Even if she had desired to skip her eldest son, Charles, in favour of her grandson, William, she did not have the power to choose her successor on a whim.
According to a report by Cheat Sheet, King Charles could not just leave his royal position. However, if King Charles ever decided to abdicate, the monarch would need the British Parliament to pass an Act of Abdication to make his decision official.
Royal Inheritance
Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
"What do you want to be called?" William laughed it off and declined to comment. Like his father, if William chooses to use his first name he would be known as King William V. As previously stated by a hilarious young student, William the Conqueror was the first King William.
Kate Middleton's Title Will Be Queen Catherine When Prince William Becomes King.
Once Prince William becomes King, his wife Kate Middleton will take up the role of Queen Consort—and likely be known as either Queen Kate or Queen Catherine (depending on how fancy the vibes are).
While Kate inherited $110 million in jewelry from the Queen, that collection did not include the Spencer tiara, a diamond-encrusted crown inherited by William's late mother, Princess Diana, in the mid-1970s. Diana wore the tiara in her wedding to King Charles—then Prince Charles—in 1981.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
The Duke and Duchess of Sussex have lived in the US since stepping down as working royals, in 2020. Prince Harry and Meghan no longer receive money from the Royal Family and have a series of commercial arrangements with a number of companies.
Did Charles actually plan to overthrow the Queen? According to Major, he and Charles never had a discussion about overthrowing the Queen, as The Crown suggests. In fact, the former PM told the Mail on Sunday that the storyline is a "barrel load of malicious nonsense".
The queen had four children: Charles, Anne, Andrew and Edward. Although Anne is older than two of her brothers, she is farther down the line of succession because of an old law that allowed men to skip over women in the line.
Princes William and Harry were born into their duties and responsibilities as members of the Royal Family and it is easy to assume the brother fell into their roles. But, speaking in a new Channel Five documentary, a royal insider has revealed William yelled he 'didn't want to be king' in a fit of rage as a child.
That means that when they made the decision to step back from their roles as senior working royals, Harry and Meghan were left with a meager sum of $13 million (estimated by Forbes), largely made up of the inheritance from Harry's late mother's estate.
According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.
Under British royal protocol, both Lilibet and Archie Mountbatten-Windsor, the couple's 3-year-old son, are entitled to the titles of princess and prince as grandchildren of the sitting U.K. monarch.
The net worth of the British royal family is estimated at $28 billion (£21.3 billion), according to Forbes. Queen Elizabeth II had a separate personal fortune of $500 million (£380.7 million), inherited by her son King Charles, according to Forbes.
Royal author Duncan Larcombe told Town and Country magazine: "The title of Princess Royal is traditionally bestowed on the eldest daughter of the monarch. "It is a title that remains for life, so Princess Charlotte will have to wait at least until the death of the current Princess Royal."
Not only does Prince William have more money than his brother, Prince Harry, for reasons that would cause any family to feud, but he's about to get even richer, too. Here's a breakdown of Prince William's net worth, and how his royal finances work.
After the princess' death, most of her personal jewelry was inherited by her two sons Princes William and Harry, with pieces loaned to her during her lifetime being returned to Queen Elizabeth II, where they are most likely to have been inherited by King Charles in 2022.
Queen Elizabeth famously gifted various stunning pieces to Princess Kate, Queen Consort Camilla, Sophie, Countess of Wessex, the late Princess Diana, and at least one piece to Duchess Meghan.
Perhaps the most famous piece of jewelry Kate inherited from Princess Diana is this sapphire engagement ring. The ring was created by British jeweler Garrard and chosen by Prince Charles for his proposal to Diana in 1981.
Her new title, in these circumstances, would be Queen Dowager – the title of status generally held by the widow of a king.
Despite speculation, she will not retain the Queen Camilla title in the event of Charles' death. If she is alive to see Prince William succeed his father to become the ruling monarch, she will become Queen Dowager, as the widow of the departed King.
As the second child of King Charles III and the late Princess Diana, Prince Harry is fifth in line for the throne after his brother, nephews and niece. His wife, Meghan Markle, is not in line for the throne - much like the Duchess of Cambridge - but their two children are.
Prince Harry and Meghan Markle have an estimated net worth of $60 million, according to Celebrity Net Worth. The couple has signed a series of lucrative deals including documentaries, books, podcasts and more, worth an estimated total of $135 million, according to Forbes.