Prince Harry is set to receive a substantial inheritance, which has sparked further discussions about his and Meghan Markle’s financial status.
Recent reports highlight that Harry will inherit £7 million from a trust fund established by his great-grandmother, the late Queen Mother. This inheritance is scheduled to be transferred to him on his 40th birthday, September 15th. The Queen Mother, with an estimated fortune of £1 million, allocated a significant portion of her wealth to a trust fund for the family. According to the Australian magazine New Idea, citing The Times, Harry will receive a £7 million share from this trust fund.
This inheritance is in addition to the considerable earnings that Harry and Meghan have accrued through their high-profile deals, such as their partnership with Netflix in 2020. Interestingly, Harry is expected to receive a larger share of the Queen Mother’s fortune compared to his older brother, Prince William. The financial arrangements within the royal family play a significant role here. As the heir to the throne, William will inherit the vast wealth of the Duchy of Cornwall, a private estate that funds the public, charitable, and private activities of the heir apparent. Consequently, Harry is likely to receive slightly more than half of the £14 million allocated for both brothers.
Princess Anne is also a central figure in these financial matters, known for her unwavering commitment to royal duties and charitable endeavors. She plays a critical role in maintaining the Windsor family’s unity, particularly during times of controversy involving Prince Harry, Meghan Markle, and other family members. As a diligent member of the royal family, Princess Anne tirelessly fulfills official duties and engagements on behalf of the Monarch. She serves as the patron or president of over 300 organizations across various sectors, including education, healthcare, sports, and science.
In addition to her public duties, Princess Anne is the primary trustee for the trust established by Queen Elizabeth, a common practice in the UK to manage and protect family wealth. These trusts are designed to generate income for beneficiaries and occasionally release capital for significant expenses such as property purchases or weddings. The Board of Trustees and their director must approve any capital release. Following the death of Queen Elizabeth, Princess Anne is expected to take complete control of Prince Harry’s trust fund. This decision is influenced by Prince Harry’s controversial remarks about the royal family, which were deemed harmful to the nonprofit organizations he represents. Consequently, Princess Anne will oversee the majority of the funds previously allocated to Prince Harry.
Princess Anne is known for her extensive charitable activities and dedication to organizations that positively impact global issues. While Prince Harry still maintains some private patronages or presidencies with charitable organizations, the extent of his fortune’s involvement remains uncertain. The transfer of his trust funds to Princess Anne coincides with allegations that the Sussexes have struggled to make a significant impact through their charity work in the United States. Sources indicate that the couple has faced challenges in gaining substantial visibility for their charitable endeavors and fulfilling business obligations due to mental health issues.
Prince Harry’s recent statements have also led to the loss of his patronage from the London Marathon Charitable Trust. His self-reported drug use, claims of taking lives, admissions of bullying, and unfounded accusations about the royal family have significantly tarnished his reputation. Additionally, the registration of the charitable foundation in Delaware, known for lenient regulations regarding charitable organizations, has attracted criticism regarding the couple’s use of charity for self-promotion and financial gain.
Princess Anne’s steadfast dedication to royal responsibilities and charitable work underscores her commitment to upholding the values of the monarchy. Despite Meghan Markle’s efforts to assert her influence, Princess Anne remains a formidable figure, ensuring the integrity and continuity of the royal family’s principles and duties.
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Source: Los Angeles Times (edited)
