Prince Harry received an inheritance from his late mother, and I believe he received the money when he turned 30. He ended up using some of that money to move to California with Meghan and Archie, as they set up their new lives. In those chaotic days in 2020, the Duke and Duchess of Sussex ended up signing contracts with Netflix and Spotify, and then Harry became the Chief Impact Officer of BetterUp. Don’t forget Harry’s book deal, which probably ended up being the most profitable and successful move of his new American life. Many in the publishing industry estimated that Spare’s sales more than justified his advance and that he made millions beyond his advance. The point is that the Sussexes have money now, they have many different revenue streams and they had to do commercials deals so that they could pay for their private security. Well, according to random British reporting, Harry will soon collect a seven-figure check from a dead relative. His great-grandmother, the Queen Mum, left money for Harry and Prince William in a trust. The money will be released to Harry on his 40th birthday in September.
Prince Harry is set to receive a rather hefty 40th birthday present later this year, according to a report. The Duke of Sussex will turn 40 on Sept. 15, and an eye-popping cash gift awaits him as he ventures into his 40s.
Unlike his estranged brother Prince William, who received a ceremonial bell concert at Westminster Abbey on the milestone birthday, Harry will get a huge payout thanks to arrangements made by his late great-grandmother, Queen Elizabeth, the Queen Mother.
The late Queen Elizabeth II’s mother put $90 million into a trust fund for her family, and listed that Harry was to access his share of the trust when he turned 40 as one of the fund’s stipulations, the Times reports. Still, Harry will have to pay tax on his future commercial earnings, the outlet adds.
The father of two is reportedly set to receive a whopping $8.5 million from his share — which is more than William is slated to get, the Mirror reports. As the heir to the throne, William will in turn benefit from the tax-exempt 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,” a source told the outlet. “As a result, Harry is likely to receive slightly more than half of the £14 million allocated for the brothers.”
The Post has reached out to Kensington Palace and reps for the Harry and Meghan Markle for comment. The outlet notes that the hefty sum of money will be a welcome addition to the Duke and Duchess of Sussex’s net worth, which currently sits comfortably at about $60 million.
The Sussexes are worth $60 million, true or false? I would say false, especially after the success of Spare. I don’t think $60 million is a crazy underestimate, but I would guess that their net worth is probably more like $80 million (including real estate). While the inheritance is nice, they’re trying to make it sound like the Sussexes are desperate for any kind of cash infusion. I don’t think they are. As for Huevo getting less money from the Queen Mum… I’m pretty sure that’s the way Diana’s estate was set up as well, with Harry receiving more money than William beecause William is “the heir.”
Photos courtesy of Cover Images.
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- Prince Harry The Duke of Sussex arrives for the annual WellChild Awards 2023 at the Hurlingham Club in London. Featuring: Prince Harry, Duke of Sussex Where: London, United Kingdom When: 07 Sep 2023 Credit: PA Images/INSTARimages **NORTH AMERICA RIGHTS ONLY**
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- Prince Harry The Duke of Sussex arrives for the annual WellChild Awards 2023 at the Hurlingham Club in London. Featuring: Prince Harry, Duke of Sussex Where: London, United Kingdom When: 07 Sep 2023 Credit: PA Images/INSTARimages **NORTH AMERICA RIGHTS ONLY**
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- Prince Harry, Duke of Sussex attending the final day of the One Year to Go Event before the Invictus Games Vancouver Whistler 2025 and go curling at the Vancouver Curling Club at Hillcrest Community Centre Featuring: Prince Harry, Duke of Sussex Where: Vancouver, Canada When: 16 Feb 2024 Credit: Dutch Press Photo/Cover Images **NOT AVAILABLE FOR PUBLICATION IN THE NETHERLANDS OR FRANCE**
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- Prince Harry, Duke of Sussex and Meghan Markle, Duchess of Sussex attending the final day of the One Year to Go Event before the Invictus Games Vancouver Whistler 2025 and go curling at the Vancouver Curling Club at Hillcrest Community Centre Featuring: Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex Where: Vancouver, Canada When: 16 Feb 2024 Credit: Dutch Press Photo/Cover Images **NOT AVAILABLE FOR PUBLICATION IN THE NETHERLANDS OR FRANCE**
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- Prince Harry, Duke of Sussex attending the final day of the One Year to Go Event before the Invictus Games Vancouver Whistler 2025 and go curling at the Vancouver Curling Club at Hillcrest Community Centre Featuring: Prince Harry, Duke of Sussex Where: Vancouver, Canada When: 16 Feb 2024 Credit: Dutch Press Photo/Cover Images **NOT AVAILABLE FOR PUBLICATION IN THE NETHERLANDS OR FRANCE**
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- The Duke of Sussex during the awards ceremony after he played in a polo match during the Royal Salute Polo Challenge, to benefit Sentebale, at The USPA National Polo Center Featuring: Prince Harry, Duke Of Sussex Where: Wellington, Florida, United States When: 12 Apr 2024 Credit: PA Images/INSTARimages **NORTH AMERICA RIGHTS ONLY**
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- The Duke and Duchess of Sussex after arrive at the Royal Salute Polo Challenge, to benefit Sentebale, at The USPA National Polo Center. Featuring: Prince Harry, Meghan Markle Where: Wellington, Florida, United States When: 12 Apr 2024 Credit: PA Images/INSTARimages **NORTH AMERICA RIGHTS ONLY**
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- The Duke and Duchess of Sussex after arrive at the Royal Salute Polo Challenge, to benefit Sentebale, at The USPA National Polo Center. Featuring: Prince Harry, Meghan Markle Where: Wellington, Florida, United States When: 12 Apr 2024 Credit: PA Images/INSTARimages **NORTH AMERICA RIGHTS ONLY**
His great-grandmother gave him more money because he would not be King. His Mother gave him more money because he would not be King and I’m guessing if QE2 left him anything she gave him more money for the same reason. It’s not a leap.
