Prince Harry's 40th to bring $10 million windfall from Queen's fund
Prince Harry will soon be celebrating his 40th birthday; shortly after, ten and half million dollars will boost his account. This is all thanks to a fund set up by Queen Elizabeth, the Queen Mother, for her great-grandchildren.
6:01 PM EDT, September 7, 2024
Prince Harry will turn 40 on September 15, 2024. According to the Daily Mail, the Queen Mother established the fund as part of a tax strategy to pass on her legacy in a financially efficient manner.
The fund, whose initial value was twenty-five million dollars, was benefited by Harry and William as well as their cousins: Princess Anne's children, Zara and Peter Phillips, the Duke of York's daughters, Beatrice and Eugenie, and Princess Margaret's children, Viscount Linley and Lady Sarah Chatto.
The fund's payouts were divided into two tranches: on their 21st birthday and on their 40th birthday, when Harry will receive the aforementioned ten and a half million dollars.
Prince Harry will receive ten million dollars after his 40th birthday
Harry and his wife Meghan Markle have significantly increased his finances. They earned twenty-nine million dollars from the publication of his controversial book "Spare," which became the fastest-selling non-fiction work in Great Britain.
Moreover, the couple managed to sign lucrative contracts with companies like Spotify and Netflix, and secure book deals, which significantly increased their joint bank account by an additional one hundred and thirty-one million dollars. The agreements, combined with earnings from banquets and appearances in the United States, have strengthened their financial position.
Harry and Meghan's seemingly lavish life changed after they renounced royal duties. Most of their funds came from the assets of the Duchy of Cornwall, managed by King Charles, who used to transfer approximately three million dollars annually to his younger son.
Prince Harry and Meghan Markle withdrew from the royal fold several years ago and now live under the sunny skies of California. They own an enormous luxury villa in Montecito. A few days ago, a rumor surfaced that their relationships with neighbors were not the best.
As columnist Richard Mineards explained in an interview with The Telegraph, the couple does not engage in a social life at all, which sets them apart from other celebrities living in those areas. Residents are said to be disappointed by this fact.
