London, England – Prince William of Wales has seen a significant boost in his finances in the year 2024, following a challenging start to the year for his family.
In the latest financial report released by the Duchy of Cornwall, the estate inherited by Prince William from his father, King Charles III, revealed a surplus of $30.4 million for the 2023-2024 financial year. This surplus included an impressive salary of $30 million for the Prince of Wales.
Aside from the financial gains, the report also highlighted Prince William’s involvement in various organizations and charities. Notably, he was appointed as the Patron of the Football Association (FA), succeeding his late grandmother, Queen Elizabeth II, in the role. The FA oversees England’s professional, youth, and disabled soccer teams.
Furthermore, the report outlined Prince William’s responsibilities over the Welsh Guards Charity, the Royal Cornwall Agricultural Association, and his new role as president of the Victoria Cross and George Cross Association, which honors military personnel and civilians for their bravery.
As the heir to the throne, Prince William and his family benefit from the tax-exempt Duchy of Cornwall, which provides funding for their public, charitable, and private activities. The estate, established in 1337 by King Edward III, covers over 205 square miles of land across the UK, including farms, properties, forests, rivers, and coastline.
Looking ahead, Prince Harry, the Duke of Sussex, is set to receive a substantial cash gift upon turning 40 on September 15. Reportedly, he is expected to receive $8.5 million from a trust fund set up by his late great-grandmother, The Queen Mother, surpassing the amount Prince William is slated to receive.
The financial prosperity of the royal family members underscores their continued involvement in various philanthropic endeavors and highlights their contributions to the cultural and social fabric of the United Kingdom.