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How Big an Inheritance Awaits Kate and William’s Baby?

Jan. 30 (Bloomberg) -- The Duke and Duchess of Cambridge, better known as Prince William and Kate Middleton, are expecting their first child in July.

Is it a boy? A girl? Twins? The jury is still out, but on one point there’s considerable certainty: Thanks to some ancient history, the future monarch will eventually inherit a sizable fortune and become the custodian of extraordinarily valuable state assets.