Prince William’s New Annual Salary Revealed After Title Change

Prince William’s New Annual Salary Revealed After Title Change
Published 5 months ago on Jul 24, 2024

Prince William's Royal Paycheck: A $30 Million Windfall.

Prince William has inherited a substantial financial windfall following his father, King Charles III's, ascension to the throne. The Duke of Cornwall's estate, the Duchy of Cornwall, generated a staggering £23.6 million ($30.4 million) in distributable surplus during the 2023-2024 financial year.

The Duchy of Cornwall, a vast landholding dating back to 1337, provides income for the heir to the British throne. The estate covers over 205 square miles across the United Kingdom, encompassing farms, residential and commercial properties, forests, and coastal land.

In addition to the financial boon, William has assumed a number of prestigious roles. He has been appointed Patron of the Football Association, a position previously held by his grandmother, Queen Elizabeth II. The Duke also took over the presidency of the Victoria Cross and George Cross Association, which honors military and civilian bravery.

While William has stepped down as president of Fields in Trust, a charity dedicated to protecting green spaces, he remains a patron of the organization.

It's important to note that the Duchy of Cornwall is not subject to corporation tax but William voluntarily pays income tax on the surplus. This financial arrangement supports the Prince and his family in their official, charitable, and private endeavors.

The full financial impact of the Duchy on William is evident in the comparison to the previous year. In 2022-2023, the Duchy generated approximately $29 million, but William only received a portion due to inheriting the title mid-year. After deducting funds for the estate's operations, he brought home just over $7.4 million.

The substantial increase in income for William marks a new chapter in the monarchy's finances. As the future King, he will continue to benefit from the Duchy's wealth while fulfilling his royal duties.

Comments

  • Written news comments are in no way https://www.showbizglow.com it does not reflect the opinions and thoughts of. Comments are binding on the person who wrote them.