Royals: How Rich Is Rich?

Tuesday February 23, 1999 12:00 AM EST

The July issue of EuroBusiness magazine has ranked Britain's Royal Family as the third-richest in Europe, but Buckingham Palace is saying that the calculations are "overblown." The article puts the Royals in tiny Liechtenstein at the top of the rich list, with $5.2 billion, followed by Luxembourg at $4.8 billion, then Britain at $4.2 billion. The British figure includes the vast properties of the Crown Estate and the Duchy of Cornwall. "These simply cannot be counted as personal assets," said a palace spokeswoman. "The Royal Family gains no personal benefit from the Crown Estate whatsoever and to include it in the calculation is misleading."

  • The queen has said in the past that she regards much of the royal art collection -- valued by the EuroBusiness at $1.5 billion -- as the property of the nation.

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