Investigation reveals King Charles and Prince William’s fortunes rake in millions from charities and public services

“The King, the Prince and Their Secret Millions” explains how members of the royal family receive public money

• A new investigation has found that King Charles and Prince William are reportedly making millions from contracts their royal estates have with charities, public services and more.

• “Sunday Times”. and a current affairs program Shipments he alleged that the King and the Prince of Wales were generating this revenue through the Duchy of Lancaster and the Duchy of Cornwall

• A five-month investigation revealed how both duchies make their millions, with the Duchy of Lancaster reportedly giving around $35 million to King Charles and the Duchy of Cornwall around $30 million to Prince William

King Charles AND Prince William According to a new investigation, they reportedly make millions in income from contracts their royal estates have with charities, public services and more.

November 2“Sunday Times”. and current events show Shipments Channel 4 in the UK revealed a joint investigation alleging that King Charles, 75, and Prince William, 42, generate this income through the Duchies of Lancaster and Cornwall. AND Shipments program titled The king, the prince and their secret millionsdebuted on the same day.

In statements shared with PEOPLE, spokespeople for the Duchy of Lancaster and the Duchy of Cornwall emphasized the private status of each estate.

“The Duchy of Lancaster manages a wide range of land and properties. It is self-funded and does not receive any public funding in connection with its activities,” said a spokesman for the Duchy of Lancaster. “It publishes an independently audited annual report and financial statements which are available for viewing on its website and comply with all relevant UK laws and regulatory standards applicable to its scope of business activities.”

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A spokesman for the Duchy of Cornwall offered a similar comment: “The Duchy of Cornwall is a private estate with a commercial imperative, which we pursue alongside our commitment to restoring the natural environment and making a positive social impact in our communities.”

“Prince William became the Duke of Cornwall in September 2022 and has since committed himself to the expansive transformation of the Duchy. This includes significant investment to achieve net zero by the end of 2032, as well as providing targeted mental health support for our tenants and working with local partners to help tackle homelessness in Cornwall,” the spokesperson said.

The investigation focused on the Duchy of Lancaster, a private estate of 44,748 acres in England and Wales owned by King Charles as sovereign, and the Duchy of Cornwall, a private estate of almost 130,000 acres in southwest England owned by Prince William as Prince of Wales. Both estates were created hundreds of years ago to provide income for the ruler and heir to the throne, respectively.

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“Sunday Times”. said the five-month investigation had revealed how the two principalities were making millions by “collecting fees from government departments, councils, businesses, mining companies and the general public through a range of commercial rents and feudal levies on land largely occupied by medieval monarchs.”

“Duchy records show royals charging fees for the right to cross rivers, land cargo on shore, lay cables under beaches, run schools and charities, and even dig graves. They make money from toll bridges, ferries, sewer pipes and churches. , town halls, pubs, distilleries, gas pipelines, boat moorings, open-pit and underground mines, parking lots, houses for rent and wind turbines,” the portal claims.

The arrangement is seen as problematic because members of the royal family allegedly “act as commercial property owners” under a special treasury agreement “exempting them from paying tax on corporate profits.”

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Reported leases and contracts in the names of King Charles and Prince William reveal they make money “by charging the army, navy, NHS, prison service and state schools to use their land, rivers and seashores.” “Sunday Times”. he claimed.

According to the website, the principalities earned about $65 million last year, with the Duchy of Lancaster giving about $35 million to the king and the Duchy of Cornwall about $30 million to William.

Under the Crown Lands Act 1702, King Charles receives income, not capital, from the Duchy of Lancaster, in accordance with his history. Meanwhile, his eldest son, Prince William, decides to use the income of the Duchy of Cornwall to pay for his public, private and charitable activities – in accordance with the intention of the duchy Frequently asked questions.

The Prince of Wales in the summer he made waves not wanting to reveal how much he paid in taxes on $30 million payout for the Duchy of Cornwall financial year 2023–2024.