On September 15, Prince Harry will celebrate his 40th birthday, marked by a noteworthy gift from Queen Elizabeth. Harry is set to receive approximately $8.5 million from a trust fund established by the late Queen Mother. This fund, totaling $90 million, was designed to benefit members of the royal family and specifies that Harry would receive his portion upon turning 40.
Family Tensions and Discontent
However, this considerable inheritance has stirred discontent among other members of the royal family. Prince William and Princess Kate have reportedly voiced their dissatisfaction with the allocation. Sources suggest that William is particularly upset, feeling that Harry is benefiting financially without fulfilling his royal duties. According to a source close to the family, “William’s pretty disgusted that once again Harry’s going to be cashing out and taking millions back to his Montecito home without lifting a finger for it.”
Mistrust and Financial Comparisons
The discontent appears to stem from broader issues of mistrust and unresolved tensions between the brothers and their spouses. William and Kate’s feelings are further complicated by their perception of Harry’s actions and the treatment he has reportedly extended toward them. Despite this, Harry’s inheritance will be larger than William’s. William benefits from the Duchy of Cornwall, which provides substantial funding for his various activities, making his financial situation distinct from Harry’s. As such, Harry’s share of the inheritance is expected to exceed half of the £14 million allocated to the brothers.
Tax Implications and Financial Impact
It is also important to note that Harry will be required to pay taxes on the inherited amount. His current net worth, combined with Meghan’s, is estimated at around $60 million. This substantial inheritance will likely impact Harry’s financial status and future plans, adding another dimension to the ongoing complexities within the royal family.
