Duchy of Lancaster

The Duchy of Lancaster is a private estate owned by the reigning monarch of the United Kingdom, providing income and support for the sovereign. Established in the 13th century, it consists of land, property, and assets across England and Wales. Unlike the Crown Estate, which is publicly owned and managed, the Duchy is not part of the government's assets. The revenues from the Duchy help fund the official duties and personal expenses of the monarch. The Duchy is managed by the Duchy of Lancaster office, ensuring its sustainable development and profitability.