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Queen's poor showing on the rich list
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THE Queen, once thought to be the richest individual in Britain, is finding it hard to get back into the top 100, having been overtaken by grocers, financiers, a mere duke and even Lord Lloyd Webber.
According to The Sunday Times annual rich list, published on Sunday, the Queen's private assets have increased in the last year from US$275 million to US$300 million, hoisting her one place up the table and putting her on a par with John Palmer, a Tenerife-based timeshare entrepreneur.
The monarch's position at equal 105th on the rich list is not a sign that she is exhausting her fortune in propping up a wayward family no longer supported by the Civil List. It is more that practitioners of the inexact science of guessing other people's wealth stopped counting Buckingham Palace, the Crown Jewels and the Royal Collection of art as her personal property.
In the wealth stakes, new money won through commerce far outstrips old money gained by inheritance.
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