Prince William's annual earnings revealed

The figures were published in the Integrated Annual Report on Wednesday.

The Duchy is a private estate used to fund William, Kate, and their three children's ''official, charitable, and private activities'' and is valued at more than $1 billion.

While the estate is exempt from corporation tax, William voluntarily pays income tax on the annual revenue surplus, once business-related costs have been deducted.

Last year, William took home only a portion of the $43 million annual profit, as he inherited the Cornwall position halfway through.

Of the massive profit from this latest fiscal round, the Prince and Princess of Wales reportedly donated a sizeable portion to charities, including those associated with the war in Ukraine, earthquake appeals in Turkey and Syria, the London Air Ambulance, and an assortment of mental health charities.

The financial report follows the results of a review into royal patronages being revealed, with William set to scale down the number of positions he takes on.

Unlike many previous senior royals, the future King and Queen will ''focus their time on a smaller number of causes'' in order to have more impact, in an ''evolution'' of the past strategy.

William is set to become patron of the Welsh Guards Charity, the Royal Cornwall Agricultural Association, and president of the Victoria Cross and George Cross Association, and transition from president to patron of Fields in Trust, as well as his new patronage of the Football Association.

Source NewsWire: Prince William's eye-watering salary revealed