King Charles III has shared a full breakdown of household costs and the amount of tax he paid annually since 1993
Prince William honors King Charles at coronation concert with heartfelt speech: ‘We are all so proud of you’
The Prince of Wales, the eldest son of King Charles III and the late Princess Diana, is heir to the British throne. The king, the eldest son of Queen Elizabeth II, was crowned on May 6 at London’s Westminster Abbey.
Prince William has chosen not to disclose what he paid in taxes for the 2023 to 2024 financial year, breaking a long-standing tradition upheld by King Charles for 30 years.
On Wednesday, the Duchy of Cornwall released an Integrated Annual Report detailing Prince William’s income of $30.4 million (£23.6 million) for the 2023-2024 financial year. This amount covers the official, charitable, and private expenses of William, his wife Kate Middleton, and their children, Prince George, Princess Charlotte, and Prince Louis.
Prince William inherited the Duchy of Cornwall estate from King Charles III when he became king in 2022, along with the title Duke of Cornwall.
Prince William standing behind his father, King Charles III, at Queen Elizabeth’s funeral in September 2022. (Photo by Max Mumby/Indigo/Getty Images)
In the 2022-2023 financial year, the Duchy of Cornwall estate generated nearly $29 million in profit. This was the first year Prince William received a portion of these profits after taking on his new title.
According to the Telegraph, although William paid taxes at the standard U.K. rate, the exact amount has not been disclosed. While not mandatory, King Charles has shared his tax payments since 1993.
When he was the Prince of Wales, King Charles provided a detailed breakdown of household expenses and the taxes he paid annually.
King Charles was diagnosed with cancer shortly after receiving treatment for an enlarged prostate. (Getty Images)
The Annual Report also mentioned that Prince William decided not to rehire Queen Camilla’s sister, Annabel Elliot, who had worked as an interior designer for the Duchy of Cornwall.
Prince William pulled Queen Camilla’s sister, Annabelle Elliot, from his payroll. (Getty)
Sources told the Telegraph that Prince William’s decision was not a reflection of her work quality.
