Prince William, who became the Duke of Cornwall only in January, officially received 19 million pounds, equivalent to 30 million US dollars. This piece of information was revealed in the Integrated Annual Report of the Duchy of Cornwall, the organization that oversees the management of the royal family’s property in England.
Self-styled from the report, Prince William at the age of 42 earned £23 surplus. Six millions from the estate and this was before several assets during the marriage were sold off by husband, Alphonsus Mwaipopo. He assumed the title of Duke of Cornwall after his father, King Charles became the king in the year 2022.
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How Prince William’s Salary Works?
Prince William, who is also the Prince of Wales, does not work for a wage like an average joe would but is provided for. However, all of his annual costs are funded by the Duchy of Cornwall procedures unless otherwise warrants special attention.
What Is the Duchy of Cornwall?
The Duchy of Cornwall holding the title of the oldest documented princely duchy originated in 1337 when the English King Edward III granted the title of Duke of Cornwall to his eldest son. It was intended to offer cash to the monarch’s successor, therefore coming with the name of ‘corgi’. Now, it supports Prince William, his wife Kate Middleton, and their three children: Prince George, Princess Charlotte and Prince Louis.
This huge farming operation spans 23 counties in England and Wales and has an area of 130,000 acres. It comprises the lands, farms and houses and any other property that one may hold. ,and the estate is calculated to be over one billion dollars. These preludes suggest that Prince William will be taxed on earnings from the Duchy based on some of the home expenses deducted from the amount of money he receives.
Prince William’s Duties
On the death of Queen Elizabeth, Prince William was serious with his responsibilities owed as the Duke of Cornwall. A palace source told PEOPLE that he had been to the estate multiple times since ascending to the position.
Prince William and the Football Association
The report also talked about Prince William’s new role with The Football Association (FA). William, who loves football, will now be the FA’s new patron, a role his grandmother Queen Elizabeth held before. He has been the FA’s president since 2006. As the Prince of Wales, he now has a more important role in the organization.
