The recent Paradise Papers gave us a glimpse of the millions the Queen has invested overseas and now David McClure investigates the source of her private wealth – and the real reason she placed it offshore - in his new book “The Queen’s True Worth.”
He uncovers how through hard-nosed city management her private estate the Duchy of Lancaster has become the mainspring of her money with profits now £16m higher than when she came to the throne. He also shows that the estate is not actually private since its income has long been used to top up the public funding of the monarchy and its capital can never be privately sold off.
Drawing on recently-unearthed state papers and interviews with palace insiders, the book is full of fascinating new insights into the Queen’s finances – from how the Treasury considered moving her out of Windsor Castle to make it a museum to why another of her residences has just been placed in a commercial trust.
David McClure is a television producer and freelance writer and journalist. He has worked for Reuters, BBC News and Thames Television and made current affairs programmes for Channel 4 and Sky News. He was also written for The Sunday Times and The Guardian and is currently developing a documentary on the royal finances.
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