Queen Elizabeth Plans Frugal Holiday Season
No Christmas gifts for the Queen of England? CBS News says that in an effort to show solidarity with the recession-stricken people of her land, Queen Elizabeth II has let it known that she and her husband Prince Philip do not require gifts this year. The Queen has had some financial struggles of her own this year, forced to cut costs and ask for additional money from the British government for the upkeep of the royal castles. According to Forbes, the monarch has a fortune of $450 million which sounds like a lot but that number is down $200 million from recent years.The royal family generally spends Christmas at Sandringham Estate, the Queen's country manor in Norfolk, England, a few days before Christmas. The Royals generally don't splash out on fancy gifts anyway but the Queen is taking extra precautions requesting that any potential gifts be donated to local charities and hospitals instead. The Queen has also been reusing more of her wardrobe and has instructed family members to cut back.
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Reader Comments (Page 1 of 1)
nthn Nov 12th 2009 5:47PM
Yes, $450 million is a lot, but for a royal family? It sounds like a low number when I think of it that way.