The British royal family dropped their yearly financial reports on Thursday, June 29, and among the findings is Prince William‘s annual salary.
Per the Duchy of Cornwall report, William, 41, receives nearly £6 million, which amounts to approximately $7.5 million, a year.
“The Duchy is a private estate that provides an income to The Duke of Cornwall and his family to fund his official, charitable and private activities,” a statement in the report reads. “It is managed in harmony with the natural environment and for the benefit of its local communities so that it can be passed on with pride to the next generation.”
William was named the Duke of Cornwall — a title that previously belonged to his father, King Charles III — in September 2022 when Charles, 74, assumed the throne as king. (His Majesty succeeded mother Queen Elizabeth II after her death at the age of 96.) William is the 25th Duke of Cornwall, primarily using his title to focus on tackling climate change initiatives across the estate.
According to the report, the duchy was established through King Edward III’s Great Charter of 1337 to bequeath land and various assets to his son, Prince Edward. “The land, property and other assets of the Duchy, and the proceeds of any disposals of assets, are subject to the terms of the original Charters and the Duchy of Cornwall Management Acts,” the statement added. “These govern the use of the Duchy’s assets for the benefit of the present and future Dukes of Cornwall. The Prince of Wales, as The Duke of Cornwall, is entitled to the annual net revenue surplus of the Duchy.”
Such funds help William cover living expenses for his family with wife Princess Kate, including their three children: Prince George, 9, Princess Charlotte, 8, and Prince Louis, 5.
Charles’ household also released its annual spending report on Thursday for the period between April 2022 to March 2023. In the statement, it was revealed that the royals…
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