That increase puts the heir to the throne at a worth of an unbelievable £1,099,748,000. The income he gains from the Duchy of Cornwall is £21.6million, which is £100,000 down on the previous financial year. Charles owns land and property across 23 English and Welsh counties.

He owns 52,760 hectares of land and 2,360 hectares of woodland.

The father to William and Harry has long been a keen proponent of sustainable energy use and the buildings on his estate have had an 87 percent reduction in emissions.

The travel-related emissions have been cut by 18 percent.

Charles’s increase in wealth puts him roughly level with the 10th richest royal in the world, Prince Albert II of Monaco, who according to Business Insider had a net worth of $1billion (£788million) in 2018.

In terms of other rich royals, Prince Jefri of Brunei, younger brother of Sultan Hassanal Bolkiah was once considered the richest man in the world.

He lost this standing to Bill Gates by the late 1990s.

Charles did not receive income from the Duchy of Cornwall until he told 21 in 1969 and according to Business Insider, when he picked up $528,000 (£416,000 – or £5.8million today when adjusted for inflation).

He would return roughly 20 percent of his income as a voluntary tax.

The Duchy of Cornwall comes with the legal concept of bona vacantia, meaning Charles automatically becomes the owner of the property of deceased Cornwall residents who die without a will.

The same concept applies to the Duchy of Lancaster, held by the Queen.

Current protocol is to donate the land to charity.

Elsewhere in the country, the property would usually go to the Government, but between 2006 and 2012, the Duchy of Cornwall got an extra £1million.

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