The Duchy of Cornwall Estate is a private estate established in 1337 by King Edward III to provide income for the heir to the British throne. It covers approximately 53,000 acres, primarily located in Cornwall and Devon, and includes farmland, residential properties, and commercial enterprises. The estate is managed by the Duchy of Cornwall organization, which oversees its diverse assets and investments. The income generated supports the public and charitable activities of the Prince of Wales, who is the current Duke of Cornwall. The estate plays a significant role in the local economy and heritage.