When Queen Elizabeth, the Queen Mother, passed away in 2002, she left behind a very generous inheritance for her great-grandchildren.
In 2002 the BBC reported the Queen Mother placed about £14m ($24.27 million AUD) into a trust fund for the young princes, with a majority of going to Prince Harry.
And there’s a very sensible reason behind the decision.
As the next in line for the throne after Prince Charles, Prince William is privy to financial benefits that aren’t available to his younger brother.
Growing up with Prince William and Prince Harry – the pictures that show it all. Nawwwwww.
For example, after Prince Charles ascends the throne, he’ll also pass on the Duchy of Cornwall to his eldest son. The Duchy was set up by King Edward III in 1337 and works like a private estate which funds the public, charitable and private needs of the eldest son of the reigning British monarch.