Amount of Prince Harry’s Substantial Royal Inheritance as He Turns 40 Revealed — Report Explain Details
Prince Harry’s 40th birthday was marked by a double celebration. In addition to turning a milestone age, he also received a substantial inheritance from his great-grandmother.
Prince Harry just turned 40, and it seems his milestone birthday came with more than just well-wishes. The Duke of Sussex is reportedly set to receive a substantial inheritance from his great-grandmother, the late Queen Mother.
The Queen Mother waves to well-wishers during the celebration of her 90th birthday on August 4, 1990, in London, England. | Source: Getty Images
It’s no small sum either—around £19 million($23 million) was tucked away for her great-grandchildren, back in 1994. At the time, that amounted to nearly two-thirds of her fortune! According to reports, Prince Harry and his brother, Prince William, were expected to claim their inheritance in two installments.
The Queen Mother’s 95th Birthday At Her Home Clarence House, London. Prince Harry Holds His Grandmother’s Hand in August 1995 | Source: Getty Images
One at the age of 21 and another at 40. So, now that Prince Harry has officially hit that big birthday, he is now in line to receive his second payout. The funds, originally deposited when the Queen Mother was 94 years old, cleared the seven-year inheritance tax threshold due to her passing in 2002. This means that Prince Harry’s windfall will be tax-free.
