At a Glance
- Prince William and Kate earned $30.9 million from the Duchy of Cornwall in 2024-25.
- The estate, worth over $1 billion, supports royal family expenses.
- They will become Grantors of Royal Warrants in Spring 2026, gaining brand-endorsement power.
- Why it matters: The move expands their influence and clarifies the Duchy’s financial role.
The Duchy of Cornwall’s Integrated Annual Report has revealed that Prince William and Princess Catherine received $30.9 million-about £22.9 million-in the 2024-2025 fiscal year to cover their public, private and charitable costs, including those of their three children.
Duchy Income and Royal Expenses
The 43-year-old Duke of Cornwall inherited the estate in 2022 after King Charles III ascended the throne. The Duchy, established in 1337, spans over 130,000 acres across 23 English counties and is valued at more than $1 billion.
- Public expenses
- Private expenses
- Charitable expenses
Upcoming Royal Warrant Grantorship
In Spring 2026, William and Catherine will be granted the title of Grantors of Royal Warrants, allowing them to endorse preferred brands.
| Item | USD | GBP |
|---|---|---|
| Income for Prince William & Kate (2024-25) | $30.9 million | £22.9 million |
The Royal Warrant permits companies to display the Royal Arms on their products and marketing for five years, marking the product as a preferred supplier to the Royal Household.
Richard Palmer stated:
> “The Royal Warrant is ‘the gold standard of endorsements’ and ‘Kate’s warrant will be especially sought after.'”
Kate Middleton also gave King Charles a warm goodbye following the funeral of Katharine, Duchess of Kent, on September 16.
Key Takeaways
- $30.9 million income covers royal costs.
- Duchy is worth over $1 billion.
- Grantor of Royal Warrants coming in 2026.
These developments underscore the Duchy’s ongoing role in supporting the royal family while expanding their commercial influence.
