Different media sources have revealed Britain’s future King, Prince William’s salary. They claim that the British royal earned a whopping $31 million in the year 2023 in his new role as the owner of the Duchy of Cornwall estate, which he inherited when King Charles III became the monarch.
An Annual Integrated Report published by the Duchy of Cornwall shows a distributable surplus of £23.6 million ($30.4 million) for the last financial year 2023-2024.
This amount covers the official, charitable and private expenses of Prince William, Kate Middleton and their three children.
Prince William is a working member of the royal family who doesn’t receive a traditional income. So, 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.
The estate is 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 his family.
However, the Prince pays income tax on all his earnings from the estate after subtracting household expenses, which have not been specified.
When King Charles acceded to the throne in 2022, Prince William became the new Duke of Cornwall and head of the estate.
