The Queen makes an absolute mint from racing horses

We all know the Queen loves a punt at the racecourse but it turns out Her Majesty is making a fortune from her horses.

The 91-year-old, who is said to be worth over $550 million, apparently is reeling in the cash from breeding horses and watching them race through the finish line.

In fact, it’s claimed she’s earned a whopping $11.3 million from her horses alone, and in 2016, she pocketed $941,000.

According to the myracing.com, the Queen has won 451 races in the past 29 years, with a winning percentage of 15.9 per cent.

The Queen is also the owner of about $10 billion worth of real estate around the UK, including a very expensive collection of artwork.

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According to Business Insider, the Monarch receives an allowance of about $12.9 million a year from the government.

They also revealed that Kate Middleton's wardrobe and staff costs are covered by Prince Charles’ Duchy of Cornwall fund and her travel costs are often paid for by the countries she visits.

Her husband, Prince William and her brother-in-law, Prince Harry, are said to have inherited $21 million from their mother, Diana’s inheritance, when they turned 30-years-old.

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