Home Entertainment Prince William becomes father’s landlord, receives £700k Rent from King Charles

Prince William becomes father’s landlord, receives £700k Rent from King Charles

by Damilola

The new Prince of Wales, Prince William, who controls the Duchy of Cornwall including the King Charles home, has become his father’s landlord and will reportedly receive about £700,000 rent per year from the monarch’s 18th Gloucestershire estate after inheriting the property at his grandmother’s passing.

According to Daily mail, the King has a long lease and pays rent on Highgrove House and surrounding land.

The 128,000 acres of land which netted a £21million income last year, was passed from Charles to his son when he became king.

The Duchy bought Highgrove, in Gloucestershire, in 1980 and it has been since been transformed into a family home by the new King.

The property portfolio passed down to the new Prince of Wales also includes HMP Dartmoor as well as the Oval cricket ground in South London.

The Prince of Wales is now the biggest private landowner in Britain.

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