Queen Elizabeth II's Platinum Jubilee, her state funeral and preparations for the coronation all increased costs for the royals over the last fiscal year.
Prince William's salary revealed, as it emerges King Charles dipped into cash reserves in expensive year for royal family
"This year’s statement covers a period of significant transition for the Royal Household, reflecting the Platinum Jubilee and State Funeral of Queen Elizabeth II, the Accession of The King, the lead up to Their Majesties’ Coronation, and the coming together of staff from two Households," a statement on the royal family’s website read.
William, who is the Duke of Cornwall, inherited the Duchy of Cornwall when the queen died and his father became king. Prince William earned more than $7 million over the last year. Photo by Max Mumby/Indigo/Getty Images.There were several extravagant celebrations marking her 70 years on the throne, and the Sovereign Grant report showed that the palace spent about $883,000 on the related events.
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