1 month ago
Last Updated: July 24, 2024, 23:58 IST
London, United Kingdom (UK)
Prince William received a ‘salary hike’ and a new royal title. (Image: Reuters)
Prince William received a salary amounting to $30 million from the Duchy of Cornwall, an estate UK kings and queens use to provide funds for the heir.
Prince William, the prince of Wales, has received a massive salary amounting to $30 million from his Duchy of Cornwall estate during the 2023-2024 financial year, according to a report by the New York Post.
The Duchy of Cornwall is an estate the 42-year-old royal inherited from his father King Charles III when the older royal ascended the throne in 2022. The estate’s integrated annual report revealed the estate made a $30.4 million surplus for the 2023-2024 financial year.
It was set up by King Edward III to provide funds for the heir to the throne for generations to come in 1337 and is valued at more than $1 billion.
“It covers roughly 205 square miles of land across the UK, which includes over 20 counties, and comprises “arable and livestock farms, residential and commercial properties, as well as forests, rivers, quarries, and coastline,” the estate’s integrated annual report said.
Prince William, his wife Kate Middleton and their three children benefit from the tax-exempt Duchy of Cornwall. It is a private estate that funds Prince William’s public, charitable and private activities.
Prince William was also given the Duke of Cornwall title.
He was also given the title of Patron of the Football Association (FA), a title his grandmother Queen Elizabeth II held. The FA oversees England’s men’s and women’s professional, youth and disabled football teams. Prince William has been associated with the UK’s football scene for a long time.
He has been spotted with his son, Prince George, in several high-profile football games.
Williams now also presides over the Welsh Guards Charity and the Royal Cornwall Agricultural Association and is now the president of the Victoria Cross and George Cross Association.
The Victoria Cross and George Cross Association gives the highest military honour to civilians and military personnel.
Shankhyaneel Sarkar is a senior subeditor at News18. He covers international affairs, where he focuses on breaking news to in-depth analyses. He has o
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