Estate Act, belongs to the monarchy although it cannot sell any of its assets.

- Owns freehold to all of London’s Regent street, along with half the buildings in opulent St James’s area of central London.

- Has rural estates across England, Wales and Scotland - their acreage has risen from 279,000 in 1958 to 340,000 in 2015.

- Through its ownership of the British seabed it plays a key role in Britain’s offshore wind farm industry.

- King George III surrendered the Crown Estate lands to parliament in 1760 in exchange for a fixed annual payment now known as the Sovereign Grant which gives the queen 15 percent of the Crown Estate’s income two years in arrears

ROYAL COLLECTION

- A collection of paintings, antiques and jewellery valued at over 10 billion pounds by art experts.

- Includes the Crown Jewels.

- Earned 48.8 million pounds in admissions revenue over 2015 financial year, all of which was reinvested.

OTHER SOURCES OF WEALTH

- Royal Palaces: Include royal residences such as Buckingham Palace and Windsor Castle. Earned 51.9 million pounds in admissions revenue in 2014.

- The Queen’s private estates of Sandringham and Balmoral.

(Sources: Crown Estate’s, Duchy of Lancaster and Cornwall’s, and British Monarchy’s annual financial reports published online and at the National Archives and British Library.)

Reporting by Angus Berwick; Editing by Mark Heinrich

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