Prince Harry‘s fortune has increased significantly, as he reportedly received a $10 million inheritance from the Royal Family on his birthday. There is no doubt that this millionaire sum of money will be beneficial for the Duke and Duchess of Sussex, especially now that they do not receive royal assets.
The late Queen Elizabeth, also known as the Queen Mother, was William and Harry’s great-grandmother, which is why in 1994 she created a trust fund for her great-grandchildren, so she could leave part of her estate reserved for the princes, whom she was so fond of.
A former palace aide told The London Times, “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“. As it was an inheritance, Prince Harry, who recently had his birthday, will not pay taxes on the huge sum of money he received.
According to reports in the trust fund, they were deposited around 25 million dollars by Queen Elizabeth, of which the brothers received 7 million between the two approximately when they turned 21, and after his 40th birthday, the duke would legally receive his remaining 10 million, as that was the clause.
