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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
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(Newser) – 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.”

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.
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)
In this Aug. 19, 1995 file photo, Britain's Princess Diana, left, sits next to her younger son Prince Harry during V-J Day celebrations in London.
In this Aug. 19, 1995 file photo, Britain's Princess Diana, left, sits next to her younger son Prince Harry during V-J Day celebrations in London.   (AP Photo/Alastair Grant, file)
In this image made available by the Ministry of Defence in London, June 18, 2009, Prince Harry checks out the fin of a Squirrel helicopter, at the the Royal Air Force base at Shawbury, England.
In this image made available by the Ministry of Defence in London, June 18, 2009, Prince Harry checks out the fin of a Squirrel helicopter, at the the Royal Air Force base at Shawbury, England.   (AP Photo/Ian Foreshaw. Ministry of Defence, ho)
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COMMENTS
Showing 3 of 6 comments
Cher
Nov 23, 2009 11:26 AM CST
And can you imagine the gall and stupidity of those that compare Michell Obama to this beautiful, and wonderful LADY?
Mad
Sep 15, 2009 5:38 AM CDT
That's less then 5% return. Today's economy, that ain't bad, but he could get 6 or 7% with just a little investing
Yourself
Sep 15, 2009 3:22 AM CDT
it's partially cause he's got not much else to do. it keeps him busy. He's rather wealthy enough to begin with, this all is just icing on the cake.

 
Prince William • Princess Diana • Prince Harry • inheritance • Britain • British royals

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