Prince William, Kate Middleton hint at ‘exciting’ new venture after disclosure of his whopping salary

Notably, the couple is deeply interested in mental health. In fact, it was recently revealed that they had both made direct contributions to an initiative that aims to improve the mental health of people who reside in rural areas.

The father of three started the Heads Together mental health project in 2016.

This announcement comes after Prince William received an astounding $30 million income for the 2023–2024 fiscal year. He got the first full year’s income from the Duchy of Cornwall estate, a title and estate he inherited from his father, King Charles III.

The estate revealed a startling $30.4 million surplus for the 2023–2024 FY in its Integrated Annual Report, which was made public on Wednesday. He received the title of Duke of Cornwall in addition to a sumptuous estate.

Prince William and Income Tax

William is a working member of the Royal family but does not earn a regular income. It is the Duchy of Cornwall, an estate created by King Edward III in 1337, that provides funds to Prince William. This enormous estate, valued at over $1 billion, covers 130,000 acres in 23 counties in England and Wales and consists of land, farms, dwellings, and other assets to provide support to the heir to the throne and their family.

William is reportedly required to pay income tax on the total amount of money he receives from the Duchy of Cornwall after deducting business-related costs.