He prince Williamthe next king of the United Kingdom, has been at the head of the Duchy of Cornwallthe entity in charge of financing the heir to the British throne. Since September 2022, when his father, King Charles III, assumed the crown, William inherited both the title of Prince of Wales as the administration of this historical heritage.
The Duchy of Cornwall is the heir’s main source of economic resources. Through this institution, the private, family and official expenses of the prince, his wife Catherine, Princess of Wales, and their three children are covered. The British monarchy does not directly cover these costs.
Annual Report of the Duchy of Cornwall
Information about William’s income was published by himself Duchy of Cornwall in your Integrated Annual Reportcorresponding to the fiscal year 2024-2025. This official document details the financial results of the entity and the resources allocated to the heir during that period.
According to the report, the Duchy recorded a distributable surplus of £22.9mresulting from the management of land, farms, homes and other assets located in England and Wales. The report establishes that these resources are intended to cover institutional expenses, charitable activities and private obligations of the Prince of Wales and his family.
Income received by Prince William in 2025
According to the same official report, during 2025 Prince William received just over $30 millioncorresponding to his second full year as Duke of Cornwall. This figure was used to cover the costs associated with his role as heir and his family unit.
As an active member of the royal family, William does not receive a traditional salary. The financial scheme of the Duchy, created in 1337 by King Edward III, was designed to guarantee economic independence to the successor to the throne, separating these resources from the state budget.
The document also indicates that the prince pay income taxes by the income it receives from the Duchy, once household expenses have been deducted, although these values are not publicly detailed.
Administration, projects and projections
Since assuming the administration of the Duchy, the Prince of Wales has made visits to different projects financed by the entity, including housing developments aimed at addressing the lack of accommodation in some regions of the southwest of England. He has also promoted new institutional sponsorships and assumed positions in organizations linked to the armed forces and community activities.
He Integrated Impact Report 2025 of the Duchy of Cornwall sets the goal of moving towards net zero emissions by 2032. This objective is part of the long-term planning of the estate, which continues to be the financial support of the heir to the British throne.
