Inheritance Shock: Prince Harry Inherits $1 Million from Late Relative

Prince Harry and Prince William reportedly received differing amounts of inheritance from their great-grandmother
Prince Harry and Prince William reportedly received differing amounts of inheritance from their great-grandmother

Inheritance Shock: Prince Harry Inherits $1 Million from Late Relative


Key Takeaways

  • Prince Harry reportedly received a larger inheritance from Queen Elizabeth The Queen Mother’s estate than his brother Prince William due to the difference in their expected future inheritances.
  • Princess Diana left a significant inheritance for her sons, which grew over time through smart investments managed by royal advisors.
  • Harry and Meghan Markle are working towards financial independence, with Meghan’s new brand American Riviera Orchard set to offer a range of products reflecting their California lifestyle.

 

Prince Harry reportedly received a larger inheritance payout than his older brother Prince William from their great-grandmother, Queen Elizabeth The Queen Mother’s estate. The Queen Mother had put two-thirds of her wealth into a trust fund for her great-grandchildren in 1994, with Harry being the main beneficiary of this trust. This is believed to be due to the difference in inheritance that the two princes are expected to receive in the future.

As the first in line to the throne, Prince Charles is set to inherit a lot of royal assets and resources when he becomes king. On the other hand, Harry, being the younger brother and fifth in line to the throne, isn’t as high up in the line of succession. This likely played a part in how the inheritance was divided.

Princess Diana, the beloved mother of William and Harry, left a significant inheritance for her sons when she passed away in 1997. The princes were initially set to receive just under £13 million, but this amount was reduced to £8.5 million after death duties were paid. However, this sum grew to over £20 million over time thanks to smart investments managed by royal advisors. Harry and William gained access to these funds when they reached their twenties.

Since stepping back from royal roles, according to OK, Harry and his wife Meghan Markle have been working towards becoming financially independent. They recently purchased a luxurious £12.8 million mansion in California, partly funded by an £8.3 million mortgage. Harry’s personal net worth is estimated to be around £48 million, with Meghan’s wealth believed to be similar, reflecting their joint financial efforts and shared projects.

Meghan has teased her latest venture with her new brand American Riviera Orchard, set to sell over a hundred different products from dog shampoo, chicken feed, and yoga bolsters to reflect her California lifestyle. It is reported to be a “lifestyle and cooking brand,” selling products such as skincare and stationery.

In summary, Prince Harry reportedly received a larger inheritance payout than Prince William from their great-grandmother’s estate due to the difference in inheritance that the two princes are expected to receive in the future. Princess Diana left a significant inheritance for her sons, which grew over time thanks to smart investments. Harry and Meghan have been working towards becoming financially independent, with Meghan’s new brand American Riviera Orchard set to sell a variety of products reflecting her California lifestyle.

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