Prince William Just Inherited A 685-Year-Old Estate Worth Over $1 Billion
A lot of change is happening right now for the Royal Family, including for Prince William. His grandmother, Queen Elizabeth II, died, and his father is now King of England. As a result, Prince William is now first in line to the British throne. Prince William has lived his entire life in front of the world but now more than ever, the world's eyes will be on him.
Prince William Arthur Philip Louis Was Born on June 21, 1982
Prince William Arthur Philip Louis was born at St. Mary's Hospital in London on June 21, 1982. He was the first child of Prince Charles and Princess Diana.
He was later baptized by the Archbishop of Canterbury at Buckingham Palace on Queen Elizabeth II's birthday. William was the first child born to a Prince and Princess of Wales since Prince John in 1905. Prince William will one day become the king of Great Britain.
William's Mother, Lady Diana Spencer, Died In 1997
Lady Diana Spencer was known as the "people's princess" and Prince William and Prince Harry's mother. Diana was very close to her boys and tried to give them normal life experiences. Sadly, she was harassed by paparazzi often, and on August 30, 1997, paparazzi chased her car, which ended up crashing.
Diana didn't survive, and the loss was very hard for William and Harry. William stated, "Anything to do with parent and child, and loss, it is very difficult, it has a big effect on me, it takes me straight back to my emotions back when my mother died."
Queen Elizabeth II's Passing
Queen Elizabeth II died peacefully on September 8, 2022, at her Scottish estate, surrounded by loved ones. Elizabeth was Queen of England from 1953 until she died and now her son, Charles, is king, and William is heir to the throne.
King Charles said of his mother's death, "We mourn profoundly the passing of a cherished sovereign and a much-loved mother. I know her loss will be deeply felt throughout the country, the realms, and the Commonwealth, and by countless people around the world."
Royal Wills Are Never Made Public
Royal wills are never made public, which means what happens to the queen's personal wealth following her death will remain a family secret.
Queen Elizabeth II owned many homes, jewels, art, and so much more. Royal wills have never been made public in the past either, so no one really knows what the royal family's net worth is.
Prince William And Catherine Middleton Married
Prince William married Catherine Middleton on April 29, 2011, at Westminster Abbey. The couple had been in a relationship since 2003, and their wedding was viewed by tens of millions of people from around the world.
Catherine's dress was made from beautiful lace and ivory and was designed by Sarah Burton. On the day of the wedding, William was made Duke of Cambridge, Earl of Strathearn, and Baron Carrickfergus. Catherine became Her Royal Highness The Duchess of Cambridge.
Anmer Hall is one of the royal family's properties, and Queen Elizabeth gifted it to Prince William and Catherine Middleton after their wedding. It is a ten-bedroom Georgian home that is located on the Sandringham Estate.
It was built in the 19th century and was first purchased by Queen Victoria. William and Kate lived in the home full-time until they moved to Kensington Palace.
The Future King Inherits The Private Duchy Of Cornwall Estate From His Father
Once Charles became king, Prince William became heir to the throne. As a result, he inherited the private Duchy of Cornwall estate from his father. It is a sprawling portfolio of land and property with almost one hundred and forty thousand acres in England.
The estate was created in 1337 by King Edward III and is now worth more than one billion dollars. Revenue from the property is used to fund public, private, and charitable activities. Prince William now holds the title.
George Alexander Louis
On July 22, 2013, William and Kate had their first child, son George Alexander Louis. He is second in line to the British throne, after William. He was born at St. Mary's Hospital in London, and his birth was highly anticipated around the world.
There were reporters camped outside of the hospital for days, and William and Kate broke with tradition and introduced their baby to the world, greeting larger crowds of citizens and members of the press outside of the hospital.
Duke Of Cornwall
During King Charles III's first official speech as monarch, he created a new Prince and Princess of Wales, William and Kate. Then William, Kate, Harry, and Meghan reunited to read the tributes to the queen at Windsor Castle.
The title Duke of Cornwall is traditionally held by the eldest son of the reigning British Monarchy, which was previously the English monarch.
Charles Inherited The Estate At The Age Of 21
When Charles was twenty-one years old, he inherited the Duchy of Cornwall estate and spent more than fifty years expanding it. In fact, last year, Charles paid himself twenty-five million dollars from the generated revenue from the estate.
