![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/prince-williams-hardly-used-new-title-that-gives-him-a-multi-million-pound-fortune/&media=https://uknews.evprotec.com/wp-content/uploads/2023/07/0_GettyImages-1259076056-1.jpg&description=Prince William inherited the Prince of Wales title following his grandmother's death last September and, as a result, also owns the vast - and lucrative - Duchy of Cornwall Estate One day after King Charles' accession, he appeared on television to make his first public address to the nation in order to pay tribute to his mother, the late Queen. It was in this speech that he also confirmed that his eldest son and daughter-in-law - then styled as the Duke and Duchess of Cornwall and Cambridge - would be known as the Prince and Princess of Wales. As a result, Prince William became the 27th Prince of Wales and was granted the additional titles of the Duke of Cornwall, the Earl of Chester, the Duke of Rothesay, the Earl of Carrick, the Baron of Renfrew, Lord of the Isles and Prince and Great Steward of Scotland. Prince William also inherited the vast private estate of the Duchy of Cornwall which was established by King Edward III in 1337 for his son, Prince Edward, the Black Prince. At the time, a charter ruled that each future Duke of Cornwall would be the eldest surviving son of the monarch, as well as the heir to the throne. The revenues from the estate are used to fund the public, private, and charitable activities of Prince William and his family. When he was still The Prince of Wales, King Charles worked with the Duchy of Cornwall for many years and created many notable legacies, such as the Poundsbury and Nansledan Estates. However, following his accession last September, the responsibilities were passed onto Prince William. King Charles has long been training his eldest son for his new role as The Prince of Wales and what his role within the Duchy of Cornwall estate will involve. Asked about his plans for the estate in an ITV documentary in 2019, Prince William said: "I've started to think about how I will inherit the Duchy one day and what I do with it. I think it's really important, about the family angle, I really do." Speaking in reaction to Prince William's){kind=link}
Prince William inherited the Prince of Wales title following his grandmother’s death last September and, as a result, also owns the vast – and lucrative – Duchy of Cornwall Estate
One day after King Charles’ accession, he appeared on television to make his first public address to the nation in order to pay tribute to his mother, the late Queen.
It was in this speech that he also confirmed that his eldest son and daughter-in-law – then styled as the Duke and Duchess of Cornwall and Cambridge – would be known as the Prince and Princess of Wales.
As a result, Prince William became the 27th Prince of Wales and was granted the additional titles of the Duke of Cornwall, the Earl of Chester, the Duke of Rothesay, the Earl of Carrick, the Baron of Renfrew, Lord of the Isles and Prince and Great Steward of Scotland.
Prince William also inherited the vast private estate of the Duchy of Cornwall which was established by King Edward III in 1337 for his son, Prince Edward, the Black Prince.