Editor’s Notes | July 4, 2019 | by Meghanpedia What is the Crown Estate and how does it work? The Queen owns a bulk of property that is managed by the Crown Estate. The Crown Estate is an independent real estate business that returns all of its profits to the Treasury. Per the Sovereign Grant, the Crown Estate grants the Queen 15% of the profits made from lands which the royal family has owned for centuries. Does that sound like “taxpayer’s money”?