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The Duchy of Cornwall’s Integrated Impact Report for 2025 revealed Prince William’s annual salary.
Jan. 18 2026, Published 12:05 a.m. ET
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Inside The Duchy of Cornwall’s 2025 Report

The 2025 Integrated Impact Report covered the activities of the Duchy of Cornwall during the year ending on March 31, 2025.
The Duchy of Cornwall published its Integrated Impact Report in June 2025, which revealed Prince William‘s whopping salary.
Will Bax, the Secretary and Keeper of the Records, wrote about the highlights of the 2024–2025 financial year, which included a “strong financial performance.”
“We have continued to balance our social objectives with driving strong commercial outcomes,” he added. “While marginally down year on year, our net surplus, which is passed to HRH The Duke of Cornwall to support his official and charitable work, has remained resilient in the face of continued economic uncertainty.”
The heir to the throne inherited the Duchy of Cornwall estate and its title when King Charles III ascended the throne in 2022.
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How Much Does Prince William Earn Annually?

The report included Prince William’s annual salary.
According to the June 2025 report, Prince William received $30.9 million distributable surplus during his second year as the Duke of Cornwall.
“The Duke of Cornwall is entitled to the Duchy’s annual net revenue surplus. However, profits from the sale of capital assets are retained and reinvested within the estate to support longterm sustainability and future income,” the report explained.
The sum covers the official, charitable and private expenses of Prince William, Kate Middleton and their three children: Prince George, Princess Charlotte and Prince Louis.
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Does Prince William Pay Taxes?

The Duchy was founded in 1337.
The report also disclosed Prince William “does not have access to the Duchy’s capital value” and is therefore taxed on the annual revenue surplus he receives from the estate.
The Duchy of Cornwall is also not subject to tax.
“On a voluntary basis, His Royal Highness pays income tax at the prevailing rates in respect of the net revenue surplus of the Duchy after deduction of business-related costs,” the report added.
Residents Said King Charles Abandoned Them

The project has more than 2,320 homes as of press time.
Poundbury residents claimed the town has deteriorated since King Charles became the monarch, with Prince William allegedly showing no interest. The area is built on Duchy of Cornwall land in Dorset.
“This place is b—– awful now. This was Charles’ baby but he doesn’t have time to look after it and William doesn’t want to know,” one said, according to the Daily Mail.
A second resident added, “If we could move out tomorrow, we could, but we are getting too old to do that…The leaves are piling up, the grass isn’t cut, and the windows are falling apart.”
The Duchy of Cornwall has not responded to the concerns.
