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Prince William turns 30, plans to celebrate with friends and family

Prince William, Duke of Cambridge, attends the U.K. premiere of "African Cats" on April 25, 2012, in London. Getty

(CBS/AP) Prince William has turned the big 3-0, and instead of throwing a big bash, the prince has opted for a quiet celebration with family and friends amidst preparations for the Olympics.

According to palace officials, the Duke of Cambridge will mark the milestone in private with his wife, Kate, and perhaps some close friends.

Pictures: Prince William

On his birthday, William also stands to inherit an estimated 10 million pounds ($15.7 million) under the terms of the will of his late mother, Princess Diana.

The precise amount is not known because the current value of the trust set up by his mother has not been made public.

Palace officials decline to comment on William's private finances, and it is possible he may choose to leave the money in a trust. His brother, Prince Harry, stands to inherit a similar amount when he turns 30 in 2014.

In recent weeks, William and Kate have made a number of public appearances often representing his grandmother, Queen Elizabeth II, at events to mark her 60 years on the throne, a year-long celebration called the Diamond Jubilee.

There has been widespread speculation about the couple possibly starting a family