Kate Middleton and Prince William will welcome their third child in April 2018, a new brother or sister for Prince George and Princess Charlotte.
The Duchess of Cambridge may have gone from commoner to royalty when she and Prince William married in April 2011 but she is from a wealthy family. The Middletons have benefited from trust funds and profits gained from their multi-million pound company, Party Pieces.
All of Kate's expenses are covered by Prince Charles's estate, the Duchy of Cornwall, which means that most of her personal money remains unspent. The so-called 'Kate Middleton effect' has spurred a fashion frenzy and the wardrobe choices she makes has had a positive economic impact on the UK fashion industry.
Who is Kate Middleton?
Kate, Duchess of Cambridge, was born Catherine Elizabeth Middleton on January 9, 1982, in Chapel Row, Berkshire in England.
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Daughter to Michael and Carole Middleton, the Duchess has two younger siblings, James and Pippa Middleton. Her father Michael has ties to British aristocracy and has benefited from trust funds his family has built up over 100 years. While her father worked for British Airways, the family resided in Amman, Jordan for a short time between 1984 and 1986.
Kate's mother Carole also worked for BA as a flight dispatcher and flight attendant before founding mail order party supply company, Party Pieces, in 1987, which has an estimated worth of £50 million.
Kate attended private and boarding schools in the UK during her childhood, that would have cost her parents an estimated £250,000 in total. The Duchess graduated in 2005 from the University of St. Andrews in Fife, Scotland with a History of Art degree. It was here that she met Prince William.
After graduating, the Duchess of Cambridge worked for a year as a part-time accessory buyer for the high street retailer Jigsaw and until 2011, for her family company, Party Pieces. Her parents also bought her a flat in Chelsea now worth £1 million.
What is Kate Middleton's net worth?
Kate Middleton's net worth is currently at £7.3 million ($10m), according to Celebrity Net Worth.
Whilst the Duchess's wealth may seem somewhat small in comparison to her husband Prince William's net worth of £29.6 million ($40m), it is almost double that of her soon to be sister-in-law Meghan Markle.
How did Kate Middleton make her money?
Kate Middleton's family has held substantial holdings with a net worth of £36.2 million ($50m), most of which is derived from Party Pieces.
At present, all of Kate's staff and wardrobe expenses are covered by Prince Charles's private estate, the Duchy of Cornwall, and her travel is often funded by the countries she visits. This means that most of her personal money remains unspent.
Once Prince Charles ascends to the throne, it has been rumoured that Kate's combined wealth with Prince William will increase.
Although her net worth is estimated to be around £7.3 million ($10m) because of this savings strategy, her worth including the clothing sales and tourism revenue Kate generates is much higher.
Source : DailyMail
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