The Duchy of Cornwall is a title and estate William inherited when his father ascended the throne.

Prince of Wales at a housing project in Cornwall in 2024 (Image: WPA Pool/Getty Images)

A report for 2025 revealed that Prince William received an eye-watering £22 million for his second year’s income from the Duchy of Cornwall estate. The Duchy of Cornwall is a title and estate he inherited when his father, King

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A report for 2025 revealed that Prince William received an eye-watering £22 million for his second year’s income from the Duchy of Cornwall estate. The Duchy of Cornwall is a title and estate he inherited when his father, King Charles, ascended the throne in 2022.

The Integrated Annual Report revealed a distributable surplus of £22.9 million ($30.9 million) for the 2024-2025 financial year. It covers the official, charitable and private expenses of Prince William, Princess Catherine, Prince George, Princess Charlotte and Prince Louis.As a working member of the Firm, William does not receive a traditional income, but his expenses are largely covered by the Duchy of Cornwall, an estate established by King Edward III in 1337 to provide funds for the heir to the throne.

The estate spans counties across England and Wales and includes land, farms, houses and other assets to support William’s family. Prince William is understood to pay income tax on the entire income he receives from the Duchy of Cornwall.

Looking to the future, according to the 2025 Integrated Impact Report, the Duchy of Cornwall is still focused on “becoming a net zero estate by the end of 2032.”