Actually, it is a huge leap. Where in the H*ll are they coming up with $90 million? The Queen Mothers yearly stipend was far less than what she spent. The math isn’t mathing. Unless the BM/BRF are willing to share how the Queen Mother invested and had this kind of money, not a believer in this story. Until..receipts.
So the royals are extremely secretive about money and Prince Phillip’s will has been sealed so the public can’t access it but someone at the Times knows the exact amount of inheritance Harry will get in a few months? Not sure I believe this.
If this is true, I’m surprised that the Queen Mum would even deign to acknowledge Harry at all! She, like everyone else in that family (except maybe Queen Liz) seems (-ed) to think and behave like the only important brother is/was the first born heir! And strangely, I remember a fuss being made when Harry was born, that he was not a girl, but was a Spencer redhead spare (the horror!). Either way, I image that when the Bad Brother hears about this, he will everything he can to block it citing human rights issues and, oh yes, Harry marrying a WOC.
I recall when the queen mum died it was reported her will left more money to Harry since he was the spare so would not have the wealth of the crown to fall back on, so this is quite believable
Remember, Elizabeth Bowes-Lyon (the Queen Mum) was married to “The Spare” herself. She was married to Bertie for 13 years before her husband unexpectedly became King, so she knew better than anyone the kind of financial restrictions that Harry would face.
The Queen Mum was also noted for her snobbery to the point where it was joked she was “more royal than the royals”. She infamously ignored members of the royal family of lower rank and preferred the heirs.
Aside from that, yes, she had no liquid assets at her death.
I think this story is untrue. Let’s remember how many papers printed that Charles was still supporting Harry and Meghan when he had cut them off.
IKR? I believe Di left money for her baby, because he said so. I will have to see a check for me to believe that racist old drunk didn’t spend her last dime on gin.
These trusts have long been speculated but there’s never been any proof of them AFAIK. How the QM have 90 million to put into trusts anyway?
Harry’s spokesperson said in 2021 that he had not received any money from the QM but that does not preclude him getting money at this point. But its interesting he didn’t mention it at all in Spare. He talked about his mothers trust but wanting to protect that for Archie and Lili, you would think he might have mentioned a second trust as well at that point? IDK.
I don’t trust Times or NY Post. They don’t have any proof, just believe me bro’ing it. According to them, Harry & Meghan were living a life of luxury back in UK too.
The queen mum was supposedly in debt and her daughter had to bail her out because of her gambling habits. And just how exactly would this woman have any money? Was she squirrelling away money from the civil list? The Queen mum, like Kate, never had a significant job that earned money and was funded by taxpayers her whole married life. But the Queen mum never lived frugally. So where does this money come from?
The money was all put in a trust. She passed before Harry was all grown up. Let’s also remember she wasn’t just QEII’s mum. She also watched what David’s addiction for Wallace did to her husband and to MARGARET. Margaret was the spare. She was banished to an island, forbidden to marry who she truly loved, etc. QM knew all this & what Harry went through losing his mother. She had his portion held in trust until he turned 40. Those caring for the trust did a good job–it sounds as if it grew over time. He is due to get more than 8.5 million. A lot more. And considerably more than William. Smirking.
Considering how the QM favored both Charles and William over everyone else because they were the heirs, I just don’t think she was that bothered about Harry being “the spare.”
again these rumors of a trust from the QM have been circulating for years but Harry’s team flat out denied them in 2021 and Harry didn’t mention anything about it in spare, so I am taking all of this with a huge grain of salt.
I thought QM died in debt from a gambling problem? If there’s a trust it must have had strong padlocks.
