Prince William makes headlines with royal power move
Key takeaways
- Meanwhile, the King’s private wealth sits at a comparatively modest $846 million.
- The Prince of Wales’s wealth can largely be attributed to his ownership of the historical Duchy of Cornwall, which he inherited when his father was coronated.
- The reports also indicated William has also paid out over $26 million in taxes in his tenure as Prince of Wales.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Prince William’s fortune, much of it tied to the vast Duchy of Cornwall estate, has now dwarfed his father King Charles III’s net worth-after an accounting of Sovereign Grant’s yearly budget showed the Prince of Wales’s assets at an astounding $1.6 billion. Meanwhile, the King’s private wealth sits at a comparatively modest $846 million.
The Prince of Wales’s wealth can largely be attributed to his ownership of the historical Duchy of Cornwall, which he inherited when his father was coronated. In recent fiscal year figures alone, the income generated by the Duchy for its prince topped out at an impressive $28.5 million.
The reports also indicated William has also paid out over $26 million in taxes in his tenure as Prince of Wales. Prince William’s planned use of the estate could provide more affordable homes for the poor, as he reportedly wants to invest roughly 20% of the estate’s wealth in low-cost homes and green initiatives over the coming decade.