Prince William has become one of Britain's largest landholders after taking over the Duchy of Cornwall. The Prince of Wales title was given to him after the Queen died, The Guardian reported.
The estate covers more than 28,000 acres in England and Wales and includes commercial properties, homes, forests, rivers and coastline, as well as the mineral rights of a tin mine in Cornwall.
The Poundbury housing estate was built on the principles of architecture and urban planning by Charles. A mix of private and public housing makes it home to over 3000 people.
The Oval is located in south London. Alex Davidson is a photographer.
The property portfolio has been a source of income for Charles since he passed it on to him at the age of 21. According to its annual reports, Charles paid over $26 million in income tax on the estate's revenues. King Charles didn't have to pay tax because the duchy is not a registered company. Edward III established the Duchy of Cornwall as a private estate in 1337 because he wanted the eldest son of the monarch to inherit the estate.
According to its website, revenue from the estate was used to fund the King's activities.
The Prince of Wales isn't entitled to its proceeds or profit on the sale of assets according to the charter. William can only get annual income from the assets.
The Duchy of Cornwall did not respond to a request for comment.
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