Queen Elizabeth Insiders Reveal Her Frugal Ways Despite Being Worth Half a Billion
Queen Elizabeth may be worth half a billion dollars, but she still knows how to pinch a penny when she needs to. Her Majesty has gained a reputation for being a modest woman over the years, and inside sources recently revealed just how thrifty she can be. While Queen Elizabeth keeps a tight pocketbook, her frugality extends well beyond herself.
Inside Queen Elizabeth’s frugal ways
A royal insider named Angela Kelly, who used to be Her Majesty’s dressmaker, revealed the extent of Elizabeth’s thriftiness in her new book, The Other Side of the Coin: The Queen, the Dresser and the Wardrobe.
According to Express, Kelly claims that Queen Elizabeth has never taken advantage of the royal family’s deep pockets. Although she has access to a palace that features 775 rooms, the head of the British monarchy only lives in six of them.
“Her Majesty is a very modest lady and only occupies a few rooms: her bedroom; her private sitting room; her dressing room and bathroom; the Audience Room, which is where she meets with the Prime Minister and other dignitaries; and the Empire Room, which is a waiting room,” Kelly shared.
Queen Elizabeth’s frugal nature extends into all aspects of her household. Over the years, she has ordered her staffers to use recycle bedsheets and turn her old ones into covers for the cushions.
She also only eats food that is in season to cut down on costs tends to enjoy a simple diet of fish, veggies, and salad. Although she has access to hundreds of millions of dollars, the Queen stays frugal and is still using pans in her kitchen that date from the 1800s. Talk about being disciplined.
Kelly’s claims have been backed up by several people. Joanna Lumley, for example, revealed that Her Majesty uses second-hand items throughout her house and even took public transportation back in the day. Can you imagine if that happened in modern times?
How much is Her Majesty really worth?
Based on her frugalness, it’s hard to think that Queen Elizabeth has a net worth of around $500 million and counting.
Some of this money has been passed down through the royal family, while the rest of it is actually an annual salary she earns through the Duchy of Lancaster and the Crown Estate (which is worth $18 billion on its own).
In 2018, for instance, Queen Elizabeth pulled down over $27 million, some of which goes towards her yearly expenses, such as payroll, housekeeping, and travel. That does not include anything Elizabeth wins from the horse races, which have yet to be calculated.
While some people think the royal family is a burden to British taxpayers, they actually put money back into the economy in 2018.
During Prince Harry and Meghan Markle’s wedding, the U.K. witnessed an increase of close to $1.5 billion, most of which was attributed to the royal ceremony.
The royals may spend a lot of money, but they certainly attract a good share of it as well.
How does Elizabeth rank among the UK’s elite?
Although the Queen has hundreds of millions of dollars at her disposal, she is hardly the richest person in Britain.
When you count the entire world, Her Majesty is not even in the top 2,000 richest people across the globe. She currently ranks at number 2,153 — which isn’t too shabby by anyone else’s standards.
Despite her being in the bottom tier of the world’s wealthiest people, Queen Elizabeth lives like she is a billionaire. Not only does she call several castles her home, but she also owns a jewelry collection that is unrivaled in the world. That’s not even mentioning her extensive wardrobe and her collection of Thoroughbreds.
That said, not everything in Her Majesty’s possession is her own. Although she owns the Sandringham Estate in Norfolk and Balmoral Castle in Scotland, Buckingham Palace is actually under the management of the Crown Estate, as are other valuable assets in the family.
If these places were owned by Queen Elizabeth, she would easily be the richest person in the U.K. with a worth of over $25 billion. And that figure does not include the Royal Collection Trust, which is valued at over a billion dollars — which puts her thriftiness in perspective.