Current:Home > Contact-usPrince William's Royally Shocking 2023 Salary Revealed-LoTradeCoin
Prince William's Royally Shocking 2023 Salary Revealed
View Date:2024-12-23 20:52:48
Prince William’s salary is, quite literally, fit for a prince.
The Prince of Wales received a whopping $31 million from his first full year’s income from the Duchy of Cornwall estate, which he inherited when King Charles III became the monarch.
William, whose salary is based on the distributable surplus of the Dutchy, earned a record £24 million, according to the estate’s Integrated Annual Report published July 24.
Secretary and Keeper of the Records Alastair Martin noted that the estate generated a record number from the year before when Charles was in charge. And while he didn’t expect to see an increase when the 42-year-old stepped in, he’s confident there won’t be much of a jump going forward.
“This will not continue and the surplus for 2023/24 will not be at this level,” Alastair wrote in his letter in the report. “Income will return to ongoing levels, there will be significant cost increases and a full repairs programme to finance.”
Since William is a working member of the royal family, he doesn’t have a traditional income. Instead, the Duchy covers his annual expenses. The 25th Duke of Cornwall—who shares kids Prince George, 11, Princess Charlotte, 9, and Prince Louis, 6, with Kate Middleton—does pay income taxes but the report does not specify how much.
Established in 1337 by Edward III for his son Prince Edward, the private estate maintains the assets of the heir to the throne. Their estate—worth over $1 billion—includes about 130,000 acres of land in 20 counties across England comprising farms, residential properties, forests, rivers and more, per the estate.
When Charles ascended to the throne following Queen Elizabeth II's death, announcing William’s new roles—including Prince of Wales—and the future of their estate was a priority.
"As my Heir, William now assumes the Scottish titles which have meant so much to me," the 75-year-old said in his first speech after Elizabeth’s death in September 2022. "He succeeds me as Duke of Cornwall and takes on the responsibilities for the Duchy of Cornwall, which I have undertaken for more than five decades."
"With Catherine beside him,” he continued, “our new Prince and Princess of Wales will continue to inspire and lead our national conversations, helping to bring the marginal to the center ground where vital help can be given."
For the latest breaking news updates, click here to download the E! News AppveryGood! (35319)
Related
- Rachael Ray Details Getting Bashed Over Decision to Not Have Kids
- Everything to Know About Vanderpump Rules Season 11
- Melanie Lynskey and More Stars Who Just Missed Out on Huge Roles
- Barack and Michelle Obama's Chef Dies While Paddleboarding Near Their Martha's Vineyard Home
- Tony Todd, star of 'Candyman,' 'Final Destination,' dies at 69
- Doja Cat Debuts Her Boldest Hair Transformation Yet With Spider Design
- Why Taylor Lautner Says Hanging With Wife Tay and Ex Taylor Swift Was the Perfect Situation
- Islanders, Get Your First Look at Ariana Madix on Love Island USA
- Timothée Chalamet Details How He Transformed Into Bob Dylan for Movie
- TikToker Emily Mariko Marries Matt Rickard
Ranking
- Massachusetts lawmakers to consider a soccer stadium for the New England Revolution
- Make Your Dream Aesthetic Kitchen a Reality with These Organizers from Amazon
- Fall Fashion Finds You Can Get on Sale Right Now: Sweaters, Scarves, Boots, Denim & More
- Shop the Summer Shoes From Schutz That Everyone’s Buying Right Now
- Target will be closed on Thanksgiving: Here’s when stores open on Black Friday
- Kylie Jenner Shares BTS Photo From Day of Her Reunion With Jordyn Woods
- Get Cozy With 60% Off Barefoot Dreams Deals: Cardigans, Blankets, Pajamas, Loungewear, and More
- Ariana Grande Shared How Wicked Filming Healed Her Ahead of Ethan Slater Romance
Recommendation
-
Judge sets date for 9/11 defendants to enter pleas, deepening battle over court’s independence
-
Hermès Muse Jane Birkin Laid to Rest After Daughters Carry Her Casket Into Funeral Service
-
What is AI? Experts weigh in
-
Tiffany Haddish Shares She Had 8 Miscarriages
-
Prayers and cheeseburgers? Chiefs have unlikely fuel for inexplicable run
-
MrBeast YouTuber Kris Tyson Comes Out as Transgender
-
Maria Menounos Shares Insight Into First Weeks of Motherhood With Her Baby Girl
-
4 stabbed in series of unprovoked attacks; suspect shot dead by officer: Police