Queen raking in cash from Nando’s and McDonald’s by renting out land to them
The Queen has been raking in cash from multiple McDonald's and Nando's branches across the country.
Her Majesty has made rental profits by allowing the restaurants to serve on her land.
In addition to the eight McDonald's branches and seven Nando's, the royals will also be getting cash from Marks & Spencer, Costa, Currys, Tui, Next, Boots, New Look and EE outlets.
A total of 218 brands will be paying rent to the royals which also includes sex toy shop Ann Summers.
The businesses form part of the Queen's £14.1 billion property empire, reports The Sun.
A royal source said: “I doubt the Queen will be visiting any of the McDonald’s and Nando’s branches but her staff most certainly would love to.”
The huge portfolio of brands is handled by Crown Estate – the independent firm pays rent profits to the Treasury after which 25% is returned to the Queen under the Sovereign Grant.
Crown Estate has been approached for comment.
According to the Sunday Times Rich List, the Her Majesty is worth a cool £350million.
On the publication’s list, the Queen is the 372nd wealthiest person in the world.
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As well as collecting income from the government, the Queen also holds several private assets which adds to her wealth.
The Queen and the heir to her throne, Prince Charles, earn most of their money from the government and their private estates.
Queen Elizabeth’s three main sources of income are the Sovereign Grant, the Duchy of Lancaster estate, and her personal investments.
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The Sovereign Grant is an annual lump sum from the government.
This money is meant to cover official expenses, such as travel, security, staff and the upkeep of the Royal palaces.
The Sovereign Grant is generated from the Crown Estate, which is a collection of properties and farms that generate millions of pounds each year.
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