The trust fund exists because it was a tax dodge. It was a calculated gamble that she would live 7 years after the trust was established to avoid having to pay 40% of the value of that trust in taxes.
https://www.theguardian.com/uk/2002/apr/03/queenmother.monarchy2
I don’t know why this is public information, but if it helps keep his family safe and independent I’m happy for them.
I remember Harry’s team went on record to deny to Forbes in 2021 I think that no money was left to him from the queen mother
I thought the Queen Mother had a lot of debts and QE2 had to pay for them. Where did she get that much of money? Do we believe that info?
I have zero faith in the accuracy of this article but both those things could be true, that she left a ton of debt and had funds squirrelled away. I’m pretty sure they royals see themselves as being above having to actually pay for things.
As for where she got it, probably the same place Phillip got his (supposed) millions, plenty of people are happy to give dodgy cash to this crowd.
That’s true @SarahCS. We have seen with Fergie & Andrew playing poor with their debtors. Then, buying an expensive new home right after they got discount on their debt. I still don’t believe this though.
If the money was in a trust for the grandchildren and great grandchildren, it would be protected from creditors, because its not the QM’s money. So its possible that she did have debts she couldn’t pay out of her own money but still have funds in a trust for her heirs. As for where the money came from, I guess from her husband or Elizabeth. Assuming this story is true, especially given how secretive they all are about money.
Trusts that you set up for someone else is not included in your debts and can’t be touched by creditors because it’s not your money anymore. People hide money and other assets in trusts all the time to protect it from creditors.
Did William get his “share” on HIS 40th birthday? I suppose if Philip had millions of his own to leave in his will, the Queen Mum would too. I don’t find this story wholly credible, although apparently there have been stories about the Queen Mother’s bequest to her grandchildren. There seems to ever only talk about Harry’s inheritance, and nobody else’s. They always want to be in his business. It seems the Brits only respect inherited wealth. Earned wealth, like Meghan’s, is looked down upon, just like they used to look down upon people who made their money in “trade” and not inherited land wealth created by the sweat of the brows of serfs way back when.
@tamsin, you and I had the same thought. The best proof of this money’s existence would be noting that William recently turned 40 and received an amount from this trust. I don’t remember reading that, so it makes you wonder why there seems to be so much specific detail about Harry’s inheritance. Why, one might almost think that this whole story is nothing but an attempt to deflect or “both sides” peoples’ complaints about the ridiculous amount of funds the royal family are taking. If you were a cynical sort.
Yes, poor penniless William only got a bell ringing concert, lol. But the article glosses over the bit that Harry will get just a little over half the amount – which means William gets a little under half that amount. I’m sure the RF didn’t want that pointed out, considering that William is swimming in wealth.
How come the late queen mother left that much amount of money to Harry? Queen Elizabeth had to pay off her gambling and other debts! If anything, Harry is probably entitled to that Works money, since it is stipulated in the will of Frank Works that only his descendants who marry Americans and live in America can claim their inheritance (lol imagine if his money is actually that long)
Lady Hanbury, who is Frank Works? Googling I only find a Frances Work related to Prince Harry. Curious to know
Frank Work would be Frances Work’s father. Her father didn’t like the man that she married James Burke Roche, 3rd Baron Fermoy, so he stipulated in his will that no part of his estate was to go to his “erstwhile son-in-law, James Boothby Burke Roche.” Frances later divorced him. One of her daughters is the great-grandmother of actor Oliver Platt.
OK hypothetically let’s say this is true and this money was put in a trust at the latest 2002 probably earlier. Wouldn’t that inheritance increase with interest after 20+ years wouldn’t that number be potentially double maybe triple. I’m not a financier. Maybe someone around here can enlighten me.
So the general story about this trust is that the QM set it up years before she died – maybe in the 90s? There was a time frame where she had to do it so the money would not be taxed upon her death – so under this theory Louise and James would not have trusts. So she only had 6 great-grandchildren at the time. How did she divide 90 million up so Harry only gets 8.5, without the interest and such that you mention?
Because yes in a trust interest would be added to it, it would not just be the flat amount she set aside.
I’d assume Margaret’s children/grandchildren would be accounted for as well?
@Shazbot 🤦♀️🤦♀️🤦♀️ I completely forgot about Margaret and her children/grandchildren. whoops lol.
I would assume its worth 90m now (if it exists), and is probably to be divided equally among the great grandchildren except for Wee Willie.
Potentially the “lesser” great grandkids get a bit more that WW and H as they stand to inherit less down the line.
Trust was established in 1994
Didn’t Harry already debunk this? I could have sworn that he said is Spare that the Queen Mother did not leave him a big inheritance.
They like to forget Harry’s words when it doesn’t align with their fake storylines. Harry refuted inheritance from QM before.
