Prince William Inherits Ancient Estate Worth $1 Billion Following Death of Queen Elizabeth
etonline.comPrince William has a pricey new property. While much about the royals' wealth remains shrouded in secrecy, financial experts have pieced together estimates of their fortunes based on well-documented accounts of their personal collections and inherited properties.
And though royal wills are never made public, the changing of royal titles and transition of assets does hold a long-running precedent.
Now, in the wake of Queen Elizabeth II's death, CNN Business reports that William — who is now first in line to the throne, currently holding the formal title of the Duke of Cornwall and Cambridge and eventually becoming the Prince of Wales — inherits the private Duchy of Cornwall estate from his father, King Charles III.Created in 1337 by King Edward III, the estate is said to be worth around £1 billion ($1.2 billion), per financial accounts from the last year.
The Duchy of Cornwall encompasses a generous portfolio of land and property, including almost 140,000 acres in southwest England.
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