Prince William amasses CAD 55M in first year as Duke of Cornwall
Prince William has completed his first year as the official heir to the British royal family. Thanks to the annual report, his earnings are public and accessible to everyone. His new role has brought him significant profits. How much does Prince William earn?
Following Charles III's coronation as King of the United Kingdom, his eldest son William was officially named the next heir to the throne. William also gained a new title: Duke of Cornwall.
The new title also comes with responsibilities. These include managing the Duchy of Cornwall, which encompasses about 52,420 hectares of land in 20 counties, mainly in southwestern England. Prince William and His Majesty's Treasury manage the estate.
In recent days, British media have focused on the report published annually by the Duchy of Cornwall. It reveals the wealth of 41-year-old William.
Prince William's wealth
William is the owner of the Duchy of Cornwall estate, which makes him a billionaire. The value of Cornwall is estimated at one billion pounds, which is over 1.7 billion Canadian dollars.
British media report that the British heir to the throne earned a real fortune in the last tax year. That's exactly 23.6 million pounds, which is about 40 million dollars Canadian. This sum is meant to cover the charitable and private expenses of Prince William, Kate Middleton, and their three children.
According to the report, Prince William is working on increasing the estate's income while maintaining its value. The Royal Family hopes to achieve a net-zero balance by the year 2032 and also to "help tackle homelessness" in Cornwall" through related charitable organizations.
However, Prince William has more significant concerns than earnings and tax filings. Two of the closest people to him are ill. His wife, Duchess Kate, announced in March that she is battling cancer. A month earlier, news spread from Buckingham Palace that King Charles III was also suffering from cancer.
