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Prince William to sell 20 percent of Duchy of Cornwall to fund eco-friendly projects

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by Teddy Grant - 05/19/26 2:22 PM ET

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by Teddy Grant - 05/19/26 2:22 PM ET

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(NewsNation) — Prince William is planning to sell shares of a royal estate to fund infrastructure and environmental projects.

William announced he’s planning to sell 20 percent of the Duchy of Cornwall, an estate established by King Edward III in 1337 as a source of income for the heir to the throne.

The Prince of Wales would raise roughly $670 million from the sale, which will fund housing, environmental and renewable energy projects, according to The Times.

The Duchy of Cornwall is reportedly worth $1.3 billion. William earns around $31 million a year from the estate to cover private expenses for himself and his family.

- Princess Charlotte of Wales, Catherine, Princess of Wales, Prince George of Wales, Prince Louis of Wales, and Prince William, Prince of Wales attend the traditional Easter Sunday Mattins Service at St George’s Chapel, Windsor Castle on April 5, 2026 in Windsor, England. (Photo by Max Mumby/Indigo/Getty Images)

- RIO DE JANEIRO, BRAZIL – NOVEMBER 05: Prince William, Prince of Wales speaks at the Earthshot Prize Impact Assembly in Pier Maua during day three of his visit to Brazil on November 05, 2025 in Rio de Janeiro, Brazil. The Earthshot Prize celebrates and supports those who are finding solutions to the world’s most pressing environmental issues. (Photo by Aaron Chown-Pool/Getty Images)

William, who took over the estate in 2022 when King Charles ascended the throne, would use the proceeds from the sale to build thousands of homes across the U.K. and fund sustainable development initiatives, according to The Times.

“We’re not the traditional landowner… we want to be more than that. There is so much good we can do. I’m trying to make sure I’m prioritising stuff that’s going to make people’s lives, living in those areas, better,” Prince William said, according to the BBC.

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