LONDON: Prince William, the heir to the British throne, earned a substantial £23.6 million ($30.4 million) in the past financial year from the Duchy of Cornwall estate, according to figures released today.
As per the annual report from the estate, which provides income for the Prince of Wales, there was a surplus of £23.6 million available for the 2023-2024 financial year. The sum covers the official, charitable, and private expenses of Prince William, his wife Kate Middleton, and their three children, as per the reports.
Prince William does not receive a regular salary unlike other members of the royal family. His income is derived from the Duchy of Cornwall, a historic state setup in 1337 to support the heir apparent. Covering 130,000 acres across England and Wales, the estate is valued at over $1 billion.
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Although Prince William benefits from the substantial income, he is also subject to income tax. However, the exact amount he pays remains vague as details of his household expenses have not been publicly disclosed.
The Prince of Wales assumed the role of Duke of Cornwall in 2022 when his father, King Charles III, ascended to the throne.
