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7 most expensive things British royals own: From Buckingham Palace to Kohinoor diamond

From expensive and exquisite art collections to the famous Kohinoor diamond, here are 7 most expensive things owned by royal family ahead of King Charles' coronation

BY AMITOJ KAUR

PUBLISHED MAY 2, 2023

The Buckingham Palace and The Royal Crown (@theroyalfamily/Instagram)

LONDON, UK: It is a truth universally accepted and acknowledged that the British royal family is filthy rich. The world long has had a huge fascination with the royal family which was led by Queen Elizabeth II until her death on September 8, 2022.

Now all eyes are on King Charles III, the current reigning monarch in the UK. Charles will be officially crowned as king during a coronation ceremony that will be held at Westminster Abbey on May 6, 2023. Let's have a look at some of the most expensive things owned by the British royal family,

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7 expensive things owned by British royal family

1. Buckingham Palace

A general view of Buckingham Palace on February 20, 2022 in London, England. Buckingham Palace has announced that Queen Elizabeth II has tested positive for COVID-19 and is suffering — A general view of Buckingham Palace on February 20, 2022, in London, England Buckingham Palace (Getty Images)

Buckingham Palace is the most famous and most recognizable palace that the British royal family owns. It was originally built for the Duke of Buckingham in 1703 and acquired by King George III in 1761. It has remained in the royal family ever since. According to Fortune.com, the property is valued at $4.9 billion.

2. The Crown

The Imperial State Crown is seen during the procession for the Lying-in State of Queen Elizabeth II on September 14, 2022 in London, England. Queen Elizabeth II's coffin is taken in procession on a Gun Carriage of The King's Troop Royal Horse Artillery from Buckingham Palace to Westminster Hall where she will lay in state until the early morning of her funeral. Queen Elizabeth II died at Balmoral Castle in Scotland on September 8, 2022, and is succeeded by her eldest son, King Charles III. — (Representation/Getty Images)

It was the crown of Queen Elizabeth, the Queen Mother, who was Elizabeth II's mother. The headpiece contains the famous Koh-i-Noor diamond. It is one of the largest cut diamonds in the world. It was first recorded as being part of the Peacock Chair in the Mughal Empire of India in the 1740s. According to Vogue, it could be worth anywhere between $3.4 to $5.7 billion.

3. Balmoral Castle

A general view of Balmoral Castle as Queen Elizabeth holds a private audience on September 20, 2017 in Aberdeen Scotland. — A general view of Balmoral Castle (Andrew Milligan - WPA Pool/Getty Images)

This is a privately owned residence located in Aberdeenshire, Scotland. It was purchased by Elizabeth II and will now be passed down to Charles III. According to CBS, the property is worth $140 million.

4. The Duchy of Cornwall

The Union flag flies at half mast at The Duchy of Cornwall headquarters at Poundbury, on September 09, 2022 in Dorchester, Dorset. Elizabeth Alexandra Mary Windsor was born in Bruton Street, Mayfair, London on 21 April 1926. She married Prince Philip in 1947 and acceded the throne of the United Kingdom and Commonwealth on 6 February 1952 after the death of her Father, King George VI. Queen Elizabeth II died at Balmoral Castle in Scotland on September 8, 2022, and is succeeded by her eldest son, King Charles III. — The Union flag flies at half mast at The Duchy of Cornwall headquarters at Poundbury, on September 9, 2022, in Dorchester, Dorset (Finnbarr Webster/Getty Images)

The Duchy of Cornwall is around 135,000 acres and was established in 1337 by Edward III for his son Edward Prince of Wales. By tradition, the Duchy of Cornwall has been managed by the Prince of Wales. Charles III made the Duchy of Cornwall particularly profitable, and it generated $26 million in 2021. The entire property is valued at $1.3 billion.

5. Windsor Castle

The Band of the Coldstream Guards (top left), play Happy Birthday to mark the 96th birthday of Queen Elizabeth II, alongside the 1st Battalion of the Coldstream Guards, during Changing the Guard at Windsor Castle on April 21, 2022 in London, England. A Royal Salute will mark the Sovereign's 96th birthday today. 2022 also notes Queen Elizabeth II's accession to the throne. She has become the first British monarch to reach the Platinum Jubilee milestone, an occasion which will be marked by celebrations across the United Kingdom throughout the year. — The Windsor Castle (Representation/Getty Images)

Windsor Castle was the primary residence of Elizabeth II and served as a place of refuge for the royal family during World War II. According to CBSnews.com, it is estimated to be worth around $574 million.

6. Extensive art collection

The art collection owned by the royal family includes Study of Rocks; Creuse by Claude Monet. In 1949, the Queen Mother purchased it for $2,300, and by the time of her death in 2002, it was worth about $17,000. Also, The Monet painting hung in her main residence at Clarence House for several years but is now on display at Buckingham Palace as part of the Royal Collection Trust and is worth millions.

7. A stamp collection

According to CBS News, the monarch also owns a stamp collection called the Royal Philatelic Collection, which is considered one of the finest in the world. It includes rare stamps from Laos, Canada, and other nations and is valued at $125 million.