As the monarch of the United Kingdom, Queen Elizabeth II is one of the wealthiest people in the world. But what happens to her personal assets when she dies?Image Credit: Google
In theory, the queen's personal property should go to her successor, King Charles III.Image Credit: Google
However, it is likely that some of her assets will be sold off to help pay for the costs of the monarchy.Image Credit: Google
It is estimated that the value of the Queen's personal property is around £10 billion (US$13 billion).Image Credit: Google
In addition to her personal property, the Queen also has a number of official duties and responsibilities, which are funded by the British taxpayer.Image Credit: Google
The cost of the monarchy is around £345 million (US$455 million) per year.Image Credit: Google
This includes the salaries of palace staff, security, travel, and maintenance of royal residences.Image Credit: Google
It is unclear how much of the Queen's personal fortune will go to her successor, but it is unlikely that it will all be passed down intact.Image Credit: Google
The queen is not required to pay taxes on her personal income or property.
However, she does make voluntary contributions to the British government.
In recent years, the queen has been increasingly philanthropic, donating money to a number of charities and causes.
It is possible that she will continue this trend in her later years and use her personal fortune to help others.