Finally, some good financial news for Prince Harry, 39, and Meghan Markle, 42, who have recently been losing multi-million dollar deals one after another.
Despite stepping back from royal duties, Harry remains a Windsor, which means he still has access to his inheritance. And soon, a significant sum will come his way.
No, it’s not from his father, King Charles III, despite ongoing speculations about the monarch’s health from Buckingham Palace insiders. The surprising source of Harry’s upcoming windfall is actually his great-grandmother, Queen Elizabeth, the Queen Mother.
In 1994, the Queen Mother, at the age of 94, set up a trust fund worth £19 million for her great-grandchildren. This fund was established to ensure their financial security, despite their royal status.
Harry, William, and their cousins received the first part of this inheritance on their 21st birthdays, with the second part set for their 40th birthdays. According to The Times, this strategy was designed to avoid hefty tax obligations on her generous gift.
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Interestingly, reports suggest that Harry received a larger share than William. Harry had long been regarded as her favorite, a sentiment that’s reflected in the amount she left him.
With Harry’s 40th birthday just around the corner on September 15, he’s set to receive a payment of £8 million. This timely windfall should certainly brighten the Duke and Duchess’s anniversary celebrations, and Meghan is sure to be pleased!