Prince Charles annual earnings and net worth as he visits Scottish foodbank

Prince Charles has been the longest-serving heir to the throne in British royal history and has managed to accumulate a tidy sum during that time.

The 73-year-old enjoyed a lengthy military career where he made money outside of his role with the Royal Family.

After serving in both the Royal Air Force (RAF) and Royal Navy, Charles later qualified as a helicopter pilot and continued to do various jobs for the forces until he retired in 1976.

But the majority of his money is tied up in his title as the Prince of Wales and the rights and land that come with it.

With the second-in-line set to visit a Scottish foodbank today (July 29), here is a look at his annual takings.

How much money does Prince Charles earn a year?

Prince Charles rakes in more than £20million per year from his land holdings.

Whoever holds the title the Prince of Wales makes most of their money from the Duchy of Cornwall.

It was established in 1337 by Edward II with the intention of providing an income for the future Prince of Wales.

As the eldest son of the reigning monarch, Charles is in possession of the Duchy of Cornwall – his biggest source of income.

With this title, he receives the revenue of the private estate.

In 2021/22, Charles’s annual private income from the Duchy of Cornwall landed estate was £23million – up from £20.4million 12 months earlier.

His extensive estate is spread across 23 counties in England and Wales and he has 52,760 hectares of land and 2,360 hectares of woodland.

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As well as this eight-figure annual fee, the total value of the assets, including land, property and investments, were valued at £1.1billion in 2018-2019.

Although the duchy is considered to be a crown body and therefore exempt from corporation tax, Prince Charles reportedly volunteered to pay income tax on the duchy income.

He also uses the cash to fund his charitable work, including his work with the Prince’s Trust.

For the 2019/202 financial year, he spent £8.4million on official duties and charitable work.

And his income does not stop there, either. He is also entitled to money from the Sovereign Grant, which is paid for by taxpayers and goes towards the upkeep of the Royal Family.

Charles uses part of his Sovereign Grant payment to fund the activities of his son Prince William and wife Kate Middleton, the Duke and Duchess of Cambridge.

Last year, the Cambridges cost £4.4million, along with Charles’ other expenditure, including his capital expenditure and transfer to reserves.

He no longer pays for the Sussexes – Prince Harry and Meghan Markle – after they bowed out of being full time royals.

Prince Charles' net worth

Charles is worth an estimated £318million, according to Wealth-X.

His wealth, like his annual income, is thought to derive largely from the Duchy of Cornwall estate.

However, reports suggest that even with such a healthy bank balance, Charles is still only the second-richest member of the Royal Family.

The Queen is said to be the wealthiest.

Since founding The Prince’s Trust in 1976, the prince has established 16 other charities and he is president of them all.

Across all the organisations, they boast raising over £100million each year.


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