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The Guardian - UK
The Guardian - UK
National
Felicity Lawrence and Rob Evans

Who owns and profits from the duchies of Lancaster and Cornwall? – timeline

Lancaster Cornwall Queen Victoria Clement Attlee Edmund Edward III Edward VII Edward VIII George III Henry III
Clockwise from front left: Queen Victoria, Clement Attlee, David Cameron and Prince William
Clockwise from front left: Queen Victoria, Clement Attlee, David Cameron and Prince William. Composite: Guardian Design/Alamy/Getty Images/Indigo/PA/AP

The duchies of Lancaster and Cornwall are two vast property empires that generate private income for the monarch and the monarch’s male heir respectively.

The Guardian has revealed how the money drawn from them by Queen Elizabeth II and Prince Charles soared in recent decades: the pair have extracted the equivalent in today’s money of £1.2bn from the estates over the last 70 years.

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