"Indeed, new reports reveal that William's role as Prince of Wales and heir to the British throne comes with a steady, American CEO-level salary, which was $30.9 million for the 2024-25 financial year, People and other outlets said. This salary doesn't come from British taxpayers but from the Duchy of Cornwall, a private estate that was originally established back in 1337 and is passed down from one heir to the throne to the next."
"William inherited the Duchy when his grandmother, Elizabeth II, died, and his father, King Charles III, ascended to the throne in 2022. His salary from the estate, in the form of a net revenue surplus, is supposed to provide independence to the heir, with the sum covering his official, charitable and private expenses. William also is understood to pay tax on his income, but only after subtracting household expenses, which were not specified in the latest report, People reported."
Prince Harry and Meghan Markle have lost senior staff and face possible collapse of their Archewell brand while Prince William receives substantial income. William's Duchy of Cornwall payout totaled $30.9 million for the 2024–25 financial year and is funded by a private estate worth more than $1 billion. The Duchy, established in 1337, encompasses 130,000 acres across 23 counties and includes houses, farms and other assets. William inherited the Duchy after Queen Elizabeth II's death and King Charles III's accession in 2022. The net revenue surplus is intended to cover his official, charitable and private expenses, with tax calculated after household deductions, prompting debate about monarchy, privilege and comparisons to Harry's financial situation.
Read at www.mercurynews.com
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