Connect with us

NEWS

Prince William’s annual salary revealed after receiving his title changed

Published

on

Prince William

 

Prince William received a whopping $30 million income from his Duchy of Cornwall estate during the 2023-2024 financial year, multiple outlets report.

According to the reports, the Duchy of Cornwall — the estate William, 42, inherited from his father, King Charles III, when he ascended the throne in Sept. 2022 — garnered a distributable surplus of £23.6 million ($30.4 million) from its investments, per its latest Integrated Annual Report.

Along with the estate, William was given the Duke of Cornwall title.

The report also revealed William — an avid football fan — has been given the title of Patron of the Football Association. The title was previously held by his grandmother, Queen Elizabeth II.

This FA oversees England’s men’s and women’s professional, youth and disabled soccer teams.

Furthermore, he has been given authority over the Welsh Guards Charity and the Royal Cornwall Agricultural Association and was named president of the Victoria Cross and George Cross Association.

 

Prince William

The Victoria Cross and George Cross Association gives the highest military honor to civilians and military personnel.

William gave up his title of president of Fields in Trust, however, to become a patron. Fields in Trust is an organization that protects parks and green spaces across the UK.

Officially, The Duchy is a private estate that covers William, Kate Middleton and their three children for their “official, charitable and private activities.”

The expansive estate is valued at more than $1 billion and was established in 1337 by King Edward III to provide funds for the heir to the throne for generations to come. Physically, it covers roughly 205 square miles of land across the United Kingdom, which includes over 20 counties.

Prince William

According to the 2023 report, it is comprised of “arable and livestock farms, residential and commercial properties, as well as forests, rivers, quarries, and coastline.”

The Duchy is expected to be managed “in a way that is sustainable, financially viable and of meaningful value to the local community,” the report added.

The Duke of Cornwall voluntarily pays income tax on the annual revenue surplus he receives after he deducts business-related costs. The estate is exempt from corporation tax, as it is not a separate legal entity.

The 2023 – 2024 year marks the first time William and his family saw the full surplus of the estate.

Last year, The Duchy garnered about $29 million, though William only saw a portion of that because he inherited the title and estate halfway through the fiscal year.

Out of the $29 million, he brought home just over $7.4 million after the estate requested to keep more than $8.67 million of his cut for “working capital purposes.”

King Charles, meanwhile, snagged a $14.225 million payday.

CELEBRITY49 minutes ago

President Trump Imposes Sweeping Tariffs on the Rest of the World: Here’s how the world is reacting and how Americans could be affected…

CELEBRITY2 hours ago

Fans rip into Travis Kelce for blaming NFL struggles on Taylor Swift fame: ‘Loved it as much as her but…’

CELEBRITY2 hours ago

Watch the Emotional moment Travis Kelce meets niece Finnley on New Heights for the first time But what he said gave a hint to the fact that…

CELEBRITY3 hours ago

The Latest Updates on Elon Musk’s Paternity and Custody Drama with Ashley St. Clair

CELEBRITY12 hours ago

Kylie Kelce REVEALS Anne Kelce’s FACE FOR THE FIRST TIME—Then Reveals SHOCKING Information About Her Newborn Baby!

CELEBRITY1 day ago

SHOCKING NEWS: Suri Cruise, Daughter of Tom Cruise and Katie Holmes, Splits with Toby Cohen and Starts a New Relationship—What’s Making Headlines is Her Comments About… CONTINUE READING ⤵️ ⤵️

CELEBRITY1 day ago

Congrats to Jason and Kylie Kelce on the birth of Finnley Anne!!! 😍

CELEBRITY1 day ago

Swifties and Chiefs Kingdom are losing their minds over the latest rumor: Taylor Swift might be cooking up her 12th album with none other than Travis Kelce by her side! A newly surfaced Video has set the internet ablaze, showing the power couple in what appears to be a recording studio, with Travis seemingly…See more ⤵️ ⤵️

CELEBRITY1 day ago

Taylor Swift and Travis Kelce’s Secret Charity: Power Couple’s Big Giveback Goes Viral

CELEBRITY2 days ago

Travis Kelce Admits He Finds Taylor Swift Boring And Unattractive—Says It’s Time To Let Her Go because it’s as though they are both faking it…

CELEBRITY2 days ago

BREAKING: After 14years, Chris Hemsworth files for divorce from wife Elsa Pataky after she neglected all the necessity between… See more

CELEBRITY2 days ago

Patrick Mahomes opens up about the STRANGE condition of his newborn baby, and the whole family is immersed in a gloomy atmosphere.😮😲 Patrick Mahomes, the renowned quarterback for the Kansas City Chiefs, and his wife, Brittany Mahomes, recently faced a concerning health situation with their infant son, Patrick “Bronze” Lavon Mahomes III. Read more 👇👇👇

Copyright © 2024 Luxurydiorusa