Prince William‘s finances are in good shape, it appears. According to the annual Integrated Impact Report for the prince’s Duchy of Cornwall, the estate has generated a distributable surplus of £22.9 million, which is equivalent to about $30.9 million US. That’s a slight decrease from last year, when the estate reported a distributable surplus of 23.6 million British pounds.
This year marks William’s second as head of the Duchy of Cornwall, which is typically passed on to the heir to the throne. King Charles III was the previous head of the estate, which, per People, includes houses, farms, land and other assets across 130,000 acres spanning 23 counties in England and Wales. The Duchy, which was established by King Edward III in 1337, is worth over $1 billion today, and was passed on to Prince William after Queen Elizabeth died in 2022 and Charles assumed the throne.
William doesn’t earn a traditional salary for his royal duties, so it’s up to the Duchy to cover the private, official, and charitable expenses for the prince, wife Kate Middleton, and children Princess Charlotte, Prince Louis, and Prince George, the latter of whom is expected to inherit the Duchy when his father eventually becomes king.
According to its annual report, the past year was “one of both change and evolution for the Duchy, particularly in its organisational strategy to focus on positive impact for people, places and planet.”
Prince William, Prince of Wales at The Duchy Of Cornwall Nursery on July 10, 2023.
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