Prince William received a staggering $30 million from his first full year's income from the Duchy of Cornwall estate, a title and estate he inherited when his father, King Charles, ascended the throne.
On Thursday, July 24th, the Duchy of Cornwall released its comprehensive annual report, shedding light on the financial performance for the fiscal year 2023-2024. The report disclosed a distributable surplus of £23.6 million ($30.4 million). This income covers the official, charitable, and private expenditures of Prince William, Kate Middleton, and their three children.
The funds support various activities and responsibilities tied to their roles in the royal family, from public engagements to charitable initiatives.
When King Charles acceded to the throne in 2022, Prince William became the new Duke of Cornwall and head of the estate.
After Queen Elizabeth died, a royal source said that Prince William was "fully immersing himself" in his role as head of the Duchy of Cornwall.
The Prince of Wales has made several stops in the estate since inheriting it, including an overnight trip in May when he visited the site of the Duchy of Cornwall’s innovative housing project aimed at addressing homelessness in Newquay.
The report also highlighted updates to Prince William's patronages, including a shift in his role at The Football Association. A dedicated football fan, he will now serve as the patron of the FA, a position formerly held by his grandmother, Queen Elizabeth. William had been president of the FA since 2006, and the change reflects his senior role as Prince of Wales.
Additionally, Prince William will assume new patronages with the Welsh Guards Charity and the Royal Cornwall Agricultural Association, as well as become president of the Victoria Cross and George Cross Association.
He will also transition from president to patron of Fields in Trust.
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