Everything Kate Middleton Inherited from Princess Diana
When Britain’s beloved Princess Diana died in 1997, she left behind a grieving family and country, as well as a fortune worth millions. The late royal was worth an estimated $31.5 million at the time of her death.
In addition to stocks, cash, and other investments, she also owned millions of dollars worth of clothing and jewelry. Her will left much of her wealth in trust to her sons, Princes William and Harry, with smaller bequests to close friends and family. Controversially, her executors didn’t follow the instructions she left behind to the letter, including stripping her 17 godchildren of most of their inheritance.
Diana’s engagement ring
Obviously, Kate Middleton didn’t receive any direct inheritance following Diana’s fatal accident. She was just a regular teenage girl at the time, not the daughter-in-law of a princess. But that doesn’t mean that Kate hasn’t received some items that once belonged to Diana since she joined the royal family.
Most famously, Kate sports Diana’s engagement ring. William presented the 12-carat sapphire stunner to her when he proposed. Prince Charles originally bought the ring for $37,000 in 1981. Today, it’s worth an estimated $500,000.
Seeing her ring on Kate’s finger likely would have made Diana very happy, as she specifically left her jewels to her sons so that they could eventually pass them on to their wives. In a letter of wishes, she wrote:
I would like you to allocate all my jewellery to the share to be held by my sons, so that their wives may, in due course, have it or use it. I leave the exact division of the jewellery to your discretion.
Kate also received some of Diana’s other jewelry
In addition to her engagement ring, Kate received several other pieces of priceless jewelry from her late mother-in-law. They include the famous Lover’s Knot tiara, which Princess Diana received from Queen Elizabeth as a wedding present, and a pair of sapphire earrings, noted Good Housekeeping. She’s also been seen wearing a pearl bracelet that belonged to the Princess of Wales.
Now that Harry has married Meghan Markle, royal watchers speculate we’ll see even more jewels from the royal vault. It’s possible the princes wanted to wait until both were married before splitting up the pieces between their wives, jewelry expert Ella Kay told Good Housekeeping. That includes the striking sapphire choker Diana wore with her famous “revenge dress” in 1994.
After Diana’s death, a Discretionary Fund was established for the benefit of Prince William, Prince Harry, and their future spouses and descendants, as well as various charities, according to The Balance. As William’s spouse, Kate would benefit from the income from this fund. In addition, the princes also received millions outright when they turned 30 as part of the Residuary Estate. Their wives presumably benefit from that inheritance as well. Neither couple had a prenup.
Kate will inherit Diana’s title
While the jewelry Kate’s received is stunning, she’s yet to claim her biggest inheritance from Diana: her title.
When Queen Elizabeth II dies, Prince Charles will become king. He’ll give up his current title, Prince of Wales, which will pass to his eldest son, Prince William. And William’s wife Kate will become Princess of Wales.
Currently, Camilla Parker Bowles is the Princess of Wales, but she decided against using the title when she married Charles. Instead, she opted to be known as the Duchess of Cornwall.
Camilla didn’t want to use the title because it was so closely associated with Diana. But by the time Charles becomes king, people may be ready for another Princess of Wales.
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