Court owned landed estates according to official government figures. of that was the Emperor's private lands. The total landholdings of the crown estates was . It comprised palace complexes, forest and farm lands and other residential and commercial properties. The total economic value of the Imperial properties was estimated at ¥650 million in 1935 which is approximately US$195 million at prevailing exchange rates and $19.9 billion . Emperor Shōwa's personal fortune was an additional hundreds of millions of yen (estimated over $6 billion ). It included numerous family heirlooms and furnishings, purebred livestock and investments in major Japanese firms, such as the Bank of Japan, other major Japanese banks, the Imperial Hotel and Nippon Yusen. After World War II, all of the 11 collateral branches of the Imperial Family were abolished under the Allied occupation of Japan, and the subsequent constitutional reforms imposed under Allied supervision forced those families to sell their assets to private or government owners. Staff numbers of the Imperial Household Ministry were slashed from roughly 6000 to about 1000. The Imperial Estates and the Emperor's personal fortune (then estimated at $17.15 million in 1946, or roughly $625 million ) were transferred to state or private ownership with the exception of of landholdings. The largest imperial divestments were the former imperial Kiso and Amagi forest lands in Gifu and Shizuoka prefectures, grazing lands for livestock in Hokkaido and a stock farm in the Chiba region. They were all transferred to the Ministry of Agriculture, Forestry and Fisheries. Imperial property holdings were further reduced since 1947 after several handovers to the government. When Emperor Shōwa died, he left a personal fortune of £11 million in 1989. In 2017, Emperor Akihito had an estimated net worth of US$40 million. Property Currently the primary Imperial properties are the Tokyo Imperial Palace and the Kyoto Imperial Palace. The estimated landholdings are . The Tōgū Palace is located in the larger Akasaka Estate where numerous other Imperial Family members reside. There are privately used imperial villas in Hayama, Nasu and the Suzaki Imperial Villa in Shimoda. The Katsura Imperial Villa, Shugakuin Imperial Villa and Sentō Imperial Palace are in Kyoto. There are a number of Imperial farms, residences and game preserves. The Imperial Household Agency administers the Shosoin Imperial Repository in Nara. The Imperial properties are all owned by the State. Budget The Emperor can spend £150 million of public money annually.