It pays effectively to be a prince!
Prince William obtained an enormous examine only for being the brand new Duke of Cornwall — however apparently sufficient, he’s truly getting gypped by his father, King Charles III!!
Right here’s the deal. The Duchy of Cornwall is reportedly valued at greater than $1 billion and it consists of round 205 sq. miles of land throughout the UK and in 23 nations. So there’s some huge cash at stake! In response to the Duchy of Cornwall’s 2023 annual report by way of Web page Six, William made a yearly wage of greater than $7.5 million final yr. Which is a ton of cash! However…
The Duchy truly recorded web earnings of roughly $30.34 million for the monetary yr of 2022 to 2023, per the report. That’s up about $1.29 million from the yr earlier than and WAY greater than William took residence. Historically, the 41-year-old would have inherited the total quantity as his personal earnings, however this yr issues modified.
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The Duchy determined Charles, who was the previous Duke of Cornwall till September 2022, was entitled to round half of the excess since his function modified midway by means of the monetary yr. His Majesty actually found out a method for him to receives a commission whereas transferring on up. LOLz! Per the report, the brand new king was entitled to $14.225 million whereas William earned $16.115 million.
However then Princess Catherine’s hubby received hit once more when the Duchy requested to maintain greater than $8.67 million of his wage for “working capital functions,” Kensington Palace mentioned in an announcement to DailyMail.com. Wow. So, the man actually went from $30 million to simply $7 million! Tough!
The excellent news is that he’s anticipated to retain the total quantity subsequent yr. In a ahead to the annual report, the Prince of Wales mirrored on his father’s impression because the “longest-serving Duke of Cornwall in historical past,” writing:
“My father left an indelible mark on the Duchy. I’m very a lot wanting ahead to persevering with his work, in addition to exploring new alternatives to make a distinction.”
He’s most likely wanting ahead to that large paycheck transferring ahead, too… Are you able to consider how a lot he’s making on this new function?! Sound OFF (under)!
[Image via WENN/Avalon]
