Prince Harry's B-Day Gift: $10M

Princess Diana's estate can't be spent quite yet, but interest will boost his salary
By Evann Gastaldo,  Newser Staff
Posted Sep 15, 2009 8:13 AM CDT
Prince Harry's B-Day Gift: $10M
In this Sept. 16, 1984 file photo, Prince Charles and Princess Diana leave a London hospital with their son. Prince Harry turned 25 Sept. 15, 2009, becoming entitled to part of his inheritance.   (AP Photo)

Prince Harry’s 25th birthday today made him a millionaire, CNN reports. Princess Diana left a $35 million estate, which means about $21.6 million for Harry and William to share after inheritance taxes. Though the princes can’t spend it until they turn 30, Harry is now entitled to the income generated by his portion—estimated at about $500,000 a year.

“Will it affect his Army career? No. Will it augment his Army salary? Yes. Will he leave the Army? Of course not,” a royal commentator tells Sky News. “I doubt whether he'll touch the money because he manages quite well with his Army salary. What does he need to spend it on? Very little.” (More Prince Harry stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X