Prince Harry to inherit £10million share of Diana's fortune when he turns 30 next month

show ad

'This is a flagrant violation of privacy': Jennifer Lawrence among 101 A-list celebrities targeted by hacker who has leaked graphic naked photographs of the Oscar winner and other stars online
Doctors fear stroke could leave Joan Rivers as 'either a vegetable or in a wheelchair' as they begin process to bring her out of coma which will take until Tuesday
San Francisco 49ers star Ray McDonald arrested for alleged domestic violence
How to eat exhaustion away: In part two of our unmissable series on beating tiredness, a top doctor reveals the three week diet plan that'll have you bouncing out of bed again
No other team picks up openly gay NFL draft pick Michael Sam after he's cut from the St. Louis Rams
Boston has the worst drivers in America: Motorists in Massachusetts city will crash once every FOUR years
I've had my fill of your cuisine, says US envoy: Ambassador makes a dig at Britain with sly remark about traditional roast lamb
Hero's welcome for NASCAR champ Tony Stewart as he returns to the race track just THREE weeks after killing fellow driver Kevin Ward Jr... before he hits a wall
Wills and Kate plan Chinese charm offensive to repair damage of Charles's 'appalling old waxworks' jibe
Prince Harry to inherit $16million share of Diana's fortune when he turns 30 next month (which is more than his brother William thanks to interest)
Mystery over Atlantic air crash: Plane breaches D.C. airspace and crashes as it appears pilot fell unconscious
Off for a trotabout? The Queen goes for a ride near her Balmoral estate
Father of four gunned down on his own driveway by police who claim he had a gun and was suicidal... but his wife say they are lying he was just having a 'family squabble' and was NOT armed
Devastated wife tells how her husband died of a heart attack on Southwest Airlines flight after attendant refused to use a defibrillator on him because 'his chest was too hairy'
A THIRD of Americans watch TV at 8pm: The interactive graphic that gives an hourly break down of how the country uses its time
Rejected 17,000 times, the British dog no one wants: 'Friendly and affectionate' seven-year-old lurcher has lived in kennels since he was taken in as a puppy
Playboy chef Todd English, 54, charged for driving while intoxicated after getting stopped in The Hamptons in the early hours
Royals under the radar: Kate, William and cocker spaniel Lupo slip through London train station after country break without Prince George
Will California BAN plastic bags? Legislature casts vote to make shopping more eco-friendly
Dance teacher accused of molesting pupil and running 'cult' school 'shot dead in his Louisiana home by son-in-law who was also his former lover'
'Those are salad tongs - you're not using kitchenware!': Reddit discussion reveals hilarious things women have said during childbirth
Parents of British brain tumor boy kidnapped from hospital leave court as grandmother attacks police for arresting the couple
Missing woman 'who helped expose pedophile sex ring involving 11 of her relatives' is now presumed dead, police say as it's revealed she was abused herself as a child
Two dead after fireworks ready for display exploded at tycoon's English wedding

Prince Harry will receive £10million inheritance for 30th birthday next month
It will be the same as that received by his brother Prince William in 2012
But Harry's share expected to be higher due to accumulated interest
The money bequeathed according to their mother's will, drawn up in 1993
Princess Diana's wedding dress also to be transferred into sons' possession

Published: 03:06 EST, 31 August 2014 | Updated: 05:32 EST, 31 August 2014

615

View
comments

Prince Harry is set to receive £10million of his mother's fortune on his 30th birthday next month.

The inheritance, stipulated in the will of his mother Diana, Princess of Wales, is the same as that received by his older brother Prince William on his 30th birthday in 2012.

However, the total amount he will receive is expected to be more than that of his brother due to the accumulated interest in the past two years.

The money comes from a trust fund bequeathed to her two sons at the time of her death in 1997.

In her original will, drawn up in 1993, the princess had stipulated that both princes would be entitled to their entire share of the capital on reaching 25.

Prince Harry will receive a large inheritance from his mother's estate on his birthday in two weeks time

Prince William also received £10million inheritance on his 30th birthday two years ago, but his brother is expected to receive more due to the accumulated interest

But details of the will were changed by a variation order granted by the High Court on December 19, 1997 - three months after her premature death in a Paris car crash.

Her estate comprised stocks and shares, jewellery, cash from her £17million divorce settlement, dresses and other personal belongings at her Kensington Palace apartment.

More...

Diana stipulated that it would be held in trust to be shared equally between her two sons, even though William will inherit income from the Duchy of Cornwall estate when he becomes Prince of Wales.

Prince Harry, who in recent months broke up with his girlfriend Cressida Bonas and turns 30 on September 15, currently earns £38,847 a year as an Army captain.

The hard partying prince currently lives a stone’s-throw from his childhood home, at Nottingham Cottage, a two-bedroom house with its own front garden opposite Kate and William’s Apartment 1A in Kensington Palace.

The inheritance payout is just part of a series of items and a fortune which is handed over to the princes once they both turn 30.

Her now famous wedding dress, which has been in the possession of her brother Earl Spencer since her death, will also be transferred into their possession.

The Royal Wedding of Charles and Diana

Diana pictured wearing the wedding dress on her wedding day with the Prince of Wales in 1981

Lord Spencer said her will stated the dress and a number of other dresses and belongings were to be 'looked after' by him until both the boys turned 30.

The dress has recently been the centrepiece of the exhibition Diana: A Celebration.

For two months every year it was held at Althorp, the family's Northamptonshire estate. For the rest of the year the exhibition moved from country to country.

It was most recently displayed at the Cincinnati Museum Center in America.