british media: as his 40th birthday approaches, will prince harry receive a huge inheritance of 8 million pounds?
2024-09-09
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[global times uk correspondent ji shuangcheng, global times correspondent li jing] as prince harry's 40th birthday approaches on september 15, the focus of the british royal family may receive a huge inheritance worth 8 million pounds. according to a report by new zealand tv on the 8th, the money comes from a trust fund set up 30 years ago by the queen elizabeth the queen mother, the mother of queen elizabeth ii of the united kingdom.
prince harry's profile picture source: visual china
the times reported that the queen mother set up a trust fund with a total amount of 19 million pounds in 1994 when she was 94 years old. according to a former palace assistant, the queen mother set up this fund to provide future financial security for her great-grandchildren while avoiding high inheritance taxes. the trust fund is divided into two installments: the first payment is made when each beneficiary is 21 years old, and the second payment is made when the beneficiary reaches 40 years old.
according to the british daily mail, the beneficiaries of the fund include not only prince william and prince harry, but also princess anne's children, the duke of york's daughter and princess margaret's children.
although the specific distribution details of the trust fund have not been made public, sources believe that prince harry may receive a larger share of the inheritance than prince william on his 40th birthday. the reason is that when setting up the fund, the queen mother speculated that as the future heir to the throne, prince william would receive more wealth from the duchy of cornwall. as the queen mother expected, with the coronation of king charles iii, prince william was appointed the new prince of wales and inherited the duchy of cornwall. according to new zealand tv one, prince william can obtain wealth worth 23.6 million pounds.
for prince harry, after leaving the royal family, he needs to increase his wealth through various channels. the daily mail said that his autobiographical memoir "the spare tyre", published in 2023, became one of the fastest-selling non-fiction books in british history, and as of april this year, it has brought him about 22 million pounds in revenue. prince harry and his wife meghan further increased their income by signing a number of commercial contracts, including a 25 million pound agreement with spotify, an 81 million pound agreement with netflix in the united states, and other events and speaking appearances. currently, prince harry and meghan live in a mansion in montecito, california, usa. the mansion, worth 11 million pounds, contains 9 bedrooms and 13 bathrooms, and comes with a mortgage of 7.5 million pounds.
the global times' special correspondent in the uk noted that netizen lizette commented on the daily mail's report that 8 million pounds seems a lot, but harry may not be as wealthy as the outside world speculates. many british netizens believe that harry and meghan may not be able to make a lot of money in the united states. the show they participated in has not been very popular recently, and how much they can earn depends on subsequent statistics. his annual expenditure on hiring security guards is more than 3 million pounds.
in the uk, many people earn only 20,000 to 30,000 pounds a year. many netizens joked with bitterness that "i am so frugal that i hesitate for a long time before spending 8 pounds a day, while the rich can easily earn 8 million pounds."
