When Queen Elizabeth II died, one can wonder how much her family members gained as part of her inheritance. As heir to the throne and next Duke of Cornwall, Prince William’s net worth is particularly interesting.
No one can say for sure how wealthy the British royal family is, but while Buckingham Palace has kept secret the details of their finances, there are some things that are known. Neither King Charles III. nor do family members, including Prince William, who receive an inheritance after the Queen’s death have to pay tax on that inheritance. This is due to a 1993 agreement with the British government. The nation’s prime minister at the time, John Major, said that “unique circumstances of a hereditary monarchy” and that “there should be specific exceptions for assets passed from a sovereign to his or her successor”.
For everyone else in the UK, there is a 40 per cent levy on inherited assets worth more than £325,000 (almost $376,000). The monarchy is also not required to pay income or capital gains taxes, but in 1992 Queen Elizabeth II announced that she would voluntarily pay income tax. Shortly after their son, then-Prince Charles of Wales said he would too, and it is expected the same will apply to William. Second in line to the throne, what is the net worth of Prince William? Continue reading.
What is Prince William’s Net Worth?
What is Prince William’s Net Worth? It’s hard to say because the monarchy is quite tight-lipped about its finances, but Prince William’s net worth is estimated to be around $100 million, according to Celebrity Net Worth. His great-grandmother, the Queen Mother, who died in 2002, placed the bulk of her estimated $89 million fortune in a trust fund for her great-grandchildren William and Harry in 1994, the BBC reported at the time of her death. “Princes William and Harry will reportedly share around £14million from their late great-grandmother’s estate,” the network reported in 2002. That’s around $17.9million. Most of the money will go to the younger brother as William will benefit financially if he becomes king.”
On the death of William’s grandmother, Queen Elizabeth II, on September 8, 2022, her son Charles ascended as King Charles III. the throne and Prince William became the heir to the British throne. This means he received a significant legacy as well as several new titles, adding to his real estate portfolio in addition to his title as Duke of Cambridge and Rothesay. Most notably, William inherited the Duchy of Cornwall, some 130,000 acres in south-west England valued at about $1.2 billion in 2022. The Duchy of Cornwall is a domain granted by King Edward III in 1337. was founded to provide private income for his heir, Edward, who later became known as the Black Prince. It also serves to finance the heir to the throne 685 years later. According to its annual revenue report, Cornwall includes about 2,640 leases and leases, 260 farms, about $67 million in developing land and about $397 million in commercial property. The official website states that proceeds from the estate “will be used to fund public, private and charitable activities”.
These latest additions to William’s property portfolio make him one of the most important private landowners in Britain and will bring him considerable wealth. It was estimated that William’s father Charles (while in his role as Duke of Cornwall) oversaw $23 million in revenue generated from activities on the estate in 2021, according to the Duchy’s financial statements. William’s father Charles was the longest reigning duke in the region, which is quite incredible for a history spanning nearly seven centuries. Finances aside, Cornwall holds a special place in the hearts of Prince William and Harry as it was the place where many holidays were spent with their mother, the late Princess Diana. In a 2021 documentary produced by ITV, William expressed an interest in delving into the duchy’s affairs. “I’ve started thinking about how I’m going to inherit the duchy one day and what I’m going to do with it. I think it’s really important in terms of the family aspect, I really do,” he said. In another part of the documentary, Charles said he was “practically moved to tears” that his son William took such an interest in taking over the region. “I was deeply touched and moved by what he said,” the current king said at the time. “It practically brought me to tears. Because I suddenly thought, well, just hearing that from him has made the last 50 years worthwhile.” William is also the newly crowned Prince of Wales, a position passed down to him from his father after Charles ascended the throne in September 2022 had boarded.
How else does Prince William make money?
William and all royals receive money through the annual Sovereign Grant, which is funded by British taxpayers to “support their official duties – like receptions and garden parties – and to cover running costs – such as royal travel and building maintenance”. The grant is calculated as part of the profits from the Crown Estate, which is a collective holding of property and land valued at £15.2 billion (approximately $17.3 billion). Funding for the Sovereign Grant was originally capped at 15% of the Crown Estate’s profits in a system introduced in 2012. “The new system will see the royal budget subject to the same audit scrutiny as other government spending. via the National Audit Office and the Public Accounts Committee,” according to Buckingham Palace’s official website.
As is expected of most royal men, Prince William also served in the military, though never in actual combat, and as such he earned a salary. In 2006, William joined the Household Cavalry in the Blues and Royals Regiment. He later became a helicopter pilot in the Royal Air Force (RAF) Search and Rescue. His salary at the RAF is said to have been between $68,000 and $74,000 forbes. In 2013 he left his role as a helicopter pilot and joined the East Anglian Air Ambulance (EAA) as a pilot in 2015. It is a non-profit organization providing emergency helicopters across East England. As an employee of Bond Air Services’ helicopter operators, he donated his annual salary of $62,000 to charity. “Doing a job like this really helps me to be grounded and that’s core to what I’m trying to become,” he said at the time. “I try to be a good guy, do what I can and try to be a decent person.” Two years later, in 2017, William resigned from his role at the EAAA to become a full-time king. “After leaving the military, I gained experience in this job that I will carry with me for the rest of my life, and it will add valuable perspective to my royal work for decades to come,” he told Reuters.
How much did Prince William inherit from Princess Diana?
Princess Diana died tragically and suddenly in August 1997 in a car accident in Paris. At the time of her death, she reportedly had a net worth of approximately $31.5 million, including all of her funds, stocks, and personal assets. Her main beneficiaries were her sons Prince William and Prince Harry, aged 15 and 12 at the time. According to that telegraphWhen William turned 30 in 2012, he received around $12.5 million. He also received a number of her personal belongings, including jewelry and Diana’s wedding dress, which William and Harry share.
For more information on Prince Harry and Prince William, see historian Robert Lacey’s 2020 book. battle of the brothers
. In this New York Times and Sunday Times bestseller, Lacey takes a close look at Harry and William’s relationship over the years and considers every moment that led to their eventual estrangement. From the fallout of her mother Princess Diana’s tragic death and the pressures of her roles in the royal family (William, the future king vs. Harry, the surrogate) to the influence her wives Kate Middleton and Meghan Markle have had in their different paths , Battle of Brothers reveals all the “ups, downs and discretions” in these brothers’ lives in a way “never commanded before”.
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