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. 

London:

King Charles III on Friday thanked the public for their support in his first year as monarch, as he marked the one-year anniversary of the death of his mother, Queen Elizabeth II.

In a short statement, the 74-year-old British head of state recalled the “great affection” for his mother, her life and public service.

“I am deeply grateful, too, for the love and support that has been shown to my wife and myself during this year as we do our utmost to be of service to you all,” he added.

Commemorations will be low key on Friday, with the king — who is at his sprawling Scottish Highland estate of Balmoral — not expected at any official engagement.

His mother, who was on the throne for a record-breaking 70 years, died at Balmoral aged 96 after a period of declining health.

Throughout her reign she did not publicly mark her accession, as it was also the anniversary of her own father King George VI’s death in 1952.

Last year, when she began her Platinum Jubilee year on February 6, she spent the day in private at her Sandringham estate in Norfolk, eastern England.

– Gun salutes –

In London, the King’s Troop Royal Horse Artillery will mark Charles’s accession by firing a 41-gun ceremonial salute in Hyde Park from 12:00 pm (1100 GMT).

Members of the Honourable Artillery Company — the oldest regiment in the British Army — will fire a 62-gun salute from the Tower of London from 1:00 pm.

Both regiments were involved in firing the Death Gun salutes to mark the queen’s death, and the Proclamation salutes to mark Charles’s new reign.

The king’s eldest son and heir, Prince William, and his wife, Catherine, are expected to carry out royal duties and deliver a message in honour of the late queen.

William’s estranged younger brother, Prince Harry, was in the UK for a charity event on Thursday but was not expected to meet members of his family.

“As you know, I was unable to attend the awards last year as my grandmother passed away,” Harry told the charity event.

“She would have been the first person to insist that I still come to be with you all instead of going to her, and that’s precisely why I know exactly one year on that she is looking down on all of us tonight, happy we’re together.”

Relations between Harry and his father and brother have been strained since he and his wife, Meghan, quit royal life and moved to North America in 2020.

Ties have been frayed further by their criticisms of the family in television interviews, a docuseries and Harry’s autobiography.

– Memorial –

Elizabeth II’s death was a seismic event in British life. For most Britons alive, the queen was the only monarch and head of state they had ever known.

During the 10-day official mourning period, tens of thousands of people queued for up to 25 hours to file past her flag-shrouded coffin as it lay in state in Westminster Hall at the Houses of Parliament.

Even more packed the streets of London and the route west to Windsor Castle for the state funeral, which was beamed around the world to a television audience of millions.

The queen was interred in the King George VI Memorial Chapel, Windsor, alongside her late husband, Prince Philip, who died in 2021, her father and mother and the ashes of her younger sister, Princess Margaret.

Earlier this week, the government announced that a national memorial to the late monarch will be commissioned “in due course”.

In London on Thursday, there were mixed views about Charles’s first year.

Some felt he had been right not to introduce sweeping reform too early. “He’s got a hard act to follow but he will I think change things,” Joanne Hughes, 61, told AFP outside Buckingham Palace.

But despite 161 official engagements and tours of all four nations of the United Kingdom, others were indifferent about the new king — and the monarchy in general.

“The monarchy is dying,” said nursing student Mimi Jaffer-Clarke.

“If he wants it to not die, then he needs to try to get the younger generation to like him — and we just don’t.”

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

London:

Prince Harry paid tribute on Thursday to the late Queen Elizabeth as he returned to Britain to attend an awards ceremony a day before the first anniversary of his grandmother’s death.

Harry only occasionally comes back to Britain since his move to California with his wife Meghan after the couple stepped down from their official royal roles in 2020, and then fell out with the other Windsors, including his father King Charles and elder brother Prince William.

“As you know, I was unable to attend the awards last year as my grandmother passed away,” he said in a speech at the annual ceremony staged in London by WellChild, a charity supporting children suffering from serious illnesses, for which he is a patron.

“As you also probably know, she would have been the first person to insist that I still come to be with you all instead of going to her and that’s precisely why I know exactly one year on that she is looking down on all of us tonight, happy we’re together continuing to spotlights such an incredible community,” he said.

The timing of the annual WellChild ceremony and other events meant that both Harry and Meghan happened to be in Britain when the queen died at her Scottish home, Balmoral Castle, on Sept. 8 last year.

Harry pulled out of last year’s ceremony following news the queen was seriously ill, and travelled north separately from the rest of the royal family, indicative of their recent feud.

He said in his memoir published in January that his father had told him that Meghan was not invited. Kate, William’s wife, also did not go to Balmoral.

The royal family will not be gathering together to mark the anniversary on Friday, and media reports said Harry would not be seeing them during his trip. He is due to head to Düsseldorf in Germany for Saturday’s start of the Invictus Games.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)