Prince Harry purportedly inherited a significant portion of the estate left by their great-grandmother, Queen Elizabeth the Queen Mother, after her passing in 2002.
Valued at approximately £70 million, the Queen Mother's estate included valuable assets and property contents that were passed down to her daughter, Queen Elizabeth II, in 1994. Interestingly, the Queen Mother allocated two-thirds of her wealth into a trust fund designated for her great-grandchildren.
Reports indicate that Prince Harry was the principal recipient of this trust, receiving a larger share compared to Prince William. This discrepancy in inheritance could be attributed to the anticipated future inheritances of the princes. As the first in line to the throne, the Prince of Wales is set to inherit numerous Royal assets and resources upon becoming king. Conversely, Harry, being the younger brother and fifth in line to the throne, isn't as high up in the line of succession.
However, the accuracy of the story regarding the Queen Mother's will is questioned by some. With six grandchildren and approximately 11 great-grandchildren at the time of her passing, it's likely that all of the great-grandchildren would have been equally provided for. Furthermore, given the UK's inheritance tax laws and reports about the Queen Mother's financial situation at the time, any assistance she provided to her descendants may have been in the form of living expenses or other support.
It's probable that over the course of 20 years, any assistance provided by the Queen Mother would have been utilized. Contrary to some reports, Prince Harry didn't receive any direct monetary inheritance from his great-grandmother or grandmother, Queen Elizabeth II. Queen Elizabeth II is believed to have left an estate worth approximately $782 million, primarily to her son, King Charles.
Due to the exemption of money exchanged from monarch to monarch from taxation, King Charles's inheritance from his mother will not be taxed. The late Queen was likely aware that any funds earmarked for Prince Harry would be influenced by his marital situation. Thus, all assets were passed directly to Charles, following the traditional succession pattern expected to continue with William and eventually George.
This succession model ensures the preservation of the royal family's wealth over time. Any funds Prince Harry possesses from his family likely originate from his father to support his transition into a new life, along with any inheritance from his late mother's estate. Unless these funds were placed in a trust, it's highly probable that Harry has utilized most, if not all, of them by now.
Upon the tragic passing of Princess Diana in 1997, a considerable inheritance was left for her sons. Initially, just under £13 million was allocated to Prince William and Prince Harry, a figure that dwindled to £8.5 million after accounting for death duties. However, astute investments overseen by royal advisers saw this amount swell to over £20 million over the years. Both Prince Harry and William gained access to these funds upon reaching their 20s.
