In an intriguing turn of events, Prince Harry is on the brink of receiving a hefty inheritance that adds another layer to the ongoing conversation about his and Meghan Markle’s financial situation.
Reports have surfaced indicating that Harry will inherit £7 million from a trust fund created by his great-grandmother, the late Queen Mother.
This significant transfer is scheduled for his 40th birthday on September 15.
The Queen Mother, who boasted a fortune estimated at around £1 million, allocated a considerable slice of her wealth into a family trust fund.
According to Australian magazine New Idea, which cites The Times, Harry’s share from this trust fund is set to be quite substantial.
This windfall comes on top of the impressive earnings he and Meghan have amassed through their high-profile partnerships, including their lucrative deal with Netflix established back in 2020.
Interestingly, Harry is expected to receive a larger portion of this inheritance than his elder brother, Prince William.
This financial dynamic is rooted in the royal family’s arrangements, particularly since William, as the heir to the throne, is slated to inherit the expansive wealth tied to the Duchy of Cornwall.
This estate is instrumental in funding both public and private endeavors for the heir apparent, meaning Harry’s share will likely be just over half of the total £14 million earmarked for both siblings.
Princess Anne also plays a pivotal role in these financial discussions.
Known for her steadfast dedication to royal duties and charitable causes, she is a unifying force within the Windsor family, especially during turbulent times involving Harry, Meghan, and other relatives.
As a committed member of the royal family, Princess Anne actively engages in numerous official duties and represents the monarchy at various events.
Her responsibilities extend beyond mere appearances; she serves as the patron or president of more than 300 organizations spanning education, healthcare, and sports science.
Furthermore, she is the primary trustee of the trust established by Queen Elizabeth, a common practice in the UK designed to safeguard and manage family wealth.
Such trusts are intended to generate income for beneficiaries while allowing for capital release for significant expenses like property purchases or weddings, pending approval from the board of trustees.
With the passing of Queen Elizabeth, Princess Anne is expected to take full control of Prince Harry’s trust fund.
This decision appears to be influenced by Harry’s controversial comments about the royal family, which have been perceived as detrimental to the non-profits he represents.
As a result, Princess Anne will manage the majority of the funds that were previously designated for Harry.
While Harry still holds some private roles with charitable organizations, the extent of his engagement remains unclear.
The transition of his trust funds to Princess Anne comes amid claims that he and Meghan have struggled to make a notable impact with their charitable endeavors in the United States.
Sources suggest that the couple has faced hurdles in gaining visibility for their initiatives, compounded by mental health challenges.
Harry’s recent remarks have already cost him his patronage with the London Marathon Charitable Trust.
His candid admissions about drug use, claims of taking lives, and allegations of bullying have severely impacted his public image.
Moreover, the registration of their charitable foundation in Delaware, a state known for its lenient regulations regarding charities, has drawn scrutiny over the couple’s intentions, with critics suggesting they may be using charity as a vehicle for self-promotion.
Through it all, Princess Anne’s unwavering commitment to royal responsibilities and charitable work highlights her dedication to preserving the monarchy’s values.
Despite Meghan Markle’s attempts to assert her influence, Princess Anne stands as a formidable figure, ensuring that the principles and duties of the royal family remain intact and respected.