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The Duchy controls £519 million of net assets and we have now learned some cash has been invested offshore.
Strictly speaking, the Duchy is not owned by Elizabeth II.
It covers more than 18,400 hectares of land in England and Wales, made up of farm land, commercial and residential properties - mostly in Lancashire, Yorkshire, Cheshire, Staffordshire and Lincolnshire - and also limestone and sandstone quarries, and foreshores.
It also has a portfolio of financial investments, including equities, bonds and other investments, currently with a capital valuation of £70.5 million.
The Dover Street fund also invested in Threshers, the chain of wine shops which went bust in 2009 owing £17.5million in tax and costing almost 6,000 workers their jobs.Her offshore investments emerged in a huge data leak of 13.4million confidential documents reveals the cash was secretly funnelled to the Caymans and Bermuda.Dame Margaret said: 'I think the Queen herself would be completely shocked to find her advisers have used tax havens in which to invest their money and that her reputation has been sullied by the actions of the tax advisers'.Dickie Arbiter, the Queen's former press secretary, told Mail Online: 'The Queen’s done nothing wrong and she’s got nothing to apologise for.'The Queen is being knocked to take the heat of others.
The Dover Street fund invested about £3,000 of the Queen's money in Bright House, which has 270 stores.