Prince William’s Annual Salary Revealed in…see more

Prince William’s Annual Salary Revealed in New Royal Report
The heir to the throne earned tens of millions in his first year managing the Duchy of Cornwall estate

Prince William received a staggering $30 million from his first full year’s income from the Duchy of Cornwall estate, a title and estate he inherited when his father, King Charles, ascended the throne.

The Duchy of Cornwall published its Integrated Annual Report on Thursday, July 24 (local time), revealing a distributable surplus of £23.6 million ($30.4 million) for the 2023-2024 financial year, Prince William’s first full year as the Duke of Cornwall. This sum covers the official, charitable and private expenses of Prince William, Kate Middleton and their three children.

As a working member of the royal family, the Prince of Wales, 42, doesn’t receive a traditional income. Instead, his annual expenses are largely covered by the Duchy of Cornwall, an estate established by King Edward III in 1337 to provide funds for the heir to the throne. This vast estate, worth over $1 billion, spans 130,000 acres across 23 counties in England and Wales and includes land, farms, houses and other assets to support the heir and their family.

William is understood to pay income tax on the entire income he receives from the Duchy of Cornwall, after subtracting household expenses, which have not been specified.