\n<\/p>\n
The analysis comes just weeks after news emerged that Prince William was paying almost \u00a37 million a year in income tax.<\/p>\n
According to a report, the king, who is very secretive about his finances, is known for extravagant spending on occasions. The Daily Mail <\/i>This shows what the Prince of Wales is up to, as he has a private estate called the Duchy of Cornwall, which makes him around \u00a322 million a year and is worth around \u00a31.1 billion.<\/p>\n
As far as where it goes, things like ski holidays, school fees, football tickets, maintenance on seven houses, all come under the prince’s monthly costs. However, this also includes things like Kate’s working wardrobe and costs incurred during royal duties. But they are often written off in tax form.<\/p>\n
In addition, he has received personal inheritance from Princess Diana as well as Queen Elizabeth II.<\/p>\n
The Sunday Times <\/i>This revealed a \u00a37 million income tax bill, which puts him in the top 0.002 per cent of UK taxpayers. But royal author Norman Baker went into a little more depth about the outlet, saying, “The Duchy made a tidy \u00a322.9 million profit in 2024\/2025. When Charles was Prince of Wales he used to announce every year how much tax he paid, but William stopped the practice.”<\/p>\n
“The recent Sunday Times story, which suggested they paid almost \u00a37 million in tax last year, perhaps shows that concerted pressure on them to be more open is bearing fruit.”<\/p>\n
\u201cWe know from an earlier parliamentary inquiry that Charles, when Prince of Wales, claimed expenses against his Duchy of Cornwall income for 28 personal staff \u2013 butlers, servants, gardeners and the like \u2013 and some expenses for Camilla, even before their marriage, including her travel costs, jewelery and stables for her horses.\u201d<\/p>\n
“Charles also tried to get his polo ponies accepted as a business expense in 2009,” said Mr Baker, author of The Royal Mint, National Debt: The Shocking Truth About the Royals’ Finances.<\/p>\n
\u201cWe also know that since becoming Prince of Wales, William has revamped the board of the Duchy of Cornwall to bring in investment bankers and property developers, which he insists is a private estate, indicating that generating profits for himself, rather than wider royal duties, is his top priority.\u201d<\/p>\n
As previously stated, he has also set up some private funds for things like “some maintenance costs for his personal property portfolio of seven homes, clothing and other personal expenses for himself and Kate”.<\/p>\n
However, his annual trips also add to his expenses, such as to the exclusive French alpine resort of Courchevel, a place where a ham and cheese toastie costs \u20ac85 (\u00a374), (with truffle). Match<\/i>.<\/p>\n
Other locations include the decision to rent a private villa for two weeks in 2019, in the delightful Caribbean island of Mustique, which cost \u00a327,000 per week.<\/p>\n
The outlet also revealed some of the prices of his flights from Los Angeles to London, which cost an estimated $80,000.<\/p>\n
Apart from this, the school expenses of Prince George, Princess Charlotte and Prince Louis also come out of this. For example, the heir is currently studying at the prestigious Lambrook School in Berkshire, which has fees of \u00a310,669 per session. His siblings also have additional fees of around \u00a39,804.<\/p>\n<\/p><\/div>\n