Prince Harry & his upstart wife must be honest about their money – they’ve made millions from the royals, claims expert
This comes as Kensington Palace has confirmed Prince William pays the highest rate of income tax on his private estate, the Duchy of Cornwall, however, the amount was not disclosed.
Broadcaster Esther Okraku argued that if some people think the Prince of Wales should reveal the tax amount, so should his brother Prince Harry.
Speaking on The Sun’s Royal Exclusive show, she shared: “It’s an uncomfortable conversation that I think is completely unnecessary, and I think if you’re going to have those conversations, then you might as well have them about Harry as well, he inherited, what, £10 million from the late Queen Mother.”
The Sun’s Royal Editor Matt Wilkinson chimed in: “Again, that’s all very secretive. We don’t know the exact figures.”
Esther continued: “Exactly, but why is no one asking him?
“I mean, him and his upstart wife arguably haven’t earned that money by any means.
“You know, why aren’t we criticising them? Because it’s just distasteful.
“And I think we should extend the same courtesy to William.”
HARRY’S GOLDMINE
Both Harry and William received a hefty inheritance from their late mother, Princess Diana, who died in 1997.
The People’s Princess left just shy of £13 million to her sons, which was reduced to £8.5 million after death duties.
This swelled to over £20 million thanks to years of savvy investments by royal advisors.
He may be the youngest, but Harry reportedly got a bigger inheritance from their great-grandmother Elizabeth Bowes-Lyon, known as the Queen Mother, after she passed away in 2002.
She left an estimated £70m fortune, including works of art and house contents, to her only surviving daughter, Queen Elizabeth II.
But years prior in 1994, the Queen Mother also put two-thirds of her money into a trust fund for her great-grandchildren.
William and Harry were set to share about £14 million from the investment, the BBC reported in 2002.
However, it was reported that the bulk of the cash went to Harry because William will “benefit financially” by becoming king.
William is first in line to the throne, while Harry is fifth in line.
He follows William’s children with Princess Kate: Prince George, Princess Charlotte, and Prince Louis.
The Duke and Duchess of Sussex stepped down as senior working royals in 2020, and have since relocated to California and live there with Prince Archie, six, and Princess Lilibet, four.
As well as using Prince Harry’s inherited money, they have since earned cash through their deal with Netflix, Harry’s Spare memoir, and Meghan has also launched her As Ever brand.
WILLIAM’S CASH
This comes as it has been revealed that Prince William received an annual private income of £22.9 million in the last financial year, which fell from £23.6million for the previous year.
Unlike his father, King Charles, he declined to reveal his tax bill.
It comes after questions on Duchy incomes, which pays for the Waleses’ role in the Royal Family, were raised on Channel 4’s Dispatches.
Wills pays the top rate of tax on his income from the estate. He promotes affordable housing through the Duchy.