Royal Finances News

Royal Finances: Prince William's $7.5 Million Salary and King Charles' Rising Expenses

Prince William receives an annual salary of approximately $7.5 million from the Duchy of Cornwall, which funds his official, charitable, and private activities. The Duchy, established in 1337, provides income to the Duke of Cornwall and his family. Meanwhile, King Charles' household expenses rose by 5 percent, totaling $136 million, with a significant portion allocated to Buckingham Palace renovations and preparations for the queen's Platinum Jubilee and Charles' coronation. The capital expenditure doubled from the previous year due to timing of capital works, and the spending was covered by the Sovereign Grant and the king's reserve funds.