The key point here is you're referring to the queen's **PERSONAL wealth, which is distinctly different from the royal estates being held in trusts.
I will freely admit that I'm not the most well versed on this topic as I'm not British, but upon a bit of further research I'll clarify where I was wrong.
British royals ARE exempt from the estate tax as well apparently, so I was wrong on that part. However, I was still correct about the trusts. The Duchy of Cornwall and Duchy of Lancaster (The 2 Royal estates from which the lifestyle of the British Royal Family are funded) are held in the types of trusts I mentioned.
The queen did indeed have a personal net worth of 365 million pounds (I'm American, I have a dollar key instead of a pound or Euro key), but the overwhelming majority of the $30 Billion royal estate mentioned in OP's article is held in some form of trust, either the British equivalent of a dynasty trust or a public trust (Which basically means it's treated as a national monument, kind of like the White House).
For example, the previous mentioned Duchies are also mentioned in this article as having a value of $750 Million and $1 Billion respectively. These estates can never be taxed as per the estate tax, since technically, the state owns them and the beneficiary is whoever the current Monarch/Crown Prince/Princess is.
That's how most of the Royal Estate works. Buckingham palace for example, is generally considered to be worth $1-4 Billion by itself, but it's also held in a public trust since it's a national monument with the beneficiary being the reigning monarch.
The key point here is you're referring to the queen's **PERSONAL wealth, which is distinctly different from the royal estates being held in trusts.
I will freely admit that I'm not the most well versed on this topic as I'm not British, but upon a bit of further research I'll clarify where I was wrong.
British royals ARE exempt from the estate tax as well apparently, so I was wrong on that part. However, I was still correct about the trusts. The Duchy of Cornwall and Duchy of Lancaster (The 2 Royal estates from which the lifestyle of the British Royal Family are funded) are held in the types of trusts I mentioned.
The queen did indeed have a personal net worth of 365 million pounds (I'm American, I have a dollar key instead of a pound or Euro key), but the overwhelming majority of the $30 Billion royal estate mentioned in OP's article is held in some form of trust, either the British equivalent of a dynasty trust or a public trust (Which basically means it's treated as a national monument, kind of like the White House).
For example, the previous mentioned Duchies are also mentioned in this article as having a value of $750 Million and $1 Billion respectively. These estates can never be taxed as per the estate tax, since technically, the state owns them and the beneficiary is whoever the current Monarch/Crown Prince/Princess is.
That's how most of the Royal Estate works. Buckingham palace for example, is generally considered to be worth $1-4 Billion by itself, but it's also held in a public trust since it's a national monument with the beneficiary being the reigning monarch.
Good God almighty.