William’s 2025 Annual Salary Revealed ― but He Refuses to Disclose How Much He Paid in Taxes
In 2025, Prince William received a significant income, largely from a vast estate that he successfully inherited from his father, King Charles.
Being the Prince of Wales gives Prince William a significant income to support his work and family. According to the Integrated Annual Report by the Duchy of Cornwall published in June 2025, the heir apparent received a hefty $30 million this year. This was his second year managing the estate, which he inherited in 2022 when his father, King Charles, ascended the throne after the passing of Queen Elizabeth II. Created all the way back in 1337 by King Edward II, the main goal of the estate was to ensure that all the future heirs to the British throne would be well taken care of. Now, matching that ancient goal, the Prince of Wales is ending the year on a financial high.
Valued at over $1 billion, the Duchy of Cornwall is a vast estate, spanning 130,000 acres across 23 counties in England and Wales. Within its portfolio, it includes farms, lands, houses, and other assets to support the heir and their family. For William, this income covers all of his official, charitable, and private expenses for himself, Princess Kate, and their three kids, Prince George, Princess Charlotte, and Prince Louis. Apart from being the head of the estate, the Prince of Wales is also said to pay tax on the entire income he receives from the Duchy of Cornwall. Though the exact figures are not disclosed in the annual report.
For the 2023-2024 financial year, as per HELLO!, it was reported that the heir apparent received £23.6 million (about $30.4 million) from his private estate. While Kensington Palace confirmed that he pays a standard UK income tax, they did not reveal the exact numbers. This lack of transparency marks a clear shift from Charles, who has a long-standing tradition of revealing exactly how much he paid in taxes, such as the £5.9 million (about $7.5 million) he paid in his final year as the Prince of Wales. He started this practice in 1993 amid significant pressure from the public regarding their wealth. So, Queen Elizabeth and the then Prince Charles voluntarily decided to pay tax despite the fact that they were not legally required to pay taxes due to the Crown Exemption.
Apart from his annual royal income, William also possesses a substantial personal fortune through significant inheritances. The most notable portion of the lot allegedly comes from his late mother, Princess Diana, who, as per The Telegraph, left a trust fund for her two sons. Upon his 30th birthday in 2012, the Prince of Wales received an estimated £10 million (approximately $16 million) from her estate. The inheritance was comprised of stocks, shares, and parts of her divorce settlement.
Then, in addition to Diana, William also benefited from a trust fund established by his great-grandmother, Queen Elizabeth the Queen Mother, in 1994 as per The Guardian. While specific details are private, reports do indicate that William and Prince Harry shared a portion of a £19 million (about $25.6 million). The Duke of Sussex allegedly received a larger portion of the fund to balance the fact that William, being the heir apparent, would eventually inherit the massive Duchy of Cornwall.
