Prince Charles' estate has achieved a "record financial performance" over the past year, figures have revealed. The total assets of the Duchy of Cornwall have risen to more than £1.2 billion in 2021/22, a jump of nearly £93 million from the previous 12 months.
The Duchy's main purpose is to provide an income, independent of the monarch, for the heir apparent. Consequently the Prince of Wales is entitled to the Duchy's profits as his yearly private income, which came to £23 million in 2021/22.
The Duchy's figures were published on Thursday, the same day as the Sovereign Grant and Clarence House's. They revealed it experienced a "record financial performance" and a quicker than expected "bounce-bank" from the Covid pandemic.
