Prince Harry set to inherit millions on his 40th birthday: report

Prince Harry is set to receive a big payday for his 40th birthday later this year, according to a report. The Duke of Sussex will turn 40 on September 15th. In marked contrast to his older brother Prince William, who received a ceremonial bell concert at Westminster Abbey on his 40th birthday, Prince Harry will inherit millions on his milestone birthday thanks to arrangements made by his late great-grandmother the Queen Elizabeth, the Queen Mother.

According to Timesthe late Queen Mother established a $90 million trust fund for her family, which listed that the Duke of Sussex would receive his share when he turned 40. Prince Harry will reportedly raise around $8.5 million from some of it, which is more than Prince William is slated to get.

However, Prince Harry would still have to pay taxes on his inheritance, while his older brother would benefit from the tax-free Duchy of Cornwall – a private estate that funds his public, charitable and private activities.

“William will benefit from the vast wealth of the Duchy of Cornwall, a private estate that funds the public, charitable and private activities of the King’s heir,” said a source, per New York Post Office. “As a result, Harry is likely to receive just over half of the £14 million allocated to his brothers,” they added.

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With a current net worth estimated at around $60 million, Prince Harry’s next inheritance would be a welcome addition, the outlet noted.

Following their departure as working royals, Prince Harry and his wife Meghan Markle settled in Montecito, California. Their net worth has been largely increased because of the several high-profile projects they have undertaken since leaving royal life in 2020. These projects include a Netflix original, Prince Harry’s tell-all memoir Spare, and the 12 Meghan Markle episodes, Archetypes.

According to Publish, Prince Harry is even considering publishing a follow-up book. The pair will also be in for a big payday with the upcoming launch of Meghan Markle’s new lifestyle brand, American Riviera Orchard.