Who Were Elizabeth and Philip
Elizabeth II was Queen of the United Kingdom and other Commonwealth realms from 1952 until her death in 2022. Philip, Duke of Edinburgh, was her husband and consort from their marriage in 1947 until his death in 2021.
Public and Private Finances
The Sovereign Grant funds official duties, travel, and upkeep of royal palaces used for state work. It is paid from a percentage of the Crown Estate’s profits and is publicly reported each year. For details, see the official Royal Household financial overview at https://www.royal.uk.
Elizabeth and Philip also held private assets, including the Duchy of Lancaster and the Duchy of Cornwall, which provide income for the monarch and heir. Their personal wealth included investments, art, and property managed through trusts and private companies.
Estate Planning and Inheritance
Upon the Queen’s death, her personal estate passed under the terms of her will and long-standing arrangements for the monarchy. The Crown Estate, the Duchy of Lancaster, and many artworks and collections remain held in trust for the nation, separate from private inheritance.
