James's Palace has been the setting for some of the most important events in Royal history, having been a residence of Kings and Queens of England for over 300 years until the reign of Queen Victoria.
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Built in the 1530s on the site of a leper hospital, St James's Palace was the favoured residence during Henry's marriage to Anne Boleyn and became the senior Royal Palace after the Palace of Whitehall burnt down in 1698.
Buckingham Palace, £3.9 billion ($4.8bn)Unsurprisingly, Buckingham Palace is the jewel in the crown of the royal portfolio, with an estimated worth of £3.9 billion (4.8bn).
James's Palace remains a busy working palace. The State Apartments are sometimes used for entertaining during in-coming State Visits, as well as for other ceremonial and formal occasions. They host receptions for charities with which members of the Royal Family are involved, numbering approximately 100 in a year.
St.James's Palace is the senior Palace of the Sovereign, with a long history as a Royal residence. As the home of several members of the Royal Family and their household offices, it is often in use for official functions and is not open to the public. St.