Prince William Receives $30 Million Salary from Duchy of Cornwall Estate, Assumes New Titles and Responsibilities
ICARO Media Group
The Prince of Wales, aged 42, was granted a staggering salary of $30 million from his inherited Duchy of Cornwall estate during the financial year of 2023-2024.
The Duchy of Cornwall, which was passed down to William from his father, King Charles III, upon his ascension to the throne in September 2022, recently released its Integrated Annual Report. The report revealed a significant surplus of $30.4 million for the 2023-2024 financial year, reflecting a prosperous period for the Prince's finances.
Along with the prestigious estate, Prince William also assumed the title of Duke of Cornwall. Furthermore, the report highlighted his appointment as the Patron of the Football Association (FA), a role previously held by his late grandmother, Queen Elizabeth II. The FA oversees England's male, female, youth, and disabled soccer teams, and William has been an enthusiastic supporter of the sport for many years.
The Prince has actively engaged with soccer initiatives in the UK, notably visiting Wrexham FC with Hollywood actors Ryan Reynolds and Rob McElhenney. Additionally, he traveled to Berlin, Germany, along with his son, Prince George, to witness the thrilling Euro 2024 final between England and Spain.
The Integrated Annual Report also disclosed William's newly acquired responsibilities, including oversight of the Welsh Guards Charity and the Royal Cornwall Agricultural Association. Moreover, he was named President of the Victoria Cross and George Cross Association, which bestows the highest military honors upon civilians and military personnel.
However, accepting the honor came at a cost, as the Prince had to relinquish his position as President of the organization Fields in Trust, which works to protect parks and green spaces across the UK.
As the future heir to the throne, Prince William, alongside his wife Kate Middleton and their three children, benefits from the tax-exempt Duchy of Cornwall. The private estate, valued at over $1 billion, finances the Prince's public, charitable, and private activities. Last year, the estate generated approximately $29 million, although William only received a portion of that amount, as he acquired the title and estate halfway through the year.
While Prince William's financial prospects have soared in recent times, it is his brother, Prince Harry, who anticipates a substantial windfall. Celebrating his 40th birthday on September 15, Prince Harry is rumored to receive a generous gift of $8.5 million from his share of the $90 million trust fund established by his late great-grandmother, The Queen Mother, before her passing in 2002.
This sizeable sum reportedly outshines the anticipated inheritance of his brother, Prince William, highlighting the differing financial circumstances between the two royal siblings.