- Prince William’s annual income was officially revealed by the royals, and it’s mind-blowing.
- William makes money from the Duchy of Cornwall, a private fund.
- William gained access to the Duchy when King Charles ascended the throne, and it’ll go to Prince George next.
In case it wasn’t obvious from the multiple houses, tiaras, and gold carriages, Prince William and Kate Middleton are rich. But the royals just released William’s salary in their annual budget report and he’s earned millions.
Quick reminder that as the Duke of Cornwall, Prince William earns money from the “Duchy of Cornwall” which is a private fund that was passed to William when King Charles was crowned. The Duchy was founded by Edward III in 1337 “to provide independence” to the heir, and let’s just say it provides a LOT of independence.
Per The Duchy of Cornwall’s Integrated Annual Report (via People), Prince William’s income for his second year reaping the benefits of the Duchy was $30 million. I repeat: $30 million. This covers all of William’s expenses, both official and private. And yes, he pays taxes on it, but only ” after subtracting household expenses.”
If you still need more clarify on what a Duchy is, we have a whole explainer this way. But essentially, it consists of 52,449 “hectares of land” (farms, forests, rivers, coasts, quarries, residential properties) that William earns money on, not to mention £345 million worth of commercial properties that he also earns money on. Basically, it’s a massive property portfolio that William holds the keys to. And once he becomes King, it’ll get passed over to Prince George.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.cosmopolitan.com ’
