UPDATE: New reports confirm that Prince William earned a staggering £22.9 million (approximately $30.8 million) in the recently released financial breakdown for the 2024-2025 fiscal year. This urgent revelation sheds light on the Prince of Wales’ substantial income from the Duchy of Cornwall, a royal estate established in 1337 to support the heir to the British throne.
As the Duke of Cornwall, a title acquired after his father, King Charles III, ascended the throne in 2022, William’s financial report highlights his earnings and the responsibilities that come with them. The funds from the Duchy not only support William and Princess Kate Middleton but also provide for their three children: Prince George, Princess Charlotte, and Prince Louis.
The Duchy of Cornwall Integrated Annual Report details that the surplus made available to the royal family represents a drop from last year’s figure of £23.6 million (around $31.7 million). Kensington Palace has confirmed that William pays federal taxes on this income, although specific tax amounts remain undisclosed.
In a letter accompanying the report, Will Bex, secretary and keeper of records, stated, “I’ve spent my first few months at the Duchy listening and learning… We are bringing positive change to the Duchy.” This commitment to transformation underscores the ongoing evolution of the estate’s management.
This financial disclosure comes at a significant time, as the royal family navigates public scrutiny and evolving responsibilities. Earlier this year, King Charles III saw a remarkable increase in his net worth, jumping by $40 million to an estimated £640 million (over $862 million), according to the Sunday Times‘ annual Rich List.
Understanding the broader context, the Sovereign Grant plays a pivotal role in royal finances, funding operational costs rather than personal income. This grant, derived from the Crown Estate, is distinct from the Duchy, which serves the heir.
As this financial landscape unfolds, the public is left pondering the implications of these figures on the royal family’s image and future engagements. The next steps for William include addressing public expectations and continuing to adapt to his responsibilities as a prominent royal figure.
Stay tuned for further updates on this developing story, as the royal family’s financial disclosures continue to capture public interest.
