Prince William’s salary has been made public, revealing he earned more than $30 million in his first full year as Duke of Cornwall

As the Prince of Wales, William makes a lot of money, which is to be expected of course. We expect nothing less from a royal. But a few days ago, Prince William’s salary was made public and it sent the internet into a frenzy.

The Duchy of Cornwall published its Integrated Annual Report on July 24, revealing that the 42-year-old prince received $30.4 million for the 2023-2024 financial year, his first full year under his new title, Duke of Cornwall . He inherited the title and property of the Duchy of Cornwall when his father, King Charles III, ascended the throne in 2022.

The staggering income goes towards the official, charitable and personal expenses of Prince William, as well as his wife, Kate Middleton, and their three children, George, Charlotte and Louis. Technically, William does not receive a traditional salary.

Instead, his expenses are largely covered by the Duchy of Cornwall, an estate that was established in 1337 by King Edward III to provide funds for the heir to the throne.

The estate is worth over a billion dollars and covers 130,000 acres in 23 counties in England and Wales. The land is comprised of farms, residential and commercial properties and other assets.

Prince William voluntarily pays income tax on the entire income he receives from the estate after deducting household expenses and business-related costs. His tax bill has not been specified, which departs from a tradition his father, King Charles III, established in years past.

Every year the king publishes a full breakdown of his taxes. In his last year as Duke of Cornwall in 2022, he paid $7.6 million in taxes. Kensington Palace has insisted that Prince William pays an “appropriate” level of income tax, although it has not made it public.

In addition to salary, the newly released report highlighted travel expenses for the royal family. It rose by nearly $400,000 to a total bill of $5.4 million in 2023, despite there being about 400 fewer visits and less foreign travel than the previous year.

The report also announced a change in Prince William’s role at the Football Association (FA). He was given the title of patron of the FA, a position previously held by his grandmother, Queen Elizabeth.

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