In recent years, the relationship between Prince William and his brother Harry has faced significant tension. However, an interesting aspect of their family’s legacy comes into play, particularly as Harry approaches a milestone birthday. As he turns 40 on September 15, he stands to receive a substantial cash gift from a trust established by their great-grandmother, the late Queen Mother.
Founded in 1994 when Harry was just 10 years old, this trust has an estimated total value of £19 million. The Queen Mother, at the age of 94, wanted to ensure that her descendants would be financially supported as they moved into adulthood, arranging for them to receive portions of the trust at ages 21 and again at 40. While specific distribution details are not publicly disclosed, indications suggest that Harry will receive a larger share than William.
So, what’s the reasoning behind this arrangement? The Queen Mother seemed to foresee that William, as the heir apparent, would have access to substantial wealth through the Duchy of Cornwall, ensuring his financial stability.
When they both turned 21, the brothers received a combined £6 million from the trust, with a significant portion directed toward Harry. Now, as they each approach their 40s, another £8 million is set to be distributed. William celebrated his 40th birthday in 2022, currently holding titles of both Prince of Wales and Duke of Cornwall, and stepping into the role of heir apparent alongside his father, King Charles. Given that William’s income from the Duchy reached a remarkable £23.6 million last year, it appears he doesn’t harbor any resentment regarding the trust’s benefits skewed towards Harry, nor would he likely voice any complaints about perceived favoritism from their great-grandmother.