Prince William has been named the new Duke of Cornwall and with it, he has inherited a historic estate valued at more than £1 billion that generates an income of over £22m a year. The role belonged to King Charles III until his ascension, and it automatically passes onto the monarch's eldest son.
In previous years, King Charles, then a prince, had a staggering £22.2million income from the Duchy of Cornwall, but that figure fluctuated and fell by a "significant amount" in some years. Now Prince William will find himself receiving millions of pounds each year from the Duchy of Cornwall, and will have control of its massive portfolio of assets.
