The Prince of Wales inherited the Duchy of Cornwall estate from King Charles
The Duchy generated record profits of £24.048 million in 2022 to 2023 – up £1.02 million from £23.024 million the year before.
But the Palace said as a "one-off associated with the change in Dukes of Cornwall", the Duchy team asked to retain a proportion of the surplus for "working capital purposes" – the day-to-day running of the estate – this year.The Duchy income covers the cost of William's public and private lives He has vowed to make a difference in his new role, writing: "I am committed to the cause of tackling climate change and I am proud of the estate’s efforts to contribute to this challenge.
He added: "I recognise that I have taken the helm at a challenging time for many Duchy tenants, businesses and communities.""will support the Duchy family through this, seeking to ensure the estate continues to evolve and move forward as a modern enterprise that delivers on our vision of sustainable stewardship – for communities, enterprise and nature".
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