Prince William takes charge of new role after inheriting £23million per year income
15.09.2022 - 18:15
/ ok.co.uk
It’s only been a week since Prince William took on his new title of the Duke or Cornwall following the Queen’s death, and the royal has already taken charge of the role. Prince William, 40, became the 25th Duke of Cornwall, a title previously given to his father the former Prince Charles, after the Queen died on Thursday 8 September.
With his new name, William has inherited the £23 million-a-year income from the Duchy of Cornwall, and began his first duty under his changed title on Wednesday. William is said to have held a meeting with his finance committee via video link, according to the Court Circular.
For all of the latest updates, sign up for OK!'s Royal newsletter. His new annual income is generated by the Duchy’s giant portfolio of buildings, land and other financial investments, and is set to cover the royal’s public and private life.
William is understood to have taken his new role very seriously as he has taken charge of overseeing the management of the estate following his video meeting. The Prince of Wales previously spoke about being “passionate” about taking on the role of the Duke of Cornwall, after preparing for it for several years.
OK!'s commemorative special edition This 100 page tribute looks back at the life of our most beloved monarch, Queen Elizabeth II, marking key events during her remarkable 70-year reign, as well as her childhood as a young princess, her enduring love for Prince Philip and her family, and the lasting legacy she leaves our nation.This edition is available to buy in stores now or it can be purchased online here. Speaking in a 2019 ITV royal documentary, William said: “I am very passionate about my farming and I just want to learn more about it.” In the programme, Charles shared
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