Now, King Charles is the reigning monarch and has passed the Duchy of Cornwall estate to his son, Prince William. However, Charles now owns a portfolio of properties and investments from the late queen.
The Crown Estate Now Belongs To King Charles As Reigning Monarch
The Crown Estate is the biggest slice of the family's fortune, worth about nineteen billion dollars. The estate now belongs to King Charles as reigning monarch. However, since 1760, the monarch has handed over all profits from the estate to the government in return for a slice of what is called the Sovereign Grant.
The estate includes several properties in England, Wales, and Northern Ireland. Most of the estate's revenue is spent on maintaining the royal family's properties and paying their staff.
King Charles Also Inherits The Duchy Of Lancaster
In addition to inheriting the Crown Estate, King Charles also inherited the Duchy of Lancaster. It is a private estate dating back to 1265, which is valued at about seven hundred and sixty-four million dollars.
Income from the estate's investments covers official costs that aren't met by the Sovereign Grant and helps support other royal family members.
He's Meant To Do One Thing
Prince William is the future king after his father dies and has been subject to a number of royal duties. However, a future king really only has one primary duty, which is to marry and produce an heir. William was always acutely aware of his responsibility and that he couldn’t just marry anyone.
The palace would have to approve of the woman he wanted to marry, and thankfully, they approved of Catherine Middleton. In addition, they have produced three children, so they have done their primary duty.
His Relationship With Harry Has Had Its Ups And Down
Prince William and Prince Harry have always had an up-and-down relationship. They have worked together on several charitable endeavors, but in recent years, things have changed. When Prince Harry and Meghan announced that they were stepping down from royal life in 2020, it upset some of the family.
William and the rest of the royal family were blindsided by Prince Harry’s decision. Also, journalists and royal watchers started speculating that there was a major fallout between the two brothers. The brothers have stated that they are just on different paths.
William Also Owns Poundbury
Prince William now also owns Poundbury, which is a housing estate in Dorchester, Dorset. It was a town that was built on Charles’ principles of architecture and urban planning.
The town is home to about thirty-eight hundred people in a mix of private and public housing. It was actually an experimental planned community that has been praised for reviving the low-rise streetscape built to the human scale.
Neither Prince William Nor King Charles Are Obliged To Pay Any Form Of Tax On Their Estates
King Charles and Prince William do not have to pay any form of tax on their estates; however, they have both voluntarily paid income tax since 1993. That rule came after the royal family faced strong criticism for planning to use public money to repair Windsor Castle, which had suffered damage after a fire.
“Of course, voluntary income tax is not a fixed rate, and they don’t have to declare how much income they’re making their tax on. So, actually, it’s just like plucking a figure out of thin air.”----- Clancy.
William's Military Experience
Most of the men of the royal family have been involved in the military. Prince William has had a distinguished military career and is known as Flight Lieutenant Wales in the Royal Air Force.
He has served more than seven years of full-time service, and he has flown one hundred and fifty-six search and rescue missions as a helicopter pilot. The Royal Military Academy’s motto is “Serve to Lead.”
The Frogmore House is known as the location of Prince Harry and Meghan Markle’s evening wedding reception. Since 1792, it has been a Crown-owned official residence in Home Park.
The estate was first purchased by George III as a gift for his wife, Queen Charlotte, and it has remained in the royal family ever since. The house has been unoccupied since 1872, but the family often hosts private official events at the residence.
He Broke Royal Tradition As An Infant
It is a royal tradition that two heirs to the throne should never fly together. However, Princess Diana never planned to follow all of the rules, especially when it came to her children. When William was born, Diana was still struggling with her royal duties, and when she and Charles had to travel to Australia and New Zealand, she didn't want to leave nine-month-old William behind.
She went completely against protocol and insisted on bringing William with them, which meant the two heirs to the throne were flying together. It wasn't the only time that she or William went against the rest of the family and the rules.
The Old Royal Palace Of Hatfield
The Old Royal Palace of Hatfield was the original structure on the grounds and was the childhood home and favorite residence of Queen Elizabeth I. When King James I took the throne, he decided to give the palace to Elizabeth's chief minister, Robert Cecil, 1st Earl of Salisbury.
