Prince William gets $30 million in annual income as Royals order helicopters from taxpayer money

Prince William received $30 million from his first full year's income from the Duchy of Cornwall estate, inherited when his father, King Charles, ascended the throne.

The Duchy of Cornwall published its report revealing a surplus of £23.6 million ($30.4 million) for the 2023-2024 financial year, which covers the expenses of Prince William, Kate Middleton, and their children. As head of the Duchy, William has been "fully immersing himself" in this role, making several estate visits, including a housing project in Newquay aimed at addressing homelessness.

In line with their commitment to sustainability, the Royals have placed orders for two new helicopters and pledged to convert the State Bentleys to run on biofuels. The Sovereign Grant unveiled plans to replace the 15-year-old Sikorsky helicopters with AgustaWestland AW139s, which are essential for facilitating the Royal family's duties, especially in remote parts of the UK.

However, the Mirror reports that over £1 million was spent last year on 170 helicopter trips for Royal Family members, each costing nearly £17,000. This comes as the Royal coffers are set to swell by £45 million, with the Crown Estate's profits soaring to £1.1 billion. Consequently, the taxpayer-funded Sovereign Grant, which finances the Royal family's official duties, will increase from £86.3 million in 2024/2025 to £132 million in 2025/2026.

This financial boost will help cover the final stages of Buckingham Palace's £369 million refurbishment. Palace officials have earmarked the increase to ensure the project remains on track and within budget. A Palace spokesperson stated, "Come 2026/27, this financial uplift will undergo a legislative review to ensure the funding of the Royal household reflects a more appropriate level."

William's role also includes new patronages, such as the Welsh Guards Charity and the Royal Cornwall Agricultural Association, reflecting his senior position as Prince of Wales.