As Prince Harry approaches his 40th birthday on September 15, he is poised to inherit a significant financial gift that marks a distinct path from his elder brother, Prince William, within the royal family framework. This inheritance stems from a trust fund established by his late great-grandmother, Queen Elizabeth, the Queen Mother, who passed away in 2002.
Prince Harry's upcoming birthday will be a personal milestone and a financial turning point as he accesses a substantial trust fund set by his late great-grandmother, New York Post reported.
The Queen Mother had set up a trust fund worth $90 million, designed to benefit her great-grandchildren.
This strategic financial planning ensured a secure future for them long after her demise. On reaching the age of 40, Prince Harry will be granted access to his portion of the trust, which amounts to about $8.5 million.
In contrast, Prince William celebrated his milestone birthday in a more traditional royal fashion, with a ceremonial bell concert at Westminster Abbey.
This stark contrast in their birthday celebrations reflects their current standings and roles within the royal institution.
While Prince William has the financial backing of the Duchy of Cornwall, a substantial estate that supports his royal duties and lifestyle through its tax-exempt status, Prince Harry's future earnings from commercial ventures will be subject to taxation.
This financial setup comes as Prince Harry and his wife, Meghan, Duchess of Sussex, have carved out new paths since retiring from senior royal duties and relocating to the U.S.
The couple has since been involved in several high-profile media projects, including an explosive interview with Oprah Winfrey and a Netflix documentary.
They have also secured significant income from various endeavors, contributing to a net worth of around $60 million.
Adding to their financial landscape, the upcoming launch of Meghan Markle's lifestyle brand is expected to boost their earnings further. This anticipation builds on their strategy of leveraging their global influence for financial independence and philanthropic activities.
Prince Harry has extensively engaged with the media, sharing personal insights and royal experiences through various platforms, including his memoir, "Spare." He is also contemplating a follow-up book, which will likely delve deeper into his life and perspectives formed by his unique position in the royal establishment.
As Prince Harry's 40th birthday approaches, attention is not only on his royal lineage and familial relations but also on his financial uplift through inheritance.
The inheritance from the Queen Mother's trust serves as a financial benefit and a reminder of the long-lasting planning and affection she had for her descendants.
It illustrates the ongoing changes and adaptations within the British royal family, highlighting the divergent paths Prince Harry and Prince William have taken since their mother, Princess Diana's death.