He built the breathtaking Jacobean home that is now on the property. There are only a few parts of the original palace that remain on the grounds.
Charlotte Elizabeth Diana
Princess Charlotte of Cambridge, Charlotte Elizabeth Diana, was born on May 2, 2015. She was born at the private Lindo Wing of St. Mary's Hospital in London. She is third in line to the British throne and was christened at St. Mary Magdalene Church.
Charlotte is William and Kate's only daughter, and she made her first public appearance on the balcony of Buckingham Palace during Trooping the Colour in 2016.
He Made A Special Promise To Diana
William and his mother, Diana, were very close, and Diana loved her boys more than anything else in this world. She went through some very tough times while married to Prince Charles and then after the divorce as well.
She had paparazzi hounding her all of the time, and when her divorce became final, she was stripped of her "Her Royal Highness" title. William was always there for his mom, and he promised her that when he became king, he would restore her royal title.
Louis Arthur Charles
William and Kate's third and youngest child, Prince Louis, was born on April 23, 2018. Louis Arthur Charles is fourth in line of succession to the British throne.
Like his siblings, Louis was born in the Lindo Wing of St. Mary's Hospital and was christened in the Chapel Royal at St. James' Palace. He made his first Trooping the Colour appearance on the balcony of Buckingham Palace in 2019.
Hampton Court Palace
The Hampton Court Palace was built by Cardinal Thomas Wolsey, King Henry VIII's Lord Chancellor. The palace was so grand that the king eventually took it for himself and added a hotel to it.
He also added a theater and leisure complex to the grounds, and later, King William III and Queen Mary II appointed Sir Christopher Wren to expand the palace. Ultimately, the palace and its grounds were opened to the public as a museum in 1838 and have been operated under the Crown since.
Elizabeth II Was The World's Longest-Reigning Living Monarch
Queen Elizabeth II died, but she was the world's longest-reigning living monarch. She reigned over the UK for seventy years, and that also makes Prince Charles the longest waiting heir apparent, first in line for the throne, in British history.
At seventy-two years old, Charles is the oldest British monarch to be crowned. Now it is Prince William who is the waiting heir apparent.
Queen Elizabeth II's Net Worth
The late Queen Elizabeth II had a net worth of about twenty-one billion dollars in land, investments, and property. Her net worth is now passed to the new monarch, King Charles, and his heirs.
Her fortune is also made up of her art collection and jewels. The queen inherited both the Balmoral Castle in Scotland and Sandringham House in Norfolk from her father, King George VI.
The British Monarch's Duties Are Essentially Ceremonial
The crown's power has been chipped away since King John issued the Magna Carta in 1215. In addition, England's Bill of Rights of 1689 created a constitutional monarchy in which the king or queen's power was very limited by the law.
The British monarch's duties are basically ceremonial. A lot of their duties are just making appearances at events and charities and welcoming guests to the UK.
Harry And Meghan's Tell-All Interview With Oprah Winfrey
Harry and Meghan gave an explosive interview to Oprah Winfrey in 2021. They revealed many secrets that the royal family wasn't too happy about. For example, Harry and Meghan actually were married three days prior to the televised wedding. Harry also made known that there wasn't any bad blood between the couple and Queen Elizabeth II. Meghan admitted that at one point, she contemplated suicide and that the royal family questioned Archie's skin color.
Prince Harry stated that he felt "Trapped" in the U.K. The palace released a statement following the interview, "The whole family is saddened to learn the full extent of how challenging the last few years have been for Harry and Meghan. The issues raised, particularly that of race, are concerning. While some recollections may vary, they are taken very seriously and will be addressed by the family privately. Harry, Meghan, and Archie will always be much-loved family members."
Buckingham Palace is the most well-known and visited of all the royal properties. It has remained the official London residence of the United Kingdom's monarchs since 1837.
The palace was designed in a Neoclassical style and has a total of seven hundred and seventy-five rooms. It also has one hundred and eighty-eight staff bedrooms, ninety-two offices, seventy-eight bathrooms, fifty-two royal and guest bedrooms, and nineteen staterooms.
