Prince William's Duchy Earnings Revealed: A $30.8 Million Income for the Royal Family

As a member of the royal family, Prince William doesn’t receive a conventional salary — but he certainly generates income.

This year’s Duchy of Cornwall Integrated Annual Report detailed the Duke of Cornwall’s earnings for the 2024-2025 financial year. William, 43, officially assumed the title as Duke of Cornwall after his father, King Charles III, ascended to the throne in 2022.

The Duchy of Cornwall is an estate established by King Edward III in 1337, providing funds for the heir to the British throne. Proceeds from the Duchy of Cornwall cover the charitable and private expenses for William, Princess Kate Middleton and their three children, Prince George, Princess Charlotte and Prince Louis. (The royal family’s overall income is provided by the taxpayer-funded Sovereign Grant, which is distributed annually.)

“I’ve spent my initial months at the Duchy listening and learning; from colleagues, stakeholders and tenants across the estate,” secretary and keeper of records Will Bex said in his letter released alongside the report. “Working closely with The Duke, this is a period of reflection and transformation. We are implementing positive change within the Duchy, and this takes many forms, the first being a refocusing of our organizational strategy.”

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Kensington Palace confirmed to Hello! Magazine this past July that William does, in fact, pay federal taxes on the funds he receives from the Duchy of Cornwall. It is not required that William disclose specifics about how much he pays in taxes. (Charles publicly disclosed his annual tax payments while he was in his son’s position from 1993 to 2022.)

“The Prince of Wales pays the highest rate of income tax,” the Prince of Wales’ secretary, Ian Patrick, shared in a statement at the time.

Keep scrolling for details about how much money Prince William made in 2025:

How Much Money Did Prince William Make in 2025?

According to the Integrated Annual Report the distributable surplus allocated to William and his family amounted to £22.9 million, which converts to approximately $30.8 million.

Did Prince William Make More Money in 2025 Than 2024?

No, the surplus awarded to William last year — his first as the Duke of Cornwall — was £23.6 million, which converts to roughly $31.7 million.

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How Much Money Did King Charles III Make in 2025?

Earlier this year, it was revealed that Charles’ net worth experienced a $40 million increase.

U.K. newspaper The Sunday Times published their annual “Rich List” in May, revealing that his estimated net worth was £640 million, which converts to more than $862 million.

Us Weekly previously reported that Charles earns $25 million as the king.

What Is the Sovereign Grant?

The Sovereign Grant is money distributed by the Crown Estate, a business entity that manages property for the British royal family. Funds from the Sovereign Grant don’t directly go to family members, rather they are spent on maintaining their extensive land portfolio and covering staff costs.

There is a separate trust, the Duchy of Lancaster, reserved for the British monarch specifically — in this case, Charles.