With an estimated net worth of £28 million, you'd be forgiven for thinking Prince Harry is keeping his cards – or debit card – close to his chest ahead of his royal wedding to Meghan Markle in May.
However, the Daily Mail reports the 33-year-old royal has decided not to sign prenuptial agreement with his bride-to-be.
The publication quotes a source who revealed: 'There was never any question in Harry's mind that he would sign a prenup. He's determined that his marriage will be a lasting one, so there's no need for him to sign anything.'
Contrary to the US, pre-nups aren't a common phenomenon in the UK, and aren't always enforceable by law.
Quality Solicitors explains that in the UK, 'prenuptial agreements are not always legally binding, but the courts need a good reason to not uphold them in the UK'.
The current status of the law is:
'The court should give effect to a nuptial agreement that is freely entered into by each party with a full appreciation of its implications unless in the circumstances prevailing it would not be fair to hold the parties to the agreement.'
Basically, a prenup doesn't carry the same weight as a Court order and will not 'automatically' be upheld or enforced.
According to The Daily Mail, Prince Harry inherited approximately £13 million in a trust from his late mother, Prince Diana, on his 30th birthday and gained access to an investment profit worth a whopping £323,000.
Meanwhile, Celebrity Net Worth calculates Markle's net worth at around £3.7 million following her acting career.
However, while Harry's gesture may seem romantic and unprecedented for the Royal Family, the Express reports that neither Prince William nor Prince Charles drew up pre-nups before their marriages.
As a source revealed to the publication: 'Even after Charles' horrific divorce with Diana, he chose not to take out a prenup. [Prince Harry] will be guided by family, despite advisors around him saying you should think about this.'
Besides, we highly doubt Harry is at risk of losing his fortune anytime soon, do you?
Katie O'Malley is the Site Director on ELLE UK. On a daily basis you’ll find Katie managing all digital workflow, editing site, video and newsletter content, liaising with commercial and sales teams on new partnerships and deals (eg Nike, Tiffany & Co., Cartier etc), implementing new digital strategies and compiling in-depth data traffic, SEO and ecomm reports. In addition to appearing on the radio and on TV, as well as interviewing everyone from Oprah Winfrey to Rishi Sunak PM, Katie enjoys writing about lifestyle, culture, wellness, fitness, fashion, and more.
