According to a report, Prince Harry is set to receive a huge sum of money on his 40th birthday later this year. The Duke of Sussex will turn 40 on September 15. Unlike his older brother Prince William, who received a ceremonial bell concert at Westminster Abbey on his 40th birthday, Prince Harry will inherit millions on his special birthday, thanks to an arrangement made by his late great-grandmother, Queen Elizabeth, the Queen Mother.
According to TimesThe late Queen Mother set up a $90 million trust fund for her family, stipulating that the Duke of Sussex would receive his share when he turns 40. Prince Harry will reportedly receive around $8.5 million from his share, which is more than what Prince William will receive.
However, Prince Harry will still have to pay tax on his inheritance, while his older brother will benefit from the tax-free Duchy of Cornwall – a private estate that funds his public, charitable and private activities.
“William will benefit from the vast wealth of the Duchy of Cornwall, a private estate that finances the public, charitable and private activities of the king’s heir apparent,” a source told The Guardian. New York Post“As a result, Harry is likely to receive just over half of the £14 million allocated for the brothers,” he said.
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With an estimated current net worth of around $60 million, Prince Harry’s upcoming inheritance will be a welcome addition, the outlet reported.
After stepping down from the senior working royal family, Prince Harry and his wife Meghan Markle settled in Montecito, California. Since leaving royal life in 2020, they have worked on several high-profile projects that have significantly increased their net worth. These projects include the Netflix original, Prince Harry’s tell-all memoir Spare, and Meghan Markle’s 12-episode podcast, Archetypes.
According to PostPrince Harry is also considering publishing a follow-up book. The two are also expected to earn a large sum of money from the upcoming launch of Meghan Markle’s new lifestyle brand American Riviera Orchard.
