While the royal family’s wills are never made public, financial experts have been hard at work estimating their fortunes based on well-documented accounts of their personal collections and inherited properties. In addition to those estimates, the changing of royal titles and transition of assets help clue in experts even though the Queen’s will and fortune will never be made public.
According to CNN, the Royal Family’s wealth totals at least $21 billion in land, property, and investments. That fortune has now been passed onto the new monarch, King Charles, and his heir, Prince William. As the new Duke of Cornwall, William inherited the private Duchy of Cornwall estate from his father. According to CNN, the duchy owns a large portfolio of land and property covering nearly 140,000 acres, most of it in southwest England.
The estate is estimated to be worth around $1.2 billion since being created in 1337 by King Edward III. According to its website, revenue from the estate is “used to fund the public, private and charitable activities,” which Prince William will be in charge of now.
Just hours after the Queen died on September 8th, the Royal Family updated its Twitter accountswhich showed that Prince William and his wife Kate Middleton are now “The Duke and Duchess of Cornwall and Cambridge.”
During King Charles’s first public address as the new monarch, he revealed that Prince William and Kate would also be taking on the additional title of Prince and Princess of Wales, meaning that Kate will now hold the title that previously belonged to William’s late mother Princess Diana.ORDER A COPY OF ROB’S NEW BEST SELLING BOOK! Called “America’s Number ONE Gossip Columnist” by The National Enquirer. Rob ‘Naughty But Nice’ Shuter breaks celebrity news every day on his website NaughtyGossip.com where he delivers all the dish about the stars we love in his naughty but nice signature style. You can also catch him co-hosting and breaking celebrity news on Good Day New York, The Today Show, The Talk, Wendy Williams Show, CNN, Extra and Z100’s ‘Elvis Duran.’ Previously, Rob was the Huffington Post’s only celebrity columnist and the former executive editor of OK! Magazine. Rob has also hosted his own Saturday night talk show on Mark Cuban’s channel and his own daily morning show, ‘The Gossip Table,’ on VH1! Breaking some of the biggest entertainment stories, including Jamie Lynn Spears’s pregnancy news, Britney’s first post-meltdown interview, Eva Longoria’s wedding, and baby exclusives for Jessica Alba, Tori Spelling and Mathew McConaughey’s tots, Rob always knows where to find the best scoop. Before Rob was one of the world’s most successful entertainment reporters, he was a publicist working for Jennifer Lopez, Alicia Keys, P. Diddy, Jessica Simpson and Jon Bon Jovi! Now he is bringing all this experience to his new show on I HEART MEDIA in his unique cheeky way, that is always a pinch and never a punch!