Prince William will increase his millionaire salary after the death of Queen Elizabeth II and access to the income of the Duchy of Cornwall

Prince William received a private income from the Duchy of Cornwall from almost 6 million British pounds (about 7.5 million dollars) this year, but could get more than 20 million pounds ($25 million) the following year, after fully inheriting the lands of the duchy, after the death of his grandmother, Isabella II, and the accession to the throne of his father, Carlos III.

The Duchy of Cornwall, _which is traditionally the support of the eldest son of the monarch of England_, is dedicated to supporting the public, private and charitable activities of the Prince of Wales and his family, according to its website. It brings together land, investments and property in 23 English counties, a conglomerate founded in the 12th century.

William is now entitled to surplus profits each year from the dukedom, which generated a record profit of more than £24 million in 2022-23.

The prince would normally have received 24 million British pounds (about $30 million) in private income, but his finances were complicated by becoming heir to the throne in the middle of the financial year, it said. Daily mail.

Charles III, as the former Prince of Wales, was entitled to more than 11 million pounds ($13.9 million) of surplus before the throne. And William, who spent about six months of the last fiscal year as Duke of Cornwall and Prince of Wales, was entitled to more than 12 million pounds ($15 million).

But Kensington Palace explained that it was a ‘one-off related to the change in the Dukes of Cornwall’, the voivodship team requested to retain part of the surplus for ‘working capital purposes’daily operation of real estate this year.

The duchy was left with £6.8 million ($8.5 million), leaving William with an income of £5.9 million ($7.4 million). In any case, the heir to the throne is expected to receive the full £24m in duchy income next year.

However, Alastair Martin, secretary of the Duchy and keeper of records, attributed the £23-24m increase to additional one-off income, suggesting the estate may not reach those record figures again.

“This will not continue and the surplus for 2023/24. it will not be at this level“, he said. “Revenues will return to current levels, there will be significant cost increases and a full program of repairs to finance.”

William will also receive money from his father to fund his official duties and private life while Duke of Cambridge for the first six months of the 2022-23 financial year.

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Charles III’s bill for activities of the heir to the throne and his family and other expenses, including capital expenditure and a transfer to the reserve, was £4.38m ($5.5m) for 2021-22.