Why Prince Harry’s huge inheritance was saved until his 40th birthday

Why Prince Harry’s huge inheritance was saved until his 40th birthday

The reason Prince Harry has had to wait until his 40th birthday before receiving his huge inheritance has been revealed by a prominent royal author.

The Duke of Sussex, who will turn 40 on Sept. 15, is set to receive a massive payout as he enters his 40s 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.
Prince Harry is set to receive a massive payout when he turns 40 on Sept. 15.

And according to Christopher Andersen, author of “The King,” the father of two has had to wait four decades for his lucrative gift for good reason.

“Why 40? To a woman who nearly lived to be 102, one can only imagine that 40 seemed like the perfect age to come into some extra cash — when you’re young enough to appreciate it but also old enough, and hopefully wise enough, not to blow it,” Andersen told Fox News.

Prince Harry to accept $8.5 million inheritance as it’s ‘money that’s owed to him’: ex-palace staffer
Prince Harry to accept $8.5 million inheritance as it’s ‘money that’s owed to him’: ex-palace staffer

“Of course, the princes’ great granny couldn’t have anticipated all the trouble Harry caused the rest of the family. I think she would have cut him out of [the trust] entirely had she known.”

Unlike his estranged brother Prince William, who received a ceremonial bell concert at Westminster Abbey on the milestone birthday, Harry is reportedly set to receive a whopping $8.5 million from his share — which is more than William received on his 40th birthday, the Mirror reports.

Still, the duke will have to pay tax on his future commercial earning.

The hefty sum of money will be a welcome addition to Harry and wife Meghan Markle’s net worth, which currently sits comfortably at about $60 million.

“Prince Harry is set to receive more money than Prince William because he is the spare,” Kinsey Schofield, host of the “To Di For Daily” podcast, told the outlet.

Harry and his brother’s late great-grandmother Queen Elizabeth, the queen mother, put $90 million into a trust fund for her family.

“The queen mother knew he would have fewer opportunities and responsibilities. It was a logical and thoughtful decision.”

“There will be no tensions as [the family] knew about this arrangement for decades. Prince William likely quietly inherited his share two summers ago when he turned 40,” Schofield added.