Prince Harry is set to receive a huge payout on his 40th birthday later this year, according to a report. The Duke of Sussex will turn 40 on September 15. In striking contrast to his elder brother Prince William, who received a ceremonial bell concert at Westminster Abbey on his 40th birthday, Prince Harry will inherit millions on his milestone birthday, thanks to arrangements made by his late great-grandmother, Queen Elizabeth, the Queen Mother. 

According to the Times, the late Queen Mother established a $90 million trust fund for her family, which listed that the Duke of Sussex would receive his share when he turned 40. Prince Harry will reportedly rake in around $8.5 million from his share, which is more than Prince William is slated to get.

However, Prince Harry would still have to pay taxes on his inheritance, while his elder brother would benefit from the tax-exempt Duchy of Cornwall – a private estate that funds his public, charitable and private activities. 

“William will benefit from the vast wealth of the Duchy of Cornwall, a private estate that funds the public, charitable, and private activities of the king’s heir,” a source said, per New York Post. “As a result, Harry is likely to receive slightly more than half of the 14 million pounds allocated for the brothers,” they added. 

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With an estimated current net worth of about $60 million, Prince Harry’s upcoming inheritance would be a welcome addition, the outlet noted. 

Following their exit as senior working royals, Prince Harry and his wife Meghan Markle settled in Montecito, California. Their net worth was largely boosted because of the several high-profile projects they’ve taken on since quitting royal life in 2020. These projects include a Netflix original, Prince Harry’s tell-all memoir Spare, and Meghan Markle’s 12-episode podcast, Archetypes. 

According to the Post, Prince Harry is even considering publishing a follow-up book. The duo are also in for a big payday with the forthcoming launch of Meghan Markle’s new lifestyle brand, American Riviera Orchard. 

Meghan Markle had asked Victoria Beckham for free clothes and handbags during her engagement to Prince Harry, claims a new book. However, Buckingham Palace purportedly intervened, citing rules against such requests, according to celebrity biographer Tom Bower’s book, ‘The House of Beckham’.

Markle also allegedly failed to return a pair of Aquazzura shoes after a fashion photoshoot.

The book details a complex relationship between the ‘Suits’ actor and the Beckhams, who were once close friends. Meghan Markle had stayed at the Beckhams’ Beverly Hills residence and a member of Victoria Beckham’s team even offered her make-up and beauty tips during her time in London, according to the book.

Tensions reportedly arose when the Duchess of Sussex suspected Victoria Beckham of leaking stories to the media, which strained their relationship. This incident reportedly led Prince Harry to “complain” to David Beckham. Victoria denied any involvement and blamed a beautician, instead. 

A source told Daily Mail that David Beckham was “bloody furious” over accusations that his family leaked information about the Sussexes to the press, making a reconciliation seem “unlikely”.

According to Mr Bower, the tension further grew due to Markle feeling sensitive about media scrutiny and jealous of the Beckhams’ wealth and luxurious lifestyle. The situation escalated when she allegedly snubbed the Beckhams at her wedding in 2018, where they were invited but not to a special dinner with celebrities like George Clooney, leaving Victoria Beckham feeling “insulted”.  

The book states that Victoria Beckham appeared “stony-faced” in photos from the erstwhile royals’ wedding at St George’s Chapel back in 2018. The relationship reportedly got “frosty” over time, with the Beckhams allegedly not inviting the Sussexes to their son Brooklyn Beckham’s lavish Palm Beach wedding to Nicola Peltz in 2022.

However, despite tensions, Markle continued to publicly support the former Spice Girl by wearing pieces from her fashion collection on several occasions, including Christmas in 2018 and the Commonwealth Day Service in 2019.

Tom Bower’s book ‘House of Beckham: Money, Sex and Power’ is out now.