Prince Harry To Receive A Huge Sum Of Money When He Turns 40 Thanks To The Late Queen Mother
Prince Harry is reportedly set to receive £8 million [$10.5 million] on his 40th birthday from a trust established by the Queen Mother, Queen Elizabeth, in 1994.
Alongside this, the prince and his wife Meghan Markle‘s wealth has surged since stepping down as senior royals due to lucrative deals with Spotify, Netflix, and book contracts.
As Prince Harry’s birthday draws near, reports have emerged that Meghan plans to mark the special day with an “A-list” party.
According to the Daily Mail, Queen Elizabeth allocated £19 million to a fund intended for her great-grandchildren. The fund was structured to release payments on their 21st and 40th birthdays.
Each prince reportedly received £6 million at 21, with the amount increasing to £8 million at 40. Harry, who will reach the milestone age on September 15, is due to receive the final payment soon, and according to palace insiders, the duke may have received a larger portion than his brother, Prince William.
Speaking to the Times, a former palace aide explained that the trust “was a way in which the Queen Mother could set aside money for when her great-grandchildren were older and a way of passing a slice of her estate down in a tax-efficient way.”
They added: “It was a way in which some of her estate could be ring-fenced for them.”
Besides William and Harry, some of their cousins, including Princess Beatrice and Princess Eugenie, are believed to be beneficiaries of the fund established by the Queen Mother.