St. James' Palace
The St. James' Palace was the former residence of the monarchs of England until the reign of Queen Victoria. The palace holds an important role in the monarchy because it is the place where the Garter King of Arms formally announces the accession of the new king or queen from the Proclamation Gallery after the death of a monarch.
In addition, it is the London residence of Princess Beatrice, Princess Anne, and Princess Alexandra. There are also charity receptions held there.
Prince William And The Queen Are The Most Popular Royals Amongst Britons
In 2021, YouGov did a survey, which showed that Prince William was the favorite among Britons, and the late Queen Elizabeth II came in a close second.
However, later, Queen Elizabeth was unanimously voted as the most popular royal and was described by Britons as respected, hardworking, and dignified. Britons describe William as admiral, genuine, and a good role model.
Queen Elizabeth II Announced That When Charles Became King, His Wife Camilla Will Take The Title Of Queen Consort
Before the queen's passing, back in February, she announced that when Charles became king, his wife Camilla would take the title of queen consort. However, when Charles and Camilla were married, one of the conditions was that she wouldn't get the title.
Reportedly, Harry and William were not happy about this announcement. The queen asked that when Charles becomes king, he and his wife Camilla be respected as she has been.
Birkhall is part of the Balmoral Castle estate, and it was initially purchased by Queen Victoria for her son Edward, Prince of Wales, in 1849. King Charles often stayed at the home when visiting Scotland, and after the King's death in 1952, the Queen Mother began to use Birkhall as a summer residence again.
The small 18th-century house has been expanded over the years. Prince Charles stated, "It is such a special place, particularly because it was made by my grandmother. It is a childhood garden, and all I've done, really, is enhance it a bit."
William Will Take Over Many Of The Duties Charles Performed For The Queen When He Was The Prince Of Wales
William will now take over most of the duties that Charles performed for the queen when he was the Prince of Wales. A lot remains unconfirmed about what William's duties will be now, but the main part of his new role as heir to the throne is to support His Majesty the King.
The monarchy is focused on 'bringing people together across all sections of society, representing stability and continuity, highlighting achievement, and emphasizing the importance of service and the voluntary sector by encouragement and example.' His duties will include welcoming dignitaries to the UK, attending state dinners during visits, and attending the Trooping the Colour.
Craigowan Lodge is also part of the Balmoral estate and is a more rustic stone cottage that is about one mile from the main castle. Prince Charles and Princess Diana would often stay in the seven-bedroom house when visiting the Scottish countryside.
There is a photo of Charles and Diana posing at the lodge in 1981. The lodge was also where Elizabeth and Prince Philip would spend the first few days of their summer holiday.
Clarence House is where King Charles III and Queen Consort Camilla Parker Bowles resided before Charles' accession. William and Harry also lived there until moving into their own private residences at Kensington Palace in 2011 and 2012.
Queen Elizabeth II and Prince Philip lived in the house after their marriage in 1947, and it was the home of Queen Mother from 1953 until 2002.
Father And Son Will No Longer Be Able To Fly Together
Now that William is first in line to the throne and his son George is second in line to the throne, the father and son will no longer be able to fly together. It has always been a rule that two or more heirs to the throne aren't supposed to travel together in order to protect the monarchy.
If something were to go wrong with the plane, they would need someone to be able to run the monarchy. This also applies to King Charles III and Prince William.
Kensington Palace is the birthplace and childhood home of Queen Victoria. It is a five hundred and forty-seven-room palace in London and is the home and office of a number of royals.
Since 2017, Apartment 1A has been the main residence for Prince William and Catherin Middleton's family. Their apartment has four floors with twenty rooms. The palace was also home to Princess Diana and, Prince Harry and Meghan Markle.
The Couple Have Become Prominent Campaigners For Mental Health
Prince William and Princess Catherine undertake projects through The Royal Foundation, with their charity work revolving around mental health, emergency workers, and conservation.
They have become prominent campaigners for mental health, and in 2014, they founded the "United for Wildlife" initiative. "I think that most people think that William and Kate will make a great team and be a great king and queen." ---- Phil Dampier, a royal author.
William Will Have A Much More Visible Public Profile
As the new king King Charles III ages, William will have a much more visible public profile. Most likely, William will share more of the royal duties. Life has gotten much trickier for the royal family with all of the social media that is out there.
