The Duchy of Cornwall and Duchy of Lancaster have been making plenty of headlines in recent days thanks to an investigation by the Sunday Times and Channel 4 that exposed some of the Royal Family’s financial dealings.
As the current Prince of Wales, Prince William is the beneficiary of the Duchy of Cornwall, a hereditary estate that was established in 1337 by King Edward III, primarily to provide income for the heir to the British throne. Meanwhile, King Charles, who was the eldest son of Queen Elizabeth II, held the title of Duke of Cornwall until his mother died in 2022. Now, The King profits from the Duchy of Lancaster, a different private estate of property and other assets owned by the monarch and established in 1265.
