Royal News: A fresh financial report revealed how much money Prince William and Kate Middleton earned last year. The entire story revolves around the official accounts of the Duchy of Cornwall. It details the couple’s income and the spending of the money in carrying out their duties. The figures also show how their growing workload will affect their next steps. Keep scrolling to learn more.
William And Kate’s Yearly Income Revealed
According to the latest reports, Prince William and Princess Kate received about $30.9 million during the year. Moreover, the amount comes from the Duchy of Cornwall. It is the estate that William had inherited when King Charles III became monarch in 2022. Elsewhere, the Prince stepped into the role of Duke of Cornwall immediately. He also took charge of the estate and the long-standing duties.
Elsewhere, the report states that this income is being used for several areas. It’s used to cover public duties, private family needs and also their charitable work. Even Kate and William’s children’s expenses are included in this.
The Duchy of Cornwall was created in 1337 to support the monarch’s eldest son. And its purpose hasn’t changed for centuries. Moreover, in the estate there are more than 130,000 acres of land, farms and properties. Elsewhere, it is spread across 23 counties in England. Even the total value crosses the $1 billion mark. And this is the reason it is one of the most significant financial pillars of the royal family.
Kate and William will have more duties. They will become Grantors of Royal Warrants in 2026. And King Charles has approved this change. The couple could issue Royal Warrants to companies and individuals. Elsewhere, they will also have more public influence in this new position.
Royal News: How Royal Warrants Work And What They Mean
However, Royal Warrants have some strict rules. A company should provide goods or services to the Royal Household for at least five of the last seven years. And it’s before it can even be considered. And only suppliers who are the most trusted ones qualify. A royal warrant shows that the royal family uses a product or service. And that makes it very valuable.
And when it is approved, the recipient can display the Royal Arms. It can be used on packaging, marketing, buildings and vehicles for five years. Moreover, due to this, the company’s credibility and public image are boosted. For more Royal News and updates, keep following Soap Opera Daily.