April 01, 2024
Prince Harrys huge inheritance from royal relative as William missed out on fortune
(Image: Getty Images) Get the latest entertainment news sent straight to your inbox with our weekly Showbiz newsletter More Newsletters Subscribe Please enter a valid email Something went wrong, please try again later. More Newsletters We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info Thank you for subscribing! We have more newsletters Show me See Our Privacy Notice See Our Privacy Notice × Group 28 Get the latest entertainment news sent straight to your inbox with our weekly Showbiz newsletter Invalid email Something went wrong, please try again later. Sign Up No thanks, close We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info × Group 28 Thank you for subscribing! We have more newsletters Show Me No thanks, close See our Privacy Notice Prince Harry has reportedly received a hefty inheritance, while his brother Prince William hasn't been as fortunate. It's been revealed that the Duke of Sussex got a larger portion of their late great-grandmother Queen Elizabeth The Queen Mother's estate after she passed away in 2002. Her estate, believed to be worth around £70 million, included valuable assets and property contents left to her daughter, Queen Elizabeth II. In 1994, the Queen Mother decided to put two-thirds of her wealth into a trust fund for her great-grandchildren, OK! reports. Reports suggest that Harry was the main beneficiary of this trust, receiving a larger share than his older brother William. The reason for this difference in inheritance could be due to what the princes are expected to inherit in the future. Read More Related Articles Rarely seen royal leaves fans baffled as he steps out for Easter service with King Charles Read More Related Articles King Charles may scrap late Queen's strict Easter rule affecting George, Louis and Charlotte As the first in line to the throne, the Prince of Wales is set to inherit many royal assets and resources when he becomes king, while Harry, being the younger brother and fifth in line to the throne, isn't as high up in the line of succession which likely influenced how the inheritance was divided. The Queen Mother put two thirds of her wealth away in a trust fund for her great grandchildren, Prince Harry and William (Image: Mirrorpix) Princess Diana, the much-loved mum of William and Harry, left a big inheritance for her boys when she sadly died in 1997. At first, just under £13 million was put aside for the princes, but this amount went down to £8.5 million after death duties were paid. But, thanks to clever investments looked after by royal advisors, this money grew to over £20 million over time with Harry and William being able to use these funds when they were in their twenties. Join the Daily Record's WhatsApp community here and get the latest news sent straight to your messages. Since stepping away from royal duties, Harry and his wife Meghan Markle have been trying to stand on their own two feet financially. Their move to California led them to buy a £12.8 million mansion, partly paid for by an £8.3 million mortgage. The Sussexes' became financially independent when they left the Firm in 2020 (Image: Getty Images) Harry's personal wealth is thought to be around £48 million, with Meghan's wealth believed to be about the same, showing their joint money-making efforts and shared projects. Earlier this month, the Duchess of Sussex gave a sneak peek of her latest project with her new brand American Riviera Orchard. Royals latest news Kate and William issue new statement William 'desperately needs' Harry Fergie forced to sell Queen's gift Kate Middleton's cancer type Her new brand is planning to sell more than a hundred different items from dog shampoo, chicken feed and yoga bolsters to show off her California lifestyle. It's been said that it is a "lifestyle and cooking brand", also selling things like skincare and stationery. Get the latest celebrity gossip and telly news sent straight to your inbox. Sign up to our daily Showbiz newsletter here . Story Saved You can find this story in My Bookmarks. Or by navigating to the user icon in the top right. Follow Daily Record Facebook Twitter Comment More On Prince Harry Prince William Princess Diana The Queen Royal Family
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