What did King Charles officially announce today regarding Prince Harry and Meghan, and what does it mean for their future as royals in the UK?
Harry and Meghan are not working Royals and they are not in the UK
They remain members of the Royal Family, but do not work in the family business.
The King’s sister and younger brother do, as do some cousins. But employees of The Firm or not, all are “Royals”.
Did Harry inherit more than William?
Yes and no. When the Queen mother died back in 2002 she left more money to Harry, knowing that William would eventually become Prince and inherit the Duchy of Cornwall, a private estate valued at over $1 billion.
Which is exactly what happened when Queen Elizabeth passed away in 2022. So overall, Willian inherited quite a bit more than Harry.
But this $1 billion estate is nothing compared to the $10 billion that King Charles received tax free, thanks to a clever investment by the Queen into one of the world’s most exclusive asset classes … fine art.
The Royal family has been investing a portion of their fortune into art for centuries …
But the Royals are far from the only billionaires who have invested a significant chunk of their fortunes in this emerging asset class.
Billionaires like David Geffen, Jeff Bezos, and Bill Gates are all avid art collectors.
The recently-named “richest man in the world,” Berard Arnault, who is the CEO of luxury-goods conglomerate LVMH, has an extensive collection of art.
Plus, there’s a long list of celebrities like Jay-Z, Oprah Winfrey, Steven Spielberg, Jack Nicholson, Madonna, and Ellen Degeneres who have invested millions into art.
The only problem is, regular investors have always been locked out of this asset class because it usually takes millions of dollars to purchase just one iconic piece.
Until now. Investing in art just got easier, thanks to a revolutionary new investment platform called Masterworks.
Masterworks provides a simple, secure way for anyone to invest in shares of paintings from famous artists like Picasso, Banksy and Basquiat.
Which is great, because contemporary art prices have outpaced the S&P 500 by 131% since 1995 … and real estate and gold by more than three to one over the same period.
Even better, art acts as a great hedge during periods of high inflation and market volatility.
Which is why Blackrock CEO, Larry Fink, who manages nearly $10 trillion in assets, recently called art “the new gold” because of its remarkable ability to “preserve wealth”
These are just a few reasons why billionaires like Larry Fink, Jeff Bezos, and Oprah Winfrey are pouring hundreds of millions into this asset class.
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