Witness the Epic: Humanity's Priciest Engineering Feats Unveiled
13. The Cornwall Duchy
Duchy of Cornwall Overview Location: Cornwall, England Completed Cost: $1.3 billion* Year Established: 1337 Key Features Royal Ownership: The Duchy of Cornwall is valued at over $1 billion and is held by the Prince of Wales and his family, making it one of the two royal duchies in England.
Funding Source: The duchy provides financial support for the Prince's public, private, and charitable endeavors, playing a significant role in the royal family's activities.
Management: Recognized as one of the world's best-managed private estates, the Duchy exemplifies effective stewardship and sustainable practices.
Conclusion The Duchy of Cornwall, with its rich history and substantial value, serves as a vital asset for the British royal family, supporting various initiatives while showcasing exemplary estate management.
Historical Background of the Duchy of Cornwall
Establishment and Legacy Founding: The Duchy of Cornwall was established by King Edward III in 1337, granting a charter to his son, Prince Edward, to provide him with independence.
Generational Continuity: The duchy has continued to operate in a similar manner for generations, with knowledge and practices being passed down from one generation to the next.
Conclusion The Duchy of Cornwall not only represents a significant royal asset but also embodies a rich historical legacy, reflecting the enduring traditions of the British monarchy since its establishment by King Edward III.
