Prince William Inherits $1 Billion Estate After Queen’s Death

Moving on. Prince WilliamAfter Queen Elizabeth II’s death, a piece of royal property is due to be given to her.

He is now the first to claim the throne, following his father. King Charles IIICNN Business reports that the 40 year-old will likely become the new owner of Cornwall’s private Duchy of Cornwall estate. Charles, 73, was the previous owner of the property that covers nearly 140,000 acres.

The estate was established in the 14th century and is worth approximately $1.2 million. Per the duchy’s website, its revenue is “used to fund the public, private and charitable activities” of the Duke of Cornwall, the title William inherited after his late grandmother’s passing.

Prince William to Inherit $1 Billion Royal Estate After Queen's Death

Prince William.
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After Elizabeth’s death on September 8, at the age of 96, Charles assumed the role as king immediately. During his first address to the U.K. as the nation’s new monarch, he announced that William and wife Princess KateThey are now the Prince & Princess of Wales. Charles and his late exwife, Princess Diana were previously the holders of these titles.

As the country began its official mourning period, William celebrated the queen’s legacy in a heartfelt statement. “On Thursday, the world lost an extraordinary leader, whose commitment to the country, the Realms and the Commonwealth was absolute,” he wrote on Saturday, September 10, “So much will be said in the days ahead about the meaning of her historic reign. However, I have lost a grandmother. While I will miss her, I am also deeply grateful. I have had the benefit of the queen’s wisdom and reassurance into my fifth decade.”

The prince thanked Elizabeth for her “guidance and support,” adding, “She was by my side at my happiest moments and she was by my side during the saddest days of my life. I knew this day would come, but it will be some time before the reality of life without Grannie will truly feel real.”

That same day, William and Kate, 40, viewed tributes and greeted mourners at the queen’s Windsor residence, inviting Prince HarryAnd Meghan MarkleThey invited you to join them on the outing. The brothers later walked behind Elizabeth’s coffin during its procession from Buckingham Palace to Westminster Hall on Wednesday, September 14, before a 20-minute church service.

“This is such an intensely difficult time for the princes,” a source told Us Weekly exclusively ahead of the royal matriarch’s state funeral, which is set to take place on Monday, September 19. “They both adored their grandma and it will take some time to process the reality of her passing.”

William and his brother, 38, both “consider themselves proud and fortunate beyond words” to have received Elizabeth’s “wisdom and unwavering support throughout their entire lives,” the insider added. “There’s still this horrendous sense of loss and emptiness thinking that she’ll no longer be around.”