Prince Harry to Receive CAD 14M Fund Boost on 40th Birthday
Prince Harry will soon be celebrating his 40th birthday. Right after, his account will be boosted by fourteen million Canadian dollars. This is all thanks to a fund set up by the Queen Mother, Elizabeth Bowes-Lyon, for her great-grandchildren.
Prince Harry will celebrate his 40th birthday on September 15, 2024. According to information provided by the "Daily Mail," the establishment of the fund by the Queen Mother was part of a tax strategy to pass on her legacy in a financially efficient manner.
From the fund, whose initial value was thirty-four million Canadian dollars, the beneficiaries included not only Harry and William but also their cousins: Princess Anne’s children, Zara and Peter Phillips, the Duke of York’s daughters, Beatrice and Eugenie, as well as Princess Margaret’s children, Viscount Linley and Lady Sarah Chatto.
Payouts from the fund were divided into two tranches: on their 21st birthday and on the occasion of their 40th birthday, when Harry will receive the aforementioned fourteen million dollars.
Prince Harry will receive fourteen million dollars after his 40th birthday
Harry and his wife Meghan Markle have significantly increased his finances. They earned thirty-nine million Canadian dollars from the publication of his controversial book "Spare," which became the fastest-selling non-fiction work in Great Britain.
Moreover, the couple signed lucrative contracts with companies like Spotify and Netflix and secured book deals, which significantly increased their joint bank account by an additional one hundred seventy-eight million Canadian dollars. The agreements, combined with earnings from banquets and appearances in the United States, have strengthened their financial position.
Harry and Meghan's seemingly lavish life changed after they renounced royal duties. Most of their funds came from the assets of the Duchy of Cornwall, managed by King Charles, who used to transfer approximately four million Canadian dollars annually to his younger son.
Prince Harry and Meghan Markle withdrew from the royal fold several years ago and now live under the sunny skies of California. They own an enormous luxury villa in Montecito. A few days ago, a rumour surfaced that their relationships with neighbours are not the best.
As columnist Richard Mineards explained in an interview with The Telegraph, the couple does not engage in a social life at all, which sets them apart from other celebrities living in those areas. Residents are said to be disappointed by this fact.
