51 NewsJul 25, 2024 Prince William’s Jaw-Dropping Income Revealed After First Year In New Role Binitha Jacob BoredPanda staff Open list comments 13 Vote arrow up Vote arrow down 12 Open list comments 13 Checkmark Link copied! Share icon Share Checkmark Link copied! Share icon Share Modal close ADVERTISEMENT After stepping into his new role with a bang, Prince William‘s eye-popping income reveals the staggering financial power of his current title. The Prince of Wales, 42, has completed his first full year as the Duke of Cornwall and received a massive sum of money for the 2023-2024 financial year.His current income was revealed in the Integrated Annual Report published on Wednesday by the Duchy of Cornwall—the estate that he inherited from his father, King Charles III, when the monarch assumed the throne in September 2022. Highlights Prince William received an impressive $30 million from his first full year's income from the Duchy of Cornwall estate. The $30 million income covers the official, charitable, and private expenses for Prince William and his family of five. The Duchy of Cornwall estate is worth more than $1 billion and spans nearly 130,000 acres across some 20 counties in England and Wales. The estate was established in 1337 by King Edward III to provide income to the heir to the British throne. RELATED: Prince William’s income as the new Duke of Cornwall was revealed in a report released by the Duchy of Cornwall this weekShare iconImage credits: The Prince and Princess of Wales / Instagram Share iconImage credits: The Prince and Princess of Wales / Instagram The report revealed that Prince William received an impressive $30 million from his first full year’s worth of income from the estate.Prince William, the heir to the British throne, became the 25th Duke of Cornwall after his father’s ascension. King Charles was the Duke of Cornwall until 2022, and the Duchy of Cornwall estate provided for his needs until he passed down the title to his first-born son.ADVERTISEMENTThe Duchy of Cornwall is a vast private estate established in 1337 by King Edward III to provide income to the heir to the British throne. Spanning nearly 130,000 acres across some 20 counties in England and Wales, it includes land, farms, houses, and other assets worth more than $1 billion.The 42-year-old heir to the British throne received the new title after his father, King Charles III, assumed the throne in September 2022 View this post on Instagram A post shared by The Prince and Princess of Wales (@princeandprincessofwales) View this post on Instagram A post shared by The Prince and Princess of Wales (@princeandprincessofwales)This week’s report, released by the Duchy of Cornwall, highlighted a distributable surplus of £23.6 million ($30.4 million) for the 2023-2024 financial year. This sum covers the official, charitable, and private expenses for Prince William and his family of five.Alastair Martin, the Duchy’s secretary, had a letter included in the report about the estate’s purpose and goals. He touched upon the new Duke of Cornwall’s activities over the past year as well.The Prince of Wales received $30 million during the 2023-2024 financial year from his Duchy of Cornwall estate, which funds the public, charitable, and private expenses for his family of fiveADVERTISEMENT View this post on Instagram A post shared by The Prince and Princess of Wales (@princeandprincessofwales) View this post on Instagram A post shared by The Prince and Princess of Wales (@princeandprincessofwales)“Over the years, I have had the privilege of introducing the 25th Duke to the Duchy, with visits to the estate to meet tenants, and more recently as he and his advisers attended meetings of various Duchy Committees,” he wrote.“This year has been the first full year with the ‘new team’ in post, and it has been a busy year. Four meetings of The Prince’s Council were held,” he continued. “In addition, His Royal Highness attended a number of other committee meetings and visited tenants and property. Our new Council members and advisers have given generously of their time and expertise, both in meetings and across the estate.” Ic_polls Poll Question Thanks! Check out the results: Newsletter Subscribe to Access Exclusive Polls Subscribe By entering your email and clicking Subscribe, you're agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Privacy Policy. Ic check outlined Thank you! You've successfully subscribed to newsletters! Ic_puzzle Games View all games Anyone can write on Bored Panda. Start writing! Follow Bored Panda on Google News! Follow us on Flipboard.com/@boredpanda! Share on Facebook Binitha Jacob Author, BoredPanda staff View profile Read more » Working as a writer for Bored Panda offers an added layer of excitement. By afternoon, I'm fully immersed in the whirlwind of celebrity drama, and by evening, I'm navigating through the bustling universe of likes, shares, and clicks. This role not only allows me to delve into the fascinating world of pop culture but also lets me do what I love: weave words together and tell