What William spends his money on: Expert analyses his tightly guarded finances and the luxuries he treats himself to – as it’s revealed future King pays £7million-a-year income tax

As a member of the Royal Family, details of Prince William‘s personal finances are a closely guarded secret.

But with ski holidays, school fees, football tickets, seven houses to run and a £7million annual income tax bill, even the heir to the throne must try to make ends meet.

The majority of the Prince of Wales’s private income comes from the Duchy of Cornwall, a private estate worth about £1.1billion. It turns an annual profit of around £22million-a-year.

Traditionally, the surplus generated by the Duchy funds charitable and personal activities, including private royal residences, while some expenses – such as Kate’s working wardrobe

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