Prince Harry to inherit £8 million on 40th birthday
Prince Harry will soon celebrate his 40th birthday. Shortly thereafter, his account will be enriched by eight million pounds, thanks to a fund established by the Queen Mother, Elizabeth Bowes-Lyon, for her great-grandchildren.
Prince Harry will celebrate his 40th birthday on 15 September 2024. According to the "Daily Mail," the Queen Mother established the fund as part of a tax strategy to pass on the legacy in a financially efficient manner.
The fund, which was originally valued at £19 million, was benefited by Harry and William as well as their cousins: the children of Princess Anne—Zara and Peter Phillips, the daughters of the Duke of York—Beatrice and Eugenie, and the children of Princess Margaret—Viscount Linley and Lady Sarah Chatto.
Payouts from the fund were divided into two tranches: on the 21st birthday and on the 40th birthday when Harry will receive the mentioned £8 million.
Prince Harry will receive eight million pounds after his 40th birthday
Harry and his wife, Meghan Markle, have significantly increased their finances. They earned £22 million from publishing his controversial book Spare, which became the fastest-selling non-fiction work in Britain.
In addition, the couple signed lucrative contracts with companies such as Spotify and Netflix and book deals, which significantly increased their joint bank account by an additional £100 million. These agreements, combined with earnings from banquets and appearances in the United States, have strengthened their financial position.
This seemingly lush life of Harry and Meghan changed after they resigned from royal duties when most of their funds came from the Duchy of Cornwall estate, managed by King Charles, who transferred annually to his younger son around £2.3 million.
Prince Harry and Meghan Markle withdrew from the royal fold several years ago and now live in sunny California. They own an enormous luxurious villa in Montecito. A few days ago, a rumour surfaced that their relations with their neighbours are not the best.
As columnist Richard Mineards told "The Telegraph," the couple does not engage in a social life at all, which distinguishes them from other stars living in the area. Residents are said to be disappointed by this.
