To: Eashoa' M'sheekha who wrote (98 ) 3/25/2000 10:38:00 AM From: Eashoa' M'sheekha Read Replies (2) | Respond to of 960
This One Is For Marcos<gggg> Queen's dot.com flutter makes her an internet fortune By Mary Fagan and Andrew alderson THE Queen is to join the ranks of Britain's dot.com millionaires just four months after investing around œ100,000 in an internet company. She invested last November in getmapping.com, a small company creating an aerial map of the entire United Kingdom. When the company floats on the Alternative Investment Market next month it is expected to be valued at œ40 million, increasing the worth of the Queen's three per cent stake to œ1.2 million. However, she is likely to retain her shares rather than cash them in for a quick profit. Sir Michael Peat, the Keeper of the Privy Purse, is believed to have advised the Queen on her investment, although courtiers say she is well aware of the earning potential of new-technology stocks. Lord Fellowes, who until last year was the Queen's private secretary, is a member of the board of getmapping.com. Although Buckingham Palace declined to comment yesterday on the investment, members of the Royal Household say it reflects how shrewd the Queen is with money. In December, she collected her loyalty points on her œ9,000 order for 1,411 Tesco Christmas puddings which she gave as presents to her staff and estate workers. The Queen's personal fortune is currently estimated at œ250 million, of which her investment portfolio accounts for around œ80 million. She owns the royal estates of Balmoral and Sandringham, and the rest of her wealth consists mainly of land, art and jewels. The Queen has been a user of the internet for several years. She was enthusiastic when Buckingham Palace's first web site was set up in March 1997. In her Christmas message to the nation in December - which was also broadcast on the internet - the Queen made references to the importance of modern gadgets and new technology. However, getmapping.com is floating at a time when some City experts believe the internet "bubble" may burst because companies are being overvalued. Getmapping.com refused to comment on any of its shareholders but its web site has already been dedicated to the Queen with her permission. The Queen is believed to have been made aware of the existence of the company when its other main project - creating facsimiles of the Domesday Book - was also dedicated to her. The company, formerly known as the Millennium Mapping Company, is putting all of Britain on a single map made up of more than 50,000 digital photographs taken from the air. When the company's internet site is complete later this year, web users will be able to call up aerial shots of any area by typing a place name or postcode on to the screen. They can zoom in or out and pan around. For a payment, they get a clearer picture down to a scale of 1:1,000. Private individuals can also order maps of a specific area for œ20. In the longer term, getmapping.com will create 3D games using the maps,with the ability to "swoop" around the UK as if in an aircraft.