Prince Harry is about to have the best birthday ever!
OK, so, he already turned 40 — that happened on Sunday. And the day has already been shown to be eventful, including most notably a moment in which the royal family swerved his wife Meghan Markle in their public birthday celebration for him! Oops!! But the coming weeks and months are going to give Harry the best birthday gift possible to forget all that, according to a new report!
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Per The Telegraph, the Duke of Sussex’s late great-grandmother, the Queen Mother (that would be the late Queen Elizabeth II‘s mother, who died back in 2002 at the age of 101) deposited money in a trust fund for her great-grandchildren way back in 1994. As a result, that outlet reports, Harry is due to receive about £8 million — roughly $10.5 million USD — now that he is 40 years old!
Speaking to The Times, who confirmed The Telegraph‘s initial reporting over the weekend, a palace insider explained why the Queen Mother made that move three decades ago:
“It was a way in which the Queen Mother could set aside money for when her great-grandchildren were older and a way of passing a slice of her estate down in a tax-efficient way. It was a way in which some of her estate could be ring-fenced for them.”
Wow!
Harry would only have been 10 years old at the time, so this really was quite forward-looking of the Queen Mother.
BTW, in case you were wondering, Prince William was also gifted a trust fund sum from the Queen Mother. However, his is reportedly said to be a bit smaller than Harry’s payday — because William is (obviously) in line to one day inherit the British throne from their father, King Charles III, and will thus have access to WAY more riches than his little bro. Makes sense, TBH!
Also, this isn’t the first time that Harry has been left with a massive sum of money. Back in 1997, after his and William’s mother Princess Diana tragically died, each of them were left with £6.5 million (about $10.4 mil US at the time) from her estate. Considering they were just kids at the time, that money was invested and allowed to sit for years in order to gather substantial interest. In turn, then, Harry was finally granted that inheritance — which had grown to around £10 million, or the equivalent of about $13 million USD today — on his 30th birthday a decade ago.
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In fact, back in 2020 as Harry first stepped away from his royal family duties and moved with Meghan to southern California, he spoke to CBS about how his mother’s money was the safety net that allowed him to take that step. The Spare author, who still lives in ritzy Montecito with Meghan and their children Prince Archie, 5, and Princess Lilibet, 3, said this back then about the fam’s move to America:
“I have what my mum left me and without that, we wouldn’t have been able to do this.”
Now, he’s about to get a whole new lump sum from what his great-grandmother left him, too. It’ll be interesting to see how he uses it as his wife continues to fight for her fledgling media empire.
Reactions, y’all?? How much would YOU love to have access to a few million just for having a birthday?! Not bad, huh? One can always dream… Sigh…
[Image via MEGA/WENN]
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