Prince William turns 40 with enhanced role in UK royal family


Paul Carey
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Prince William celebrates his 40th birthday on Tuesday.

It marks a significant milestone for the future king, who is rapidly stamping his authority on the British royal family by plotting a course between tradition and modernity.

This week, he spoke of his desire to end homelessness in the UK after taking to the streets of London to sell The Big Issue.

The Duke of Cambridge joined forces with the social enterprise, which offers a revenue stream to homeless people across the UK, to sell copies of the magazine in the capital before writing an article setting out why it is a cause so close to his heart.

“I was 11 when I first visited a homeless shelter with my mother, who in her own inimitable style was determined to shine a light on an overlooked, misunderstood problem,” he wrote.

"I refuse to believe that homelessness is an irrevocable fact of life. It is an issue that can be solved, but that requires a continued focus and comprehensive support network.”

The prince also shared a photograph on Father's Day of him laughing with his children during a family holiday in Jordan, yet another shift from the more formal images in which the royals are usually feature.

Prince William was pictured with his arms around Prince George, 8, and Princess Charlotte, 7, while Prince Louis, 4, sat on his shoulders.

The Duke of Cambridge also released new photos to mark his 40th birthday.

The pictures were taken earlier this month when he took to the streets of London to sell the Big Issue.

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Prince William sells the Big Issue - in pictures

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His wife Kate celebrated her 40th birthday in January and only Queen Elizabeth II is held in higher regard by the public than the close-knit couple, who are often held up as a model for the future of the monarchy.

According to pollsters YouGov, the prince is the most popular royal behind the queen, with a 66 per cent approval rating, followed by Kate on 60 per cent.

"It's a very important milestone for him because, with his father Prince Charles, he's stepping up to support the queen, and also to continue to create an identity as the future king," royal commentator Richard Fitzwilliams told AFP this week.

Prince William poses for a photograph with his children, released to mark Father's Day. AFP
Prince William poses for a photograph with his children, released to mark Father's Day. AFP

Such is Prince William's popularity that many want him to leapfrog his father and become king when his grandmother dies.

Since the 96-year-old sovereign began winding down her duties due to ill health and old age last year, second-in-line to the throne Prince William has been an increasingly influential figure.

The prince accompanied his father when the queen missed the State Opening of Parliament in May and he has also weighed in on important family decisions.

He was reportedly a prime mover in blocking the participation of Prince Andrew, his scandal-hit uncle, in the traditional Order of the Garter ceremony this month.

Britain's Prince Charles, Camilla, Duchess of Cornwall, and Prince William proceed behind the Imperial State Crown through the Royal Gallery for the State Opening of Parliament. Reuters
Britain's Prince Charles, Camilla, Duchess of Cornwall, and Prince William proceed behind the Imperial State Crown through the Royal Gallery for the State Opening of Parliament. Reuters

The Duke and Duchess of Cambridge are "the monarchy's future, that was underlined at the balcony appearance at the end of the jubilee" celebrations to mark the queen's record-breaking 70-year reign, Mr Fitzwilliams said.

The duke's time has been devoted to the family since giving up his role as a helicopter ambulance pilot in 2017.

Significantly, he is expected to move out of London's Kensington Palace and into a four-bedroom cottage, described as modest, on the grounds of the queen's Windsor Castle home west of London where she spends most of her time.

The move will allow him to be closer to the queen and strengthen his role in the family's inner sanctum, commentators say.

Camilla, Duchess of Cornwall, Prince Charles, Queen Elizabeth II, Prince George, Prince William, Princess Charlotte, Prince Louis, and Kate, Duchess of Cambridge appear on the balcony of Buckingham Palace during the platinum jubilee pageant. AP Photo
Camilla, Duchess of Cornwall, Prince Charles, Queen Elizabeth II, Prince George, Prince William, Princess Charlotte, Prince Louis, and Kate, Duchess of Cambridge appear on the balcony of Buckingham Palace during the platinum jubilee pageant. AP Photo

While he is becoming more committed to his royal duties, he is also determined to provide a normal life for his three children.

This is partly driven by his own childhood, which was marked by the trauma of his parents' public separation and divorce, and the death of his mother Princess Diana in a car accident in 1997 when he was only 15.

His mother's influence is evident in his more modern outlook, which led to him breaking with the traditions of royal fathers, getting his hands dirty with nappy changing and helping the older two children with homework.

The prince is also keen to carry on his mother's legacy of helping society's most vulnerable members, hence The Big Issue connection.

Prince William walks with his head bowed behind the coffin of his mother Princess Diana on its way to London's Westminster Abbey for her funeral ceremony in 1997. AP Photo
Prince William walks with his head bowed behind the coffin of his mother Princess Diana on its way to London's Westminster Abbey for her funeral ceremony in 1997. AP Photo

Prince William was "moulded" by the "traditional queen" during Sunday lunches at Windsor when he was studying at the elite Eton College nearby, said Marc Roche, author of several books on the British monarchy.

But "among William's assets, there is … perhaps due to the influence of his mother, a great sensitivity to diversity and the environment", Roche said.

The prince has revealed little about what goes on behind palace walls but defended the family after his brother Prince Harry and wife Meghan gave a shock interview on US television, in which they accused royals of being racist.

He vehemently denied the allegations and by all accounts, relations with his brother are strained.

But Prince William recognises the need to modernise the age-old institution to enable it to survive after Elizabeth II and fend off the forces of republicanism that are stronger among younger generations.

This need was emphasised during a recent tour of the Caribbean in March, which was criticised for being a throwback to colonial times.

"One of the things that William is particularly concerned with is the image of the monarchy and how it moves forward," Mr Fitzwilliams said.

TO A LAND UNKNOWN

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Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

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Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia on October 10

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TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

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Updated: June 21, 2022, 8:35 AM