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Wednesday, April 17, 2024

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Prince William Inherits Duke Of Cornwall Title Along With A £1 Billion Estate

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Following the passing away of Britain’s longest-serving monarch and head of state, Queen Elizabeth II, Prince Charles ascends the throne with his first-born Prince William becoming the heir apparent. Prince William thus inherited the titles of the Prince of Wales and the 25th Duke of Cornwall.

William has inherited the estate of Duchy of Cornwall which includes land across 20 counties in England and Wales, stretching from Devon to Kent, and Carmarthenshire to Nottinghamshire, British newspaper Guardian reported.

Most of the estate is reportedly farmland, but it also has homes and commercial properties, forests, rivers, coastline and includes almost a third of the area comprising the Dartmoor national park.

According to the report in the Guardian, some of the estate’s more unusual holdings include the Oval cricket ground in central London, Dartmoor prison, a plant nursery and garden centre at Lostwithiel in Cornwall.

The net assets were valued at more than £1bn at the end of March.

Under Prince Charles’ leadership, the estate’s annual multimillion pound revenue was used to fund his “public, private and charitable activities”, the duchy’s website noted.

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