Prince Harry is set to receive a substantial inheritance on his 40th birthday, which falls on September 15 this year. According to reports, the Duke of Sussex will benefit from a $90 million trust fund established by his late great-grandmother, Queen Elizabeth, the Queen Mother. This trust, designed to provide for her family, stipulates that Prince Harry will receive his share when he turns 40, amounting to approximately $8.5 million.
This inheritance is notably larger than the amount his elder brother, Prince William, will receive. On his 40th birthday, Prince William was honored with a ceremonial bell concert at Westminster Abbey, in contrast to Prince Harry’s financial windfall. Prince William’s benefit from the tax-exempt Duchy of Cornwall, which funds his public, charitable, and private activities, further differentiates their financial situations.
Despite the significant payout, Prince Harry will be required to pay taxes on his inheritance, unlike Prince William, who enjoys the financial advantages of the Duchy of Cornwall. Sources indicate that Prince Harry’s inheritance, while sizable, still represents only a portion of the wealth allocated for the royal brothers, with William set to benefit from a considerable share.
Prince Harry’s net worth, currently estimated at around $60 million, will see a notable increase with this inheritance. Since stepping back from royal duties in 2020, he and his wife, Meghan Markle, have significantly boosted their finances through various high-profile ventures, including a Netflix original series, Prince Harry’s memoir “Spare,” and Meghan Markle’s podcast “Archetypes.”
Additionally, Prince Harry is reportedly contemplating a follow-up book and is set to benefit from Meghan Markle’s forthcoming lifestyle brand, American Riviera Orchard.
