Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Meghan and Harry: How much did Diana leave in inheritance for Harry?

Princes received full amount of money from mother’s estate when they turned 30

Graeme Massie
Los Angeles
Tuesday 09 March 2021 08:58 GMT
Comments
Prince Harry reveals he and Meghan were living off Diana inheritance
Leer en Español

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Prince Harry told Oprah Winfrey that after being cut off financially by the royal family he supported his new life in California with his inheritance from Princess Diana.

“I have what my mum left me and without that we wouldn’t have been able to do this,” he said of his and Meghan Markle’s move to the United States.

“It’s like she saw it coming and she’s been with us through this whole process.”

The revelation left many viewers wondering how much Harry’s mother had left him after her death at the age of 36.

Follow Meghan and Harry Oprah interview live: Latest news and updates

Diana left an estate of £21m, but more than £8m was paid in inheritance tax, leaving £12,966,022, according to the Press Association.

It was split equally between William and younger brother Harry, who were aged 15 and 12 when Diana died in a Paris car crash in 1997.

The money was invested by royal advisers, which saw its value rise to around £20m by the time her sons reached the age when they could access it.

Changes agreed to the will in December 1997 meant that, upon reaching 25, William and Harry were entitled to the whole of the income of their share.

But before the age of 25, income could be paid at the trustees’ discretion.

The estate trustees could pay capital to William and Harry at any time, but when they turned 30 they were able to ask for their full share of capital.

Diana’s estate consisted of stocks and shares, jewellery, her multi-million pound divorce settlement from Charles, and her clothing and personal items.

William and Harry’s great-grandmother, the Queen Mother, also reportedly left them around £14m to split between them.

Meghan reportedly entered her marriage with around $5m in earnings from her acting career and particularly her role in Suits.

Last September it was announced that the couple had signed a reported multi-million dollar deal with Netflix to produce exclusive content such as documentaries, docu-series, feature films, scripted shows and children’s programming.

And months later they also inked a deal with Spotify to create podcast content.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in