Recent reports have shed light on an intriguing aspect of the royal family’s financial affairs, revealing that Prince Harry has received a larger inheritance sum than his brother, Prince William. The disparity in inheritance allocation stems from differences in their respective future financial outlooks.
It is understood that Prince Harry inherited a more substantial share from the estate of their great-grandmother, Queen Elizabeth The Queen Mother, following her passing in 2002. With an estimated worth of approximately £70 million, the Queen Mother’s estate comprised valuable assets and property contents that were passed down to her daughter, Queen Elizabeth II.
In a notable move in 1994, the Queen Mother allocated two-thirds of her fortune into a trust fund designated for her great-grandchildren. Prince Harry emerged as the primary beneficiary of this trust, receiving a larger portion compared to his elder brother, Prince William.
The variation in inheritance distribution can be attributed to the divergent financial prospects of the two princes. As the eldest and first in line to the throne, Prince William is poised to inherit significant royal assets and resources upon assuming the throne. Conversely, Prince Harry, positioned lower in the line of succession as the younger sibling and fifth in line to the throne, has a different trajectory in terms of future financial entitlements. This contrast likely influenced the allocation of the inheritance.
Furthermore, the late Princess Diana, mother to both princes, left a substantial inheritance for her sons upon her untimely demise in 1997. Initially, an amount just under £13 million was earmarked for Prince William and Prince Harry, which eventually decreased to £8.5 million after accounting for death duties.
However, prudent investments managed by royal advisors resulted in a significant increase in this sum over the years, surpassing £20 million. Both Princes Harry and William gained access to these funds upon reaching their twenties.
Since stepping back from their royal duties, Prince Harry and Meghan Markle have embarked on a journey toward financial independence. Their relocation to the United States, particularly to California, saw them invest in a luxurious £12.8 million mansion, partially financed by an £8.3 million mortgage.
Prince Harry’s estimated personal net worth currently stands at around £48 million, with Meghan’s wealth believed to be similar. This reflects their collaborative financial ventures and joint endeavors as they forge their path beyond the constraints of traditional royal roles.
