Here's Why Prince George Has An Estimated Net Worth Of $3 Billion
Prince George of Wales, the eldest child of William, Prince of Wales, and Catherine, Princess of Wales, has an impressive net worth at age 9.
The prince's worth is currently valued at $3 billion, as per Reader's Digest. According to the outlet, the royal children's net worths are calculated by their value to the United Kingdom economy since they haven't physically received inheritances yet. Their potential to drive billions in sales helps determine their net worth.
Following the death of Queen Elizabeth II, George became the second in line to the throne after his father became Prince of Wales. His sister, Princess Charlotte of Wales, 7, is now third in line.
Once his father becomes king, George, as the eldest child of the reigning monarch, would inherit the Duchy of Cornwall. The trust was established in 1337 to provide income to the Prince of Wales and his family.
Revenue from the estate should be "used to fund the public, private and charitable activities of the Duke and his immediate family," the Duchy of Cornwall website states. The title now belongs to his father, Prince William.
To date, the trust is worth around £1 billion ($1.2 billion), as per CNN. In a typical year, the beneficiary of the Duchy of Cornwall receives around $20-$30 million from the trust, typically through rents and agricultural sales. Last year, King Charles III, then the Duke of Cornwall, reportedly paid himself around $25 million from the Duchy of Cornwall estate.
George's sister, Princess Charlotte, has a more impressive net worth valued at $5 billion. Currently, she has the biggest net worth among the royal family members.
Charlotte's net worth is reportedly high due to her fashion influence. A yellow pastel patterned cardigan worn by the princess from a popular British department store reportedly sold out in 24 hours.
Queen Elizabeth II died on Sept. 8. At the time of her passing, she had a net worth of $500 million.
Meanwhile, before ascending the throne, Charles' net worth was estimated to be $100 million by Celebrity Net Worth. To date, the king's net worth stands at $600 million. He reportedly inherited the bulk of the queen's fortune, including an art collection, crowns, jewelry, and real estate portfolio, among other assets.
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