Prince George's journey towards this wealth began at his birth on July 22, 2013, at St Mary's Hospital in Paddington, London. At that moment, he inherited a vast expanse of land spanning 133,000 hectares across 23 counties in England. The estimated value of this land was £830 million in 2019, according to the Economic Times' calculations.
Under British law, the eldest son of the monarch inherits the Duchy of Cornwall. Prince William will receive the income from it immediately, but it will ultimately be passed on to his own eldest son. Furthermore, the eldest son of the Prince of Wales becomes eligible for funding from the Duchy of Lancaster and a sovereign grant from the government.
The Duchy of Lancaster, established in the 13th century, comprises a unique portfolio of properties and assets held in trust. It is a private estate currently held by His Majesty the King. The property includes commercial, agricultural, and residential properties spread over 44,748 hectares of land in England and Wales, with a majority located in Lancashire, Yorkshire, Cheshire, Staffordshire, and Lincolnshire.
While the exact wealth of the British Royal Family remains undisclosed, Forbes estimates it to be worth around £22 billion in 2021. This includes assets like the Crown Estate, Buckingham Palace, the Duchy of Cornwall, the Duchy of Lancaster, Kensington Palace, and the Scottish Crown Estate.
Additionally, the late Queen Elizabeth had personal assets valued at a minimum of £662 million, including art collections and rare jewels, which she passed on to her son and the current monarch, Charles III.
Prince William's fortune also witnessed a significant increase after his father ascended to the throne. In his 30s, he inherited £8.7 million from his mother, Princess Diana. Moreover, at the age of 41, Prince William received a substantial sum of money when his great-grandmother passed away in 2002, although the exact amount remains undisclosed.
