Britain's Queen Elizabeth had around $13m invested offshore, according to leaked documents.
It's one of a number of revelations from a huge leak of financial information, dubbed the Paradise Papers.
The Duchy of Lancaster, which provides the Queen with an income, says all of its investments are 'fully audited and legitimate'.
But the Queen is facing pressure to end any offshore investments being made on her behalf.
The Paradise Papers contain details about the tax and investment strategies of wealthy individuals.
Will Fitzgibbon is senior reporter at the International Consortium of Investigative Journalists.
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Author David McClure writes about royal finances.
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