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Prince William's $30m Annual Salary Revealed from Duchy of Cornwall Estate Report

1 month ago

Prince William's $30m Annual Salary Revealed from Duchy of Cornwall Estate Report

10 Highlights

  • Prince William received a staggering $30m from his first full year's income from the Duchy of Cornwall estate for the financial year 2023-24, according to a new royal annual report.
  • As the Duke of Cornwall, Prince William's expenses are covered by the Duchy of Cornwall, a $1bn estate established in 1337 by King Edward III to support the heir to the throne.
    • Prince William's income surplus of £23.6m ($30.4 million) covers official, charitable and private expenses for himself, Kate Middleton and their children.
    • Prince William became Duke of Cornwall when King Charles III ascended the the throne in 2022, taking over the vast estate that spans 130 000 acres across England and Wales.
    • Updates to Prince William's patronages include new roles at the Football Association, Welsh Guards Charity, Royal Cornwall Agricultural Association, and more.
    • The Duchy of Cornwall aims to grow income while maintaining value, become a net zero estate by 2032, advocate for mental health, and address homelessness in Cornwall under Prince William's leadership.
    • The annual report from the Duchy of Cornwall revealed the financial details of both Prince William and Prince Harry, shedding light on their respective incomes and inheritances.
    • William's brother, Prince Harry, is set to inherit $9m on his 40th birthday on September 14 from a trust created by the Queen Mother.
    • Meanwhile, Prince William has refused to make public the tax he pays on private income from his extensive property portfolio, in contrast to King Charles.
    • King Charles himself will receive an extra £45m pay rise in his official income due to profits of more than £1bn from the crown estate, which supports the British royal family.
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