What Prince William and the royals earn

Charles and Camilla dine with the Norwegian royal family at Buckingham palace in 2005 (Anwar Hussein Collection/ROTA/WireImage.com)

LONDON – Prince William’s grandmother, the queen, can be thanked for the grandeur of next Friday’s big occasion at Westminster Abbey and the surrounding hoopla. She’s paying for most of it, with the Middleton family kicking in an undisclosed amount too.

Though the royal family has an enviable portfolio of holdings that include property, stocks, and even the sea bed around the United Kingdom coastline (yes, really), less is known about how the Windsors maintain their lifestyles and pay for travel, upkeep, and related expenses.

So what do the royals earn?

In conventional terms, not as much as you think. Prince William’s base salary in his Air Force career is $61,388, which doesn’t go particularly far in super-expensive modern Britain. Currently, that is the only wage he receives, although his wealth and spending power is boosted by the dividends on his inheritance from his late mother, Princess Diana.