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Daily Digit: Record profit for Queen's estate

Friday, June 28, 2013 - 01:02

June 28 - £252.6 million is today's daily digit - it's the record profit the group of properties owned by British Queen Elizabeth II made in the year to March. Kirsty Basset reports it's thanks to the strong performance of its central London properties.

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£252.6 million is today's daily digit - that's the profit made by The Crown Estate - a group of properties owned by Britain's Queen Elizabeth II, in a portfolio now thought to be worth more than 8 billion pounds. The estate saw a record profit in the year to March thanks to the strong performance of its central London properties, which include Kensington Palace and Regent Street. From the profit, the Queen will receive a 38 million pound payout for 2014/15. Her salary is mainly used to pay for royal household staff, as well as running costs like laundry, stationery and paying for official functions. The rest of the profit is used to boost the nation's finances, and goes to Britain's finance ministry. The Crown Estate - which also includes offshore wind farms and most of Britain's seabed - belongs to the reigning king or queen of England - with just one catch - it's not allowed to be sold by the monarch.

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Daily Digit: Record profit for Queen's estate

Friday, June 28, 2013 - 01:02