Queen Elizabeth II down to her last million due to overspending

Tuesday, January 28, 2014

According to new reports, the Queen of England is down to her last $1.6m in reserves after royal overspending. She was once the richest woman in the world (in the 80s) and in 2010 Forbes mag estimated her net worth at around $450 million and now she's broke? Nah!! Read the report below..

From Eonline

Perhaps Queen Elizabeth II could learn something from her thrifty granddaughter-in-law Kate Middleton. The 87-year-old monarch has been overspending the royal family's famous fortune, according to a report published by the Commons Public Accounts Committee on Monday, Jan. 27.

Following her courtiers' advice, Her Majesty the Queen's reserve fund has fallen from £35 million ($58 million) in 2001 to just £1 million ($1.6 million) in 2014. The report states the royal family is "spending above their means and dipping into the reserves...the balance now stands at an all-time low." Continue...

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