As second in line to the throne, Prince George has a wealth of titles and land to inherit, meaning he’s worth billions – and he landed an enormous inheritance on the day he was born
Despite being just 11 years old, Prince George is reportedly worth billions of pounds and has inherited a vast land empire.
The young prince, who celebrates his 11th birthday today (July 22nd), is second in line to the throne after his father, Prince William, and has an estimated net worth of around £2.9 billion ($3.6 billion), as per Reader’s Digest.
His immense wealth primarily comes from an inheritance of 133,000 acres of land he received at birth, spanning 23 UK counties and valued at approximately £0.83 billion ($1 billion) in 2019, according to the Economic Times.
George is set to inherit the Duchy of Cornwall from his father, a massive portfolio of land and property worth more than £1 billion, providing a significant income to the male heir to the throne (currently standing at £21 million per year).
As stated on the Royal Family’s official website, the Duchy of Cornwall’s income is used by The Prince of Wales to “support himself, his children and their families” and his “philanthropic work”.
This work raises more than £100m “annually for a variety of good causes”, and the Prince “voluntarily pays income tax on all revenue” from the estate.
One day, George will become King, giving him access to all the financial benefits of the title, including funds from the Duchy of Lancaster (another large portfolio of land, property and assets) and the Government’s Sovereign Grant.
The family’s “royal effect” has boosted Prince George’s fortunes, as per GoodtoKnow. This economic windfall results from devout Royal followers being in a rush to purchase items linked with the children of Prince William and Princess Kate, reports the Express.
A case in point was a £9 Sunuva T-shirt sported by George on his third birthday that unbelievably sold out within an hour of William and Kate sharing a picture of him wearing it.
Prince George’s destiny is lined up for him, much like other royals. As his father ascends the throne, he’ll inherit several titles, including Duke of Cornwall, Earl of Chester, Duke of Rothesay, Earl of Carrick, Baron of Renfrew, Lord of the Isles, and Prince and Great Steward of Scotland.
While Prince George’s assets are impressive, his little sister, Princess Charlotte, 9, surpasses him. She reportedly has a staggering net worth of £3.92 billion ($5 billion).
Their younger brother, Prince Louis, 6, is no pauper. His wealth, while less than his elder siblings, is estimated between £55 million ($70 million) and £98 million ($125 million).
Similar to Prince George, Princess Charlotte has had her share of influence on fashion purchases, dubbed the “Charlotte effect”. The young princess’s attire choices have been sought after by ardent Royal watchers.
When Charlotte was presented to the public in 2015, Kate stood outside a hospital holding the newborn princess in a white shawl from GH Hurt & Son Ltd. The firm then sold thousands of shawls in a matter of hours, according to the Observer.
