Despite being only 11 years old, Prince George is reportedly worth billions of pounds and has inherited a land empire spanning numerous UK counties.The young prince, who celebrates his 11th birthday today (July 22nd), is the second in line to the throne after his father, Prince William, and has an estimated net worth of around £2.9 billion ($3.6 billion), reports Reader's Digest.Prince George's colossal fortune mainly stems from 133,000 acres of land he inherited upon his birth.
This land sprawls across 23 UK counties, with an approximate value of £0.83 billion ($1 billion) as of 2019, according to the Economic Times.The young Royal will inherit the Duchy of Cornwall from his father - a grand portfolio of land and property valued at more than £1 billion.
It also provides substantial yearly income (£21 million currently) for the male successor to the throne. The official website of the Royal Family reveals that the income from the Duchy of Cornwall is deployed by The Prince of Wales to "support himself, his children and their families" alongside his "philanthropic work", reports the Express.
More than £100m is raised annually for various charities through this income and the Prince "voluntarily pays income tax on all revenue" from the estate, according to the website.Prince George will eventually assume the title of King, which comes with financial privileges, including funds from the Duchy of Lancaster (another large collection of land and assets) and the Government's Sovereign Grant.GoodtoKnow has hinted that part of his wealth comes from the so-called "royal effect," where Royal enthusiasts rush to buy anything slightly associated with Prince William and Princess Kate's children, including clothing.A £9 Sunuva T-shirt
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