William and Kate will bring a lot of changes to the reign when William takes the throne someday. Now with Queen Elizabeth II gone, Prince William will for sure be the people's favorite, and many look forward to him becoming king.
Ivy Cottage, Wren House, And Nottingham Cottage
Ivy Cottage, Wren House, and Nottingham Cottage are smaller properties on the grounds of Kensington Palace. They have been popular homes in the royal family for many years, with Nottingham Cottage being the former home of Prince Harry and Meghan Markle before they moved to Frogmore Cottage.
William and Kate also lived in the cottage before they moved into their current apartment in Kensington Palace. The Duke of Kent and his wife Katherine Worsley live at Wren House.
The Castle Of Mey
The Castle of Mey was actually depicted in season one of The Crown. The Queen Mother purchased the deteriorating castle in 1952 after she saw it on her visit with Commander and Lady Doris Vyner.
There were extensive renovations made to the castle and gardens in 1955. The property is under the stewardship of The Prince's Foundation, and The Granary Lodge Bed & Breakfast was opened on the property.
William Has "High Ambitions To Be Known As The People's King"
William has "high ambitions to be known as the People's King" someday. He said in an interview that he thinks a lot about how much power a constitutional monarch should exercise. William believes that it is essential that the royal family "stay relevant." He has said that he will pursue his own "vision" for the role of head of state and wants to create a slimmed-down monarchy.
Both William and Charles believe that fewer people mean less drama. William said, "In Britain, we are nervous about our emotions; we are a bit embarrassed. The British stiff upper lip thing, that's great, and we need to have that occasionally, but otherwise, we've got to relax a little bit and be able to talk about emotions. We're not robots!"
Windsor Castle has been Crown-owned as both a private home and an official royal residence for the United Kingdom's monarchs for more than nine hundred years.
On the property is the St. George's Chapel, where Harry and Meghan married, and Princess Eugenie and Jack Brooksbank were married. Queen Elizabeth II often spent weekends at Windsor Castle to get away from the bustle of London.
Prince Charles Will Not Step Aside For Prince William To Be King
When Queen Elizabeth II died, Prince Charles immediately became King of England. However, he did have the choice to step aside for the Duke of Cambridge to become King. Ultimately, he decided he would not step aside, and he kept the title of King, with William being heir to the throne.
In 2018, Elizabeth made a rare move of publicly backing Charles as the next Commonwealth leader. She asked the Commonwealth Heads of Government to appoint Charles as her successor to the association of Britain and its former colonies.
Balmoral Castle is located in Aberdeenshire, Scotland, and served as Queen Elizabeth II's summer home. The castle sits on fifty thousand acres with one hundred and fifty buildings. The castle was originally purchased in 1852 by Queen Victoria and Prince Albert.
It has remained one of the royal family's favorite vacation spots. The property includes a working estate, grouse moors, forestry, farmland, managed herds of deer, Highland cattle, ponies, and sheep.
Fort Belvedere is part of the Windsor Estate and was built in the 1820s. The house served as the royal residence for Edward VIII, the Duke of Windsor, from 1929 until 1936.
The prince renovated several of the rooms to include more contemporary details, adding a swimming pool, horse stables, and tennis courts. There have been others that have lived in the castle, and there are rumors that the castle may become the Duke and Duchess of Cambridge's official new home.
King Charles III
King Charles III became King of England when his mother, Queen Elizabeth II, died. He was officially proclaimed King at St. James' Palace in London in front of the Accession Council. He says, "God save the King," and for the first time since 1952, the national anthem will be played with the words "God Save the King" instead of "God Save the Queen."
The coronation will probably be much later because of the preparation that is needed. Charles became head of the Commonwealth, an association of fifty-six independent countries and 2.4 billion people.
Prince William Is Now The First In Line To The British Throne
The British line of Succession decides who will inherit the throne and become king or queen of Great Britain. Queen Elizabeth reigned over England for seventy years with Prince Philip by her side.
King Charles was firstborn and, therefore, his firstborn, William, is next in line when he passes. William's children, Prince George is second in line to the British throne, Princess Charlotte is third in line to the throne, and Prince Louis is the fourth in line to the throne.