The Duke of Cournalles, the title that gives William the highest salary since Windsor: this is the amount of millions that Kate Middleton’s husband pockets annually

Since Prince William became first in line to the British throne, the responsibilities and titles in the monarchy, as well as the heir’s finances, have grown considerably.

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After the death of Queen Elizabeth, the 41-year-old son of King Charles became the new Prince of Wales, a royal title that was also given to his wife Kate Middleton.

In addition, he received other titles and ducats that generate significant income, including that of Cornwall, which is one of the Crown’s highest dividend yields.

The Duchy of Cornwall, formerly owned by Charles, is a portfolio of properties that produce an annual income of more than $26 million.

What was Prince William’s salary?

According to the Duchy of Cornwall’s 2023 annual report, William received more than $7.5 million in private income this year. The Duchy made a net profit of more than $30 million during the 2022-2023 fiscal year, Page Six reports

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However, William shared the amount with his father, King Charles, as he inherited the title of Duke of Cornwall in the middle of the tax year and, as the monarch was the previous holder of that royal title, was entitled to that income.

Charles needed $14 million while William was entitled to $16 million, but the Duchy decided to keep some of the money for “working capital purposes”, resulting in King Charles and his son getting just over $7 million, as explained Page Six.

What will Prince William do with the money?

The son of Lady Di could set aside part of his earnings for the education of his three children, George, Charlotte and Louis, writes the Spanish magazine Lecturas.

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William and Kate recently visited the prestigious Eton College, where the Prince of Wales studied. It is possible that this visit is connected with the future admission of his son, Prince George, despite the fact that he is currently only 9 years old, and students enter the institution at 13 years old.

The annual cost of studying at this prestigious school exceeds $53,000, so William will have to have enough money to cover all expenses. Also, next year the prince’s income could increase even more because he will receive the full profit recorded by the principality. (AND)