The British royal family have released their latest financial report, and with it comes confirmation of their immense wealth.
We all know that the royals live luxurious lives, but these newly unveiled numbers really put into perspective just how much they earn.
Every year, the royal family releases annual reports that detail all of their finances from the year prior.
Their 2023-2024 report has now been unveiled, and Prince William’s eye-watering salary has been confirmed.
Last year, the Prince of Wales had an income of $45 million AUD in his role as the Duke of Cornwall.
The eldest son of the reigning monarch is entitled to profits of the Duchy of Cornwall estate, which is one of the biggest and oldest estates in Britain. It was established in 1337 by Edward III, and extends across 23 counties in England and Wales.
This past year was William’s first full financial year as the Duke of Cornwall, and therefore he received the full amount.
This money is used to fund the lives of the entire Wales family, including their official, charitable, and personal expenses. Prince William, Princess Catherine and their three children Prince George, Princess Charlotte and Prince Louis all live off this income.
But this isn’t the only income Prince William receives, which means his net worth is quite hefty.
When he turned 21 years old, he received an inheritance from his great-grandmother, the Queen Mother, thanks to a trust fund she set up in 1994.
He received around $6 million AUD at the time, and when he turned 40 years old he was given another sum of around $8 million.
Additionally, when his mother Princess Diana passed away in 1997, she left her sons around $15 million AUD after taxes. The Prince of Wales started receiving annual dividends of $600,000 at the age of 25.
Due to all of these income streams, it’s estimated by CelebrityNetWorth that Prince William’s net worth currently sits around $150 million AUD.
As the heir to the throne, Prince William is also set to inherit many new art collections, and estates – worth $15 billion dollars – as well as will receive an annual government salary of nearly $20 million when he becomes king.
Additionally, it’s likely he received a portion of the late Queen Elizabeth’s personal net worth of $750 million AUD when she passed away, which includes a variety of properties and jewellery.
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