Duchy of Cornwall

The Duchy of Cornwall is a private estate established in 1337 to provide income for the reigning Prince of Wales, traditionally the heir apparent to the British throne. It encompasses extensive land holdings, including farms, villages, and urban properties primarily in England. The revenue generated supports the prince’s public, charitable, and private activities. Managed independently of the Crown, the duchy’s assets are held by a trust, and its profits are used to finance the prince’s official duties. The duchy plays a key role in sustaining the financial independence of the heir to the monarchy.