Prince William’s eye-popping annual salary revealed in royal report

After his first afloat twelvemonth arsenic nan Duke of Cornwall, Prince William earned complete $42 cardinal successful 2023, according to a recently released royal report.

On Wednesday, nan Integrated Annual Report from nan Duchy of Cornwall revealed nan distributable surplus from nan estate, which is paid to nan duke, totalled £23.6 million (C$42 million).

The magnitude is calculated earlier a voluntarily income tax, which nan Duchy says Prince William has ever opted to pay. Household expenses are besides subtracted from nan salary, though nan magnitude is unclear.

The $42 cardinal sum covers nan “official, charitable and backstage activities” of Prince William, nan Princess of Wales, Kate Middleton, and their 3 children, Prince George, Princess Charlotte and Prince Louis.

Prince William, 42, took complete arsenic nan Duke of Cornwall aft his begetter King Charles III ascended to nan throne successful 2022. The position is ever fixed to nan monarch’s eldest surviving boy and heir to nan throne — aliases successful nan lawsuit wherever location is nary heir, nan Duchy reverts backmost to nan monarch.

The Duchy of Cornwall is simply a private estate consisting of astir 52,450 hectares of onshore crossed 20 counties, mostly successful nan Southwest of England. The property is managed by Prince William and His Majesty’s Treasury and has functioned since 1337 to supply costs for nan heir to nan throne.

Prince William is moving to turn nan estate’s income while maintaining its value, according to nan report. The royal besides hopes to little nan estate’s biology footprint and make it nett zero by nan twelvemonth 2032, arsenic good arsenic “to reside nan homelessness situation successful Cornwall” done associated charities.

The study maintains nan Duchy is “pleased” to person garnered nan $42 cardinal distributable surplus while spending a “record amount” connected spot repairs and maintenance, and investments successful staffing and sustainability efforts.

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Prince William’s net is to beryllium spent arsenic he sees fit, nan Duchy said.

The property is worth much than £1 billion (C$1.78 billion).

The median yearly salary for full-time labor successful nan U.K. is astir £35,500 (C$63,200). High inflation successful nan state has seen a autumn successful mean family income successful nan years aft nan COVID-19 pandemic.

The House of Commons reports 1 successful six group successful nan U.K. are surviving successful comparative poorness — though this fig increases to 1 successful 5 group erstwhile lodging costs are accounted for.