Kate Middleton, who is married to Prince William, the heir apparent to the British monarchy, has moved closer to her ultimate position as queen consort with the death of Queen Elizabeth II on September 8.
Kate is a hardworking and well-liked member of the royal family because of her approachability, generosity, and immaculate taste.
Duchess Kate will undoubtedly be referred to as Princess of Wales, a title previously held by Princess Diana, after the devastating news of the queen’s death. Here we will examine the upcoming queen’s background and wealth.
Wealth-X pegged Middleton’s fortune at $7 million in 2018, as reported by Money. However, Celebrity Net Worth and other sites estimate her net worth at $10 million (not adding her royal husband’s riches). She’s reportedly valued at around $13 million, according to Popular Bio, which cites websites including Forbes and IMDb.
Middleton was born into a wealthy family with deep royal links before she wed Prince William in 2011. (Middletons have been friends with various royal family members since the 1920s, per Celebrity Net Worth).
According to Marie Claire, Kate’s mother started the party supply and décor company Party Pieces in the mid-1980s, which is when the Middletons began amassing their current fortune. As reported by Money, Party Pieces is worth an estimated $50 million “due in no small part to the exposure it gets from being linked with the royals,” according to royal expert Marlene Koenig.
As a “working royal,” Kate does not get a wage. Her days are filled with official engagements where she and her husband represent the family and monarchy when they are not busy raising their three children.
Middleton has very little in the way of expenses because she has no income. Duchy of Cornwall, a financial fund or territory governed by Prince Charles III, reportedly pays for their daily living expenses, employees, travel, and formal dress.
According to Cosmopolitan, when Prince Charles becomes king, the duchy will pass to Prince William. The duchy includes 52,449 hectares of land and £345 million worth of commercial property. In June 2022, The Independent reported that the duchy’s holdings climbed to £1.2 billion last year (about USD 1.4 billion) and Prince Charles’ earnings in 2021/22 were £23 million (USD 26.6 million). By their marriage, William and Kate will share the same annual income.
Prince Charles loves his family’s duchy-controlled Highgrove residence, and he will miss it when he moves to Buckingham Palace soon. “Charles is anticipated to preserve his beloved Highgrove as a family home,” reported The Daily Mail.
When Charles becomes king, William will take possession of the Duchy of Cornwall. Next thing you know, William is collecting £700,000 in annual rent from his dad as the latter’s landlord.
Both the queen’s mother and William’s mother, Princess Diana, left him an inheritance upon their deaths, and it is expected that William and Kate will receive a portion of the queen’s estimated $447 million fortune. When Charles succeeds to the throne, he and Camilla are expected to make Windsor Castle, which dates back a thousand years, their new home.
Kate Middleton Estimated Net Worth
$7 to $13 million
Thank you to Pria, and Dr Abigail, António, Ben and Emma – the inspiring mental health advocates who spoke so openly about their experiences and why they are committed to supporting others. pic.twitter.com/MEGJG1dYM0
— The Prince and Princess of Wales (@KensingtonRoyal) October 11, 2022
Early Life, Education And Family
Elizabeth Catherine Middleton was born on January 9, 1982, to Carol and Michael Middleton in Reading, England.
A report by Celebrity Net Worth claims that when Kate was just two years old, her family uprooted from England and relocated to Jordan so that her father could work for British Airways.
After moving back to the United Kingdom at the age of four, Kate attended St. Andrew’s School before moving on to elite boarding schools like Downe House and Marlborough College. She met Prince William while they were both students at the University of St. Andrews in Scotland.
William reportedly proposed to Kate in Kenya in 2010 with the engagement ring that belonged to his late mother, Princess Diana, according to US Weekly.
Over 2 billion people around the world witnessed their wedding on April 29, 2011. Kate Middleton is the mother to Prince George (9), Princess Charlotte (7), and Prince Louis (4), whom she and Prince William adopted and raised together. For more updates, you can visit TheActiveNews.Com.