Prince William’s massive salary revealed

It certainly pays to be the Duke of Cornwall. After taking over the title from his dad, William’s income for just half a financial year has been revealed.

Prince William’s salary has been revealed. Picture: Joe Giddens/Pool/AFP

Prince William received a private income of just under £6 million (A$11,434,000) this year, according to the Duchy of Cornwall’s 2023 annual report.

William, 41, became the Duke of Cornwall following his grandmother’s death and his father, Charles’ ascension to the throne, meaning he is now also entitled to any surplus of profits from the dukedom.

In the financial year of 2022 to 2023, the Duchy recorded net profits of £24.048 million ($45,800,000), according to the report, which was up £1.02 million ($1,944,260) from £23.024 million ($43,886,000) from the year before.

The Prince of Wales would usually be entitled to the full $45.8 million profit as his private income, but it was not the case this time as he only became heir halfway through the financial year.

The Palace also asked that as a “one-off associated with the change in Dukes of Cornwall”, the Duchy team retain a proportion of the surplus for “working capital purposes” – i.e. the day-to-day costs of running of the estate.

William was therefore left with an income of £5.9 million, or about $11 million.

Prince William’s salary has been revealed. Picture: Joe Giddens - Pool/Getty Images

The Duke of Cornwall paid tribute to his father the King in a foreword for the Duchy’s financial accounts, praising his predecessor for leaving an “indelible mark” on the dukedom and promised to work hard to make a difference in his new position.

“I am committed to the cause of tackling climate change and I am proud of the estate’s efforts to contribute to this challenge,” William wrote.

“If we can also help respond to social challenges such as mental health and homelessness, I will feel my term as Duke has been worthwhile.”

William and Kate inherited the Duke and Duchess of Cornwall titles after the late Queen’s death. Picture: Chris Jackson/Getty Images

It comes just days after William launched a massive five-year, UK-wide initiative aiming to help end homelessness.

The Prince of Wales, working through his Royal Foundation charity, announced that they will help give six flagship locations across the nation the “space, tools and relationships” to work on preventing homelessness, promising a “transformative approach” to the issue.

The campaign, called Homewards, will try to create a “tried and tested model that can be scaled across the UK and beyond”.

“In a modern and progressive society, everyone should have a safe and secure home, be treated with dignity and given the support they need,” William said in a statement.

“Through Homewards, I want to make this a reality and over the next five years, give people across the UK hope that homelessness can be prevented when we collaborate.

“It’s a big task, but I firmly believe that by working together it is possible to make homelessness rare, brief and unrepeated and I am very much looking forward to working with our six locations to make our ambition a reality.”

Originally published as Prince William’s massive salary revealed