Prince Charles’ death will significantly boost Prince William’s net worth, which currently stands at £31.2 million. When Prince Charles dies, Prince William will see a huge increase in his assets as he inherits all the land and properties of the Duchy of Cornwall.

Prince Charles is the current Duke of Cornwall and the current holder of the vast estate, which consists of about 53,000 hectares of land in 23 countries. In 2018, the value of the estate was estimated at £1bn.

Created in 1337 by King Edward III, the Duchy of Cornwall was originally to provide income for his son, Prince Edward. Since by tradition all the monarch’s assets always go to the eldest surviving son, Prince William will inherit the Duchy once Prince Charles dies.

Between March 2018 and March 2019 alone, Prince Charles received £21.6 million from the estate. Most of his income from this property goes to funding his public, charitable and private activities, while some are being shared among his two children, Prince William and Prince Harry, and their families.

As Prince William takes over the throne, he will automatically run the Duchy of Cornwall and manage it the way Prince Charles has managed it all these years. As early as now, Prince William already understands how huge a responsibility this is going to be, but he said in a previous interview that he would make sure to follow in his father’s footsteps.

The Duke of Cambridge vowed not to make radical changes to the management of the estate when he steps into the shoes of Prince Charles. In the documentary “Prince Charles: Inside The Duchy Of Cornwall,” Prince William said that he’s already preparing to be the next Duke of Cornwall.

“Well, rest assured I’m not going to rock the boat, I’ll do much the same as what my father’s doing,” he said. “I’m not so into the architecture … that’s the only thing,” he added.

In a separate interview, Prince Charles said that Prince William is lucky to be prepared enough when his time to run the Duchy of Cornwall comes. “He’s quite lucky because I found myself there at 21,” he said.

“I had a bit of baptism of fire really. He goes and visits different parts of the Duchy of Cornwall, and so he is learning, I hope, as time goes by,” Prince Charles added.

Prince Charles and Prince William Prince Charles, Prince of Wales, in his role as a Royal Knight Companion of the Garter and Prince William, Duke of Cambridge, in his role as a Knight Companion walk in the procession to the Order of the Garter Service. WPA Pool/Getty Images