Queen’s property revenues rise 9,200%

Figures released by the Crown Estate, the company that owns the monarch’s land and property in the UK, showed British Queen’s rental property empire has returned a 9,200% increase in revenues over the 6 decades of her reign, reported The Financial Times.

The Crown Estate’s figures for the year to the end of March 2011 showed the Queen’s rental property income stood at £230 million. However, this figure was just £2.5 million in 1952.

The British monarch’s property portfolio includes large swathes of the UK’s beaches and the seabed for 12 miles from shore. However, the portfolio does not include Buckingham Palace and Windsor Castle which are owned by the Queen herself.

Celebrations marking the British Queen’s 60th year on the throne have officially begun in Britain as the country’s anti-monarchy activists have described the Queen’s 60-year reign as “60 inglorious years”.

“The Queen’s reign has been characterised by profligacy, weak leadership and an obstinate refusal to allow scrutiny of her role,” the anti-monarchy campaign group Republic wrote on its official website.

The news about the 9,200% increase in Queen Elizabeth II’s rental property income comes as the Republic accuses her and her family of lobbying government ministers for improvements to their “financial benefits”.

ISH/HE

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