The Lookout

British royal family worth more than $1 billion, report says

The Lookout

The top members of the British royal family are worth more than $1 billion, with Queen Elizabeth II topping the list at $510 million, according to a recent report.

That tops soccer star David Beckham's net worth, reported to be $260 million.

And is more than the value of the reigning soccer champions of England, Manchester City Football Club,  reportedly worth $443 million.

In honor of the queen's Diamond Jubilee, financial firm Wealth-X calculated the net worth of the top members of the British royal line of succession. The figure does not include the Crown Jewels or the Royal Collection of art.

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Prince Charles, the monarch's son and first in line to the throne, had the second-highest net worth of the family. His worth is estimated at $210 million, according to Wealth-X.

Prince Andrew, who is Charles' brother and was once married to Sarah Ferguson, is worth $75 million, according to the study.

Princes William and Harry, sons of Charles and the late Princess Diana, are worth $19 million and $16 million, respectively.

[Slideshow: Duke and Duchess of Cambridge]

Business Insider reported that Mykolas D. Rambus, CEO of Wealth-X, said, "The fact that the combined wealth of the top 14 members only reached $1 billion reflects what has been suspected for some time: that new wealth is overtaking old wealth in Britain."

In comparison, Wealth-X calculated the net worth of the British Cabinet at $108 million, with Prime Minister David Cameron worth $5.87 million, it was reported in the Telegraph.

Wealth-X bases its worth figures on salaries as well as on declared shares and properties, according to the Telegraph.

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Wealth-X graphic

http://www.telegraph.co.uk/news/politics/9290520/Exclusive-Cabinet-is-worth-70million.html
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