Prince Harry Will See a Benefit to Being the Royal 'Spare' on His 40th Birthday
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Prince Harry’s 40th birthday is less than two months away and he stands to make a substantial sum once he hits Sept. 15, 2024. The Duke of Sussex’s inheritance from his late great-grandmother, the Queen Mother, will be released to him — and it’s more than Prince William received on his 40th birthday in 2022.
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She took Harry’s position in the royal family into consideration as “the spare” and generously allocated more money to him than his older brother, who is the future King of England. “The Queen Mother placed two-thirds of her [estimated] $120 million fortune into a trust fund for her great-grandchildren,” Christopher Andersen, author of The King: The Life of Charles III told to Fox News Digital. The Prince of Wales’ fortune currently comes from the Duchy of Cornwall which was passed to him when Charles took the throne.
“In divvying things up, the Queen Mother may have left Harry a skosh more. In the meantime, the value of the trust has simply increased, Harry’s share along with it,” Andersen added. Per The Times, the Duke of Sussex is set to receive approximately, $8.5 million on his birthday — that’s quite a windfall. Despite the British tabloids continuing the narrative that Prince Harry and Meghan Markle are broke, their estimated net worth is said to be $60 million, per Celebrity Net Worth.
To Di For Daily podcast host, Kinsey Schofield praised the Queen Mother to Fox News Digital for her “logical and thoughtful decision” to give Harry more money than William “because he is the spare.” She added, “The Queen Mother knew he would have fewer opportunities and responsibilities.” Despite the family feud, “there will be no tensions as [the family] knew about this arrangement for decades.” Prince William is doing just fine in his new role, too. The Sovereign Grant Report, which was published on Tuesday, July 23 revealed that the Prince of Wales received $30 million in his first full year managing the Duchy of Cornwall estate.
If you’re wondering why the Queen Mother waited until her great-grandchildren turned 40 to “access their inheritance,” well, she didn’t want anyone to “spend it willy-nilly,” according to British personality Helena Chard. That’s some sound financial thinking from the late royal, who passed away at the age of 102 in 2002.
Before you go, click here to find out which tell-all books expose major royal family secrets.
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