Prince William's billion-pound fortune revealed in annual report
Prince William has completed his first year as the official heir to the British royal family. The annual report makes his earnings public and accessible to everyone. His new role has brought him significant income. So, how much does Prince William earn?
3:11 PM EDT, July 26, 2024
Following Charles III's coronation as King of the United Kingdom, his eldest son William was officially named the next heir to the throne. William also gained a new title: Duke of Cornwall.
The new title also comes with responsibilities. These include managing the Duchy of Cornwall, a private estate encompassing about 129,600 acres of land in 20 counties, mainly in southwestern England. Prince William and His Majesty's Treasury manage the estate.
In recent days, British media have focused on the report published annually by the Duchy of Cornwall. It reveals the wealth of 42-year-old William.
Prince William's wealth
Prince William is a billionaire who owns the Duchy of Cornwall estate. The value of Cornwall is estimated at one billion pounds or over six billion dollars.
British media reported that the British heir to the throne had earned a real fortune in the last tax year. That's 23.6 million pounds, or about 28 million dollars. This sum is intended to cover the charitable and private expenses of Prince William, Kate Middleton, and their three children.
According to the report, Prince William is increasing the estate's income while maintaining its value. The Royal Family hopes to achieve a net-zero balance by the year 2032 and also to "address the homelessness issue in Cornwall" through related charitable organizations.
However, Prince William has bigger concerns than earnings and tax filings. Two of the closest people to him are ill. His wife, Duchess Kate, announced in March that she is battling cancer. A month earlier, news spread from Buckingham Palace that King Charles III is also suffering from cancer.
