Friday, 15 Nov 2024

Prince William’s spectacular net worth is mostly due to his late mother Princess Diana

Prince William ‘wants quiet family life’ says correspondent

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Before he became a full-time working royal for the Firm, Prince William worked in the military and earned a salary. According to Forbes, his annual income was reportedly between £50k and £55k.

He started in the Household Cavalry in the Blues and Royals regiment in 2006 before joining the RAF Search and Rescue Force as a helicopter pilot.

He resigned in 2013.

In 2015, William started a civilian job as an ambulance pilot for East Anglian Air Ambulance, where he donated his $62,000-a-year salary to charity.

His salaries did not make him a millionaire, but several pots of money he inherited from his family did.

His late mother Princess Diana left him between £10m and £20m that he received in 2012 when turning 30 years old as reported by the Telegraph.

William’s great-grandmother, the Queen Mother, also left him a huge sum of money according to the BBC.

“Princes William and Harry will reportedly share about £14 million from the estate of their late great grandmother,” the network reported.

Thanks to his father Charles, Prince Harry also receives money from the Duchy of Cornwall.

Created by Edward III in 1337, it is a portfolio of assets that always goes to the monarch’s “eldest surviving son and heir.”

Prince Charles reportedly received £24.6 million between March 2018 and March 2019 according to Duchy’s financial documents.

The Prince of Wales then uses that sum to fund any “public, charitable and private activities and those of his family”, including William and Duchess Kate and their children, George, Charlotte, and Louis, but also, once upon a time, the Duke and Duchess of Sussex.

When Charles becomes King, William will receive the Duchy.

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The Queen, who is worth around £350m, is also expected to leave a certain sum of money to William in her will, which would make him even richer.

As a working royal, William is entitled to the Sovereign Grant, which is funded by public taxes.

William and Kate’s official trip to the Middle East in 2019, for instance, cost nearly £74,000 paid by the Sovereign Grant.

Lastly, when William becomes King, he will inherit an additional £72.5m (what the British monarchy is worth) including land, properties, memorabilia and the Royal Art Collection.

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