Prince William has refused to reveal how much tax he will pay for the 2023-2024 financial year, a tradition continued by King Charles for 30 years.
On Wednesday, the Duchy of Cornwall Integrated Annual Report Prince Charles’ salary for 2023-2024 is listed as $30.4 million (£23.6 million), which covers the official, charitable and personal expenses of Prince William, his wife Kate Middleton and their children Prince George, Princess Charlotte and Prince Louis.
Prince Charles will inherit the estate from the King when Charles III ascends to the throne in 2022, and it will come with a new title: Duke of Cornwall.
Prince William gets new title, multi-million dollar salary revealed
Prince William stands behind his father, King Charles III, at Queen Elizabeth’s funeral in September 2022. (Photo: Max Mumby/Indigo/Getty Images)
For the 2022-2023 fiscal year, the Duchy of Cornwall made about $29 million.
After receiving their new titles, royals received only a portion of the profits for the year.
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according to TelegraphPrince William paid standard UK tax rates, but his amount has not been made public. Publishing the amount is not required, but King Charles has been publicly disclosing his tax payments since 1993.
The paper reported that while he was the Prince of Wales, the monarch published a detailed breakdown of his household expenses and the amount of tax he paid each year.
King Charles was diagnosed with cancer shortly after undergoing treatment for an enlarged prostate. (Getty Images)
The annual report also confirmed that Prince William had decided not to re-employ Annabel Elliott, Queen Camilla’s sister, who worked as an interior designer on the payroll of the Duchy of Cornwall.
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Prince William has taken Camilla’s sister, Annabel Elliott, off his payroll. (Getty)
According to sources Telegraph Prince William’s decision is ‘not a recognition of her work’
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Lauryn Overhultz of Fox News Digital contributed to this post.
