Inherit $20 million: who bequeathed Prince Harry a large sum and why his brother William will get less
Prince Harry is just a few days away from his 40th birthday, which will take place on September 15. On this day, the Duke of Sussex will inherit millions of dollars from his great-grandmother.
According to The Times, Queen Mother Elizabeth set up a special family trust fund for her great-grandchildren in 1994, when Harry was just 10 years old. The monarch deposited 19 million pounds (almost 25 million dollars) in the bank, a share of which Harry is entitled to receive when he turns 40.
Queen Mother Elizabeth with little Prince Harry.
The prince's late great-grandmother is believed to have bequeathed the money so that Harry and her other great-grandchildren would not have to pay inheritance tax. Reports at the time stated that the funds were to be distributed to her younger relatives in two installments: the first when they turned 21 and the second when they turned 40.
Queen Mother Elizabeth bequeathed $20 million to her great-grandchildren
Although the amount is not disclosed, it was reported that Harry will receive more than his brother William, as the Prince of Wales became the Lord of the Duchy of Cornwall after the coronation of their father Charles. According to various British media outlets, the brothers inherited $7.8 million each when they turned 21, with Harry getting most of it. More than $10 million was earmarked for the brothers when they reached their 40th birthday.
Queen Mother Elizabeth bequeathed $20 million to her great-grandchildren
Harry has always had a close connection with his great-grandmother, and in an interview with Tom Brady last year, after the release of his memoir Spare, he shared a cute nickname he came up with for her. "I had a good laugh with my Gan-Gan at the time. You know, she was very close to my father, and this relationship was something I was aware of, but I never really thought about it in detail," said the Duke of Sussex.
Queen Mother Elizabeth bequeathed $20 million to her great-grandchildren
Earlier, OBOZ.UA wrote about how American billionaire Jeff Bezos bought an airplane worth $80 million (almost 3.3 billion hryvnias). The Gulfstream G700 model is known for its impressive speed capabilities.
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