Prince Harry is “doing well financially,” Lady Victoria Hervey has claimed as she dismissed concerns about the duke’s finances.
The comments come after Harry turned 40, triggering access to the substantial inheritance left by his great-grandmother.
Aristocrat Lady Victoria Hervey said: “He got an extra chunk of money for his birthday.
“So we don’t know how he’s deciding to spend that. I’m sure that will come in very handy for what they [him and Meghan Markle] want to do next.”
Prince Harry reportedly inherited £8 million
Reuters
GB News host Nana Akua said: “He’s going to need a lot more than £8 million in Montecito. I imagine just running that house with all the staff and everything is a lot of money every year.
Lady Hervey said: “But look, he’s making it he’s got so many different deals that he’s on. He’s obviously doing pretty well.”
LATEST DEVELOPMENTS
The inheritance stems from a trust fund established by the Queen Mother in 1994.
She reportedly allocated two-thirds of her fortune, estimated at £19 million, for her great-grandchildren.
The distribution plan included two payments: one at age 21 and another at 40.
William and Harry received £6 million between them at 21, with a further £8 million to be distributed upon turning 40.
Lady Victoria Hervey blasted concerns about his finances
GBNA
A former Palace aide told The Times: “It was a way in which the Queen Mother could set aside money for when her great-grandchildren were older and a way of passing a slice of her estate down in a tax-efficient way.
Since stepping down as senior royals in 2020, Harry and Meghan have been funding their California lifestyle through various projects and media deals.
In an infamous 2021 interview with Oprah, Harry claimed his family had “literally cut me off financially”.
However, royal expenditure reports revealed that the then Prince Charles provided both William and Harry’s families with £4.5 million in the fiscal year beginning April 2020.
Harry and Meghan left the UK in 2020, and moved to California.
Reuters
Harry and Meghan left the UK in 2020, and moved to California.
The couple’s estimated net worth stands at £47 million, gain through high-profile projects undertaken since relocating to the US.
These include deals with Netflix and Spotify, as well as the publication of Harry’s memoir, Spare.