The Royals have started to prep for the time when Queen Elizabeth passes and Prince Charles becomes King, which also includes the promotion of Prince William becoming the Duke of Cornwall (a position the heir to the throne holds) that involves him taking over the multi-million dollar Duchy of Cornwall.
The Duchy has been around for 700 years set up to provide an income to the heir to the throne and his family. As Prince Charles is the longest-ever heir to the throne, he has had plenty of time to grow the Duchy and shape it into what it is today.
However, with William inevitably taking over soon, he has been thinking about what the Duchy will look like under him. And he has come to the decision not to “rock the boat.”
“I’ve started to think about how I will inherit the Duchy one day,” William said on “Prince Charles: Inside The Duchy of Cornwall”, which airs on ITV later this month. “Well, rest assured I’m not going to rock the boat; I’ll do much the same as what my father’s doing. I’m not so into the architecture — that’s the only thing.”
Currently, the Duchy reaches over 30,000 acres of land in 23 counties of England and Wales with 700 tenant farmers. The estate includes property in London and his eco-friendly town Poundbury which helps add to the $27 million annual income that provides for Prince Charles and both his son’s families.
“It’s not just a business,” the Duchess of Cornwall said. “It encompasses everything he is passionate about, you know, it’s the environment, it’s sustainability, it’s looking after the land, which I think it’s generations of families who I think feel sort of looked after and cared for, and I think he minds desperately about that.”
Part one of the two-part show airs on ITV1 on Oct. 24.