Prince Harry turns 25, gains access to income from his Princess Diana’s estate

By AP
Tuesday, September 15, 2009

Prince Harry turns 25, gains access to income

LONDON — Prince Harry has turned 25, making the eligible bachelor entitled to part of his inheritance from his mother, Princess Diana.

The prince, the younger son of Prince Charles and the late Diana, was spending his birthday by continuing his pilot training in the Royal Air Force on Monday.

Harry and his brother Prince William were left equal shares of their mother’s estate following her death in a car crash in Paris in 1997.

With inheritance tax deducted, the estate was valued at nearly 13 million pounds 12 years ago, but its present value has not been disclosed. In today’s currency markets, that would be worth nearly $22 million.

Under the will, the princes are entitled to all the income from their part of the estate when they are 25.

They gain access to the capital at age 30. William is 27.

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