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.
This 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,” Bernard 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.
See important disclosures: Masterworks
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