Prince William is rolling in dough!
We pretty much already knew that, what with him being King Charles‘ heir and one of the most prominent and most active working members of the royal family. But now, the Duchy of Cornwall‘s latest Integrated Annual Report proves just how much dough we’re talking about here… and the amount is massive!
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Per People and others, the Duchy of Cornwall — which has been given over to Wills after his father left its position as Duke upon ascending to the throne — laid out a “distributable surplus” in the name of Princess Catherine‘s husband during the 2023-2024 financial year for £23.6 million. That’s about $30.4 million USD, if you’re curious about the conversion. And that’s a MASSIVE salary!!
Based on the annual report, that sum covers all expenses for Prince William, Kate Middleton, and their children — including charitable and private ones. The history of it is pretty cool, too. See, the Duchy of Cornwall was first established by King Edward III way back in 1337 (yes, you read that right, 1337!) to provide funds for the heir to the throne. The estate is now worth more than $1 billion, with land holdings that span 130,000 acres across 23 counties in England and Wales. On that land, there are farms, housing tracts, and other assets that bring in cash. And Wills is the beneficiary!
FWIW, Prince William does pay income tax on that salary, minus housing expenses, per media reports. So, he’s gonna get hit with a massive tax bill, too. But $30 million?! That ain’t bad. That ain’t bad at all! Reactions, y’all?? Share ’em (below)!
[Image via MEGA/WENN]
