Prince William's financial approach contrasts with that of King Charles. This week, royal accounts unveiled the extent of taxpayer funds allocated to support official duties of the Firm. Additionally, details of the monarch and William's personal incomes were disclosed.
King Charles' annual private income from the Duchy of Lancaster estate exceeded £27 million. This ancient portfolio includes land, property, and assets held in trust for the sovereign. In contrast, Prince William received £23 million from his hereditary Duchy of Cornwall estate, formerly owned by Charles during his tenure as Prince of Wales.
Unlike his father, William has chosen not to disclose the amount of tax paid on his Duchy of Cornwall income, a practice Charles adhered to during his tenure. It has been insisted that William does pay the 'appropriate' level of tax, which is believed to be more than his father paid. According to The Telegraph, when asked why William didn't reveal the amount, sources said it was "how they had opted to do it for now" and that it reflected "what was required".
But commentator and former BBC royal correspondent Peter Hunt questioned William's decision to withhold more information about his Duchy of Cornwall finances than his father did. He said: "Royal non-disclosure triumphs over transparency. William's obsession with privacy trumps any concerns as to how this may look.
" He warned: "The absence of answers to basic questions could prove unsustainable in the years ahead." Th.