other people's captivating stories to the world Read less » Binitha Jacob Author, BoredPanda staff Read more » Working as a writer for Bored Panda offers an added layer of excitement. By afternoon, I'm fully immersed in the whirlwind of celebrity drama, and by evening, I'm navigating through the bustling universe of likes, shares, and clicks. This role not only allows me to delve into the fascinating world of pop culture but also lets me do what I love: weave words together and tell other people's captivating stories to the world Read less » View profile Get the latest inspiring stories via our awesome iOS app! Download Bored Panda app! What do you think ? Add photo comments POST Nathaniel He/Him Cis-Het Nathaniel He/Him Cis-Het Community Member • points posts comments upvotes FollowUnfollow 2 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017 Round attention Svg Vector Icons : http://www.onlinewebfonts.com/icon Report Breaking news. Royalty have a shed load of money. More at 10. Vote comment up 12 12points Vote comment down reply Tucker Cahooter Tucker Cahooter Community Member • points posts comments upvotes FollowUnfollow 2 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017 Round attention Svg Vector Icons : http://www.onlinewebfonts.com/icon Report Well done that man for choosing to have royalty for parents. I certainly made a big mistake by choosing to be born to poor working class people. Vote comment up 10 10points Vote comment down reply Donkey boi Donkey boi Community Member • points posts comments upvotes FollowUnfollow 2 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017 Round attention Svg Vector Icons : http://www.onlinewebfonts.com/icon Report But.... That's how The Duchy of Cornwall works. It is a business (or more accurately, a collection of businesses), designed to be the sole source of income for the royal heir, it's been around since the 1300's, and is legally exempt from tax. Charles, and now William, have always paid tax on it at the highest rate. The profits from it generally go back into the businesses and any "surplus" goes to the heir (in this instance, £23.6m). That surplus pays for Williams lifestyle, for sure, but most of it goes to paying for their royal duties and charity donations. Whist originally designed to provide income for the heir, early on in Charles' tenure, he shifted the focus to preserving dying trades, traditions, and business. As well as preserving land, regulating development, and building homes for ex-servicemen & women, and the homeless. Vote comment up 5 5points Vote comment down reply Load More Comments POST Nathaniel He/Him Cis-Het Nathaniel He/Him Cis-Het Community Member • points posts comments upvotes FollowUnfollow 2 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017 Round attention Svg Vector Icons : http://www.onlinewebfonts.com/icon Report Breaking news. Royalty have a shed load of money. More at 10. Vote comment up 12 12points Vote comment down reply Tucker Cahooter Tucker Cahooter Community Member • points posts comments upvotes FollowUnfollow 2 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017 Round attention Svg Vector Icons : http://www.onlinewebfonts.com/icon Report Well done that man for choosing to have royalty for parents. I certainly made a big mistake by choosing to be born to poor working class people. Vote comment up 10 10points Vote comment down reply Donkey boi Donkey boi Community Member • points posts comments upvotes FollowUnfollow 2 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017 Round attention Svg Vector Icons : http://www.onlinewebfonts.com/icon Report But.... That's how The Duchy of Cornwall works. It is a business (or more accurately, a collection of businesses), designed to be the sole source of income for the royal heir, it's been around since the 1300's, and is legally exempt from tax. Charles, and now William, have always paid tax on it at the highest rate. The profits from it generally go back into the businesses and any "surplus" goes to the heir (in this instance, £23.6m). That surplus pays for Williams lifestyle, for sure, but most of it goes to paying for their royal duties and charity donations. Whist originally designed to provide income for the heir, early on in Charles' tenure, he shifted the focus to preserving dying trades, traditions, and business. As well as preserving land, regulating development, and building homes for ex-servicemen & women, and the homeless. Vote comment up 5 5points Vote comment down reply Load More Comments You May Like "Bad Idea": Man Posts New Photos To Prove He Is King Charles' Secret Son And Heir Ugnė Lazauskaitė Woman Hospitalized After Liposuction Procedure Using AliExpress Dental Phlegm Suction Machine Karina Babenok F1 Driver Michael Schumacher Allegedly Appears In Public For First Time In 11 Years, Fans Stunned Donata Leskauskaite Back to Homepage More about News Homepage Trending News Arrow point to left Homepage Next in News Arrow point to right Related on Bored Panda
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