As Prince Harry's 40th birthday on September 15 approaches, news about his receiving a huge inheritance has drawn attention. It is reported that Prince Harry is expected to receive an inheritance worth £8 million. This sum comes from a trust fund established 30 years ago by Queen Elizabeth II's mother, Queen Elizabeth the Queen Mother.
The Times reported that the Queen Mother established a trust fund totaling £19 million in 1994 when she was 94 years old. The trust fund is paid in two installments. The first installment is when the beneficiary turns 21, and the second installment is when the beneficiary turns 40. According to a former court assistant, the purpose of the Queen Mother in setting up this fund is to provide future financial security for her great-grandchildren while avoiding high inheritance taxes.
The Daily Mail reported that the beneficiaries of this fund not only include Prince William and Prince Harry but also include the children of Princess Anne, the daughters of the Duke of York, and the children of Princess Margaret. Although the specific distribution details of the trust fund have not been made public, sources believe that Prince Harry may receive a larger share of the inheritance on his 40th birthday than Prince William. The reason is that when the fund was established, the Queen Mother speculated that as the future heir to the throne, Prince William would receive more wealth from the Duchy of Cornwall. As the Queen Mother expected, with the coronation of King Charles III, Prince William was appointed the new Prince of Wales and inherited the Duchy of Cornwall.
Prince Harry has been in the spotlight since he left the British royal family in 2020 and moved to California, USA, with his wife Meghan. He has increased his income by publishing his autobiographical memoir "Spare" and signing multiple business contracts, including a £25 million deal with Spotify and an £81 million deal with Netflix in the United States. Currently, Prince Harry and Meghan live in a luxury mansion in Montecito, California, USA.
The news of this huge inheritance has once again put Prince Harry in the spotlight of public opinion. The public is full of curiosity about whether he can smoothly receive this inheritance and how he will use this sum of money. And this inheritance will undoubtedly have an important impact on Prince Harry's future life and career development. We will continue to follow the follow-up progress of Prince Harry's inheritance.
This article was published on this website by the author's pseudonym: Carol on September-9-2024 PM 4:05 Monday GMT+8 . It's an original article. Reproduction is prohibited. The content of the article is for entertainment and reference only. Do not blindly believe it.
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