New title - new salary: it became known how much Prince William earns
After the death of Queen Elizabeth II, her son Charles III succeeded to the throne, and Prince William was made Duke of Cornwall. The new title implies not only new obligations but also a different salary. Thus, according to the financial statements of the British royal family, Kate Middleton's husband received a record private income, which exceeded last year's by one million pounds.
This was reported by the DailyMail. The last annual salary of the Prince of Wales was six million pounds ($7.5 million). A statement accompanying the financial report said that in 2022-2023, the Duchy had a record surplus of $30 million.
However, next year, the salary of the main heir to the British throne may increase to £20 million ($25 million).
It is worth noting that the Duchy of Cornwall is a private possession founded by King Edward III in 1337. In this way, he wanted to ensure the independence of his son. The Prince of Wales became the 25th monarch to inherit landed property. This happened after the death of his grandmother, Queen Elizabeth II, and his father's accession to the throne.
By the way, the official coronation of Charles III took place on 6 May 2023. A record amount of £250 million was spent on it. For comparison, the ceremony for Queen Elizabeth II cost £1.57 million, which is equivalent to £46 million today. About 6,000 members of the British Armed Forces were involved in the ceremony. The ceremony was attended by 2000 people.
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