Well if he doesn’t get to use it until he turns 40 then yeah he could rightly say he did get anything at that time. You can’t spend money you don’t have yet, unless you’re using a credit card. But yeah, this story is probably a lie and somehow it will be used to bash the Sussexes.
And when there is no story to bash the Sussexes with the DM will make one up.
I remember reading that too.
This isn’t true at all. It’s a mish mash of stories. The money Harry will likely be receiving when he turns 40 is the other part of his mother’s inheritance to him which was reported over the years to have been split to avoid them getting too overwhelming a sum at age 30. Willy would’ve got his too when he turned 40. Not the Queen mother’s money. She had no money to give and best believe if she did, she wouldn’t have been thinking about Harry. The QM was a snob who believed strongly in hierarchy. She would not have seen it as her responsibility to provide for Harry at all.
Those gutter rats are so invested in Harry and Meghan’s wealth and life. Geez, the have a who;e family they support in the Uk, focus on them.
I vaguely recall reading something about how the brothers were supposed to receive a payout for some past milestone, but that somehow the terms had been changed by the trustees(?) so that now they had to wait until 40. It would have been before QEII or Philip died, so it would have been money left by Diana or the Queen mum. I thought that seemed odd at the time but it was definitely pre-Meghan so it may have been during a more reckless era. Thinking back now, I wonder if there’d been shenanigans with trust money and someone needed time to put it back. Or maybe it was just another made up story.
They did file a variance on Diana’s will to raise the age Harry and Will could receive their trusts from her. She set it at 21 or 25, I think, and the variance raised it to 30 or 35.
Just one more brick in the wall of financial control.
Didn’t they say that the Queen Mother left a load of debt when she died? Where is she getting 90 million to put in trust?
Just because she had unpaid debts doesn’t necessarily mean that she didn’t have the money. Remember that most of the wealthy don’t see debts as moral obligations, just legal ones, and they have lawyers and accountants to get around those. She was on the civil list for years, so she had an income but most of her expenses were already covered. She was also total spendthrift and a gambler and her family knew it. It’s possible that someone invested a big chunk of her money and kept it out of easy reach.
The same Queen Mother who allegedly ignored Harry and only concentrated on William? The same woman who owed over 7.5M when she died?
The British media never want to back away from a narrative they like. There is no money. Smh
I thought Princess Anne was the trustee and she had pushed it back till he is 45 when he married Meghan and left the UK. i also read it was 50million, but that is how rumors go things get exaggerated. i hope Anne doesnt dally and gives him his money, if she can still remember
I heard it was 100 Million and he will get it when he turns t-50…..or is it that he got it when he turned 20?
Oh well, cant recall now.
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LMFAO
Thats how gossip works.
I thought both of Diana’s sons got the last of their inheritance when they turned 40. I think Diana’s sisters arranged it so that they got half at 30 or 35 and the other half at 40. I wonder why they aren’t talking about that? I seriously doubt that the QM left any money to anyone. I don’t think they want to use Princess Di’s name in relation to Harry.
Whatever it is — if there is indeed something — it will pale in comparison to the money the left-behinds are grifting from British taxpayers.
As far as taxes are concerned, my husband received an inheritance from his uncle in the UK. He was not subject to UK taxes because he resided in the US.
As an executive, Harry also could have Better Up shares, which could drastically increase his net worth. I am so happy that Harry and Meghan continue to prosper.
The RF official website says the QM “bequeathed her entire estate to the Queen” (05/17/2002), also H’s rep denied this rumor back when it first was being thrown around & said H was not a beneficiary of the QM’s “fortune”.
Queen Mum was a noted spender. Prince Philip tried to rein her in with no luck as Eliz 11 gave in to all her excesses. Margaret also spent excessively. There was no 90 million!! More b.s.from the rag mags. She died in debt. What she had in jewelry and personal possessions she left to Elizabeth.
Who got all of QE’s personal jewelry? I’d think it would be her female descendants, right? So the York sisters, Louise, Charlotte, and Lilibet? I hope Lili gets something from her great-grandmother- and her great-great grandmother.
Most likely QEII left it all to Charles. Monarch-to-monarch inheritances are tax free. And when the Queen Mother died she left everything to QEII and the government approved a Queen-to-Queen one-time tax free inheritance, which was completely bogus.
British aristocrats strongly favor leaving everything to the heir to the family title, mainly to consolidate the family fortune under the control of the person with the title. This then allows the titled individual to exert financial control over their family and extended family and ‘keep them in line’, because their culture sees working for a living as beneath them. Also living within their means…they are aristocrats, there are certain expectations of their lifestyle, finding a way to obtain that (or the appearance of such) is more important than ethics or shame or minor legal details. The only rule is don’t get caught.