Prince Harry’s inheritance payout beat William’s as royal left him more than brother for key reason
The Queen Mother died 22 years ago today and left a large chunk of her fortune to be split between her great-grandchildren, but Prince Harry was given more than Prince William for a key reason
The Royal Family were remembering the Queen Mother last week, on the 22nd anniversary of her passing.
She was very close to her grandchildren and great-grandchildren and had thought about their financial futures long before she died.
It’s said that she put a large amount of her money into a trust fund for all her great-grandchildren. But Prince Harry got more than his brother William from the Queen Mother, for an important reason.
When she died at 101, the brothers had £14million to share, but Harry got more. The reason behind this discrepancy in inheritance allocation is due to how money works in the Royal family and can be attributed to the differences in the princes’ future financial prospects.
When the Queen passes away and Prince Charles becomes king, William will likely be the new Prince of Wales. This means he’ll get the Duchy of Cornwall, a private estate that pays for the public, charitable and private activities of the heir to the throne.
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The Queen Mother with Princes William and Harry as children (
Image:
Sunday Mail)
Harry won’t get any of this. The money, along with what he inherited from his mum, Princess Diana, has helped him start his new life in the US with Meghan Markle after they left the Royal family in 2020. The couple are now said to be a lot happier, living the dream life in the sunshine with their two beautiful children.
Diana left her boys £12,966,022 which was reduced to £8,502,330 after death duties. However, astute investments overseen by royal advisors saw this amount swell to over £20million over the years. Both Princes Harry and William gained access to these funds upon reaching their twenties.
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After the Queen Mother’s death, Buckingham Palace revealed some details about her will after going to the High Court to try to keep it private. Her estate was valued at between £50m and £70m at the time, and was passed onto her daughter the Queen.
Prince Harry with wife Meghan Markle (
Image:
Getty Images)
Many items from the Queen’s private art collection were given to the Royal collection and went on display at Buckingham Palace.
A statement released at the time read: “Queen Elizabeth The Queen Mother has bequeathed her entire estate (which mainly comprises the contents of her houses) to The Queen.
“In her will, she asked The Queen to make certain bequests to members of her staff, and these bequests will be subject to Inheritance Tax in the normal way.
“The Queen has decided that the most important of Queen Elizabeth’s pictures and works of art should be transferred to the Royal Collection.”