 Both were far wealthier than the next wealthiest, Buckfast Abbey, with an annual income of about £460.In 1540 the Abbey and its lands were granted by King Henry VIII to John Russell, 1st Baron Russell of Chenies in Buckinghamshire (created in 1550 1st Earl of Bedford).The Russell family long maintained a close connection with Tavistock, and in 1694 the family received the additional titles of Marquess of Tavistock and Duke of Bedford.