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William gets part of Diana funds | William gets part of Diana funds |
(about 1 hour later) | |
Prince William has turned 25 and reached the age at which he is entitled to part of the inheritance left to him by his mother Princess Diana. | Prince William has turned 25 and reached the age at which he is entitled to part of the inheritance left to him by his mother Princess Diana. |
The prince can now access the interest and other investment income which is generated on his £6.5m share, estimated to be £250,000 to £300,000 a year. | The prince can now access the interest and other investment income which is generated on his £6.5m share, estimated to be £250,000 to £300,000 a year. |
But sources have said the future King will not, for now, touch the money. | But sources have said the future King will not, for now, touch the money. |
The milestone birthday also grants Prince William the right to marry without consent from the Queen. | The milestone birthday also grants Prince William the right to marry without consent from the Queen. |
When Princess Diana died a decade ago, she left an estate of £21m. | When Princess Diana died a decade ago, she left an estate of £21m. |
More than £8m was paid in inheritance tax, leaving £12,966,022, which was split equally between William and younger brother Prince Harry. | More than £8m was paid in inheritance tax, leaving £12,966,022, which was split equally between William and younger brother Prince Harry. |
Each £6.5m share is estimated to have grown to around £9m after investment. | Each £6.5m share is estimated to have grown to around £9m after investment. |
Birthday on duty | Birthday on duty |
The two princes each have to wait until they reach 30 before they can ask for the entire sum due to them. | |
Prince William already earns around £22,000 as a Cornet in the Blues and Royals and receives money from the Prince of Wales to pay for his accommodation, staff and polo playing. | Prince William already earns around £22,000 as a Cornet in the Blues and Royals and receives money from the Prince of Wales to pay for his accommodation, staff and polo playing. |
He is also believed to have access to funds left in trust for him by his great grandmother the Queen Mother. | He is also believed to have access to funds left in trust for him by his great grandmother the Queen Mother. |
But rather than spending his cash, the Prince William will spend his birthday training with the Army at Lulworth in Dorset. | But rather than spending his cash, the Prince William will spend his birthday training with the Army at Lulworth in Dorset. |
Although he is currently single - he recently had a high-profile split from Kate Middleton, who he met at university - the Prince is now entitled to wed without asking his grandmother's permission. | Although he is currently single - he recently had a high-profile split from Kate Middleton, who he met at university - the Prince is now entitled to wed without asking his grandmother's permission. |
Under the Royal Marriages Act (1772), a member of the Royal Family may, at the age of 25, signify to the Privy Council his or her intention to marry without the consent of the Sovereign. | Under the Royal Marriages Act (1772), a member of the Royal Family may, at the age of 25, signify to the Privy Council his or her intention to marry without the consent of the Sovereign. |
The marriage can then lawfully take place unless both Houses of Parliament disapprove. | The marriage can then lawfully take place unless both Houses of Parliament disapprove. |
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