He will receive a millionaire gift from the late Queen Mother
Prince Harry is in for a big birthday surprise as he turns 40 this year. According to reports, the Duke of Sussex is set to receive a substantial cash gift as he enters his 40s. Unlike his brother Prince William, who received a ceremonial bell concert at Westminster Abbey for his milestone birthday, Harry will be getting a significant payout thanks to arrangements made by his late great-grandmother, Queen Elizabeth, the Queen Mother.
It’s been revealed that the late Queen Elizabeth II‘s mother put $90 million into a trust fund for her family, and one of the stipulations of the fund was that Harry would access his share when he turned 40. As reported by The Times, Harry is set to receive a whopping $8.5 million from his share, which is more than what William is slated to get.
However, it’s not all smooth sailing for Harry as he will have to pay tax on his future commercial earnings. Despite this, he’s still set to receive a substantial sum from the trust fund.
On the other hand, William will benefit from the tax-exempt Duchy of Cornwall as the heir to the throne. This private estate funds his public, charitable, and private activities.
Financial windfall awaits Prince Harry
According to a source, “William will benefit from the vast wealth of the Duchy of Cornwall, a private estate that funds the public, charitable, and private activities of the king’s heir.” Consequently, Harry is likely to receive slightly more than half of the £14 million allocated for both brothers.
This news sheds light on the financial differences between the two brothers and their respective positions within the royal family. It’s clear that both Harry and William have their own financial arrangements and sources of income as they navigate their individual paths.
As Harry prepares to celebrate this significant milestone, he can look forward to this generous birthday present that reflects the thoughtful planning of his late great-grandmother. The financial details provide an interesting insight into the royal family dynamics and the unique financial circumstances that come with their positions.
