The Duke and Duchess of Cambridge announced Monday that their second child is named Charlotte Elizabeth Diana.

The name pays triple homage to William's father, Prince Charles, his grandmother, Queen Elizabeth II, and his late mother, Princess Diana.

The name Charlotte was the favorite among bettors in recent weeks, according to bookmaker William Hill.

But "Alice" had reportedly surged to the top after a flurry of late wagers, Sky News reported.

Princess Charlotte — who was born Saturday at St. Mary’s Hospital in London — is now home at Kensington Palace.

Trends set by the new princess could be a boon for retailers. Experts say her christening gown, wedding dress and everything in between will become trends that could be followed by girls who are seeking to emulate a real-life princess.

Some estimates say Charlotte could boost the economy by $1 billion by her fifth birthday.

“I’m already thinking about her wedding dress and her hair and her makeup […] I think it’s exciting for people,” Jedediah Bila said on “Outnumbered.”

Princess Charlotte is fourth in line to the throne, behind Prince Charles, Prince William, and her older brother, 21-month-old Prince George.

Charlotte's uncle, Prince Harry, is now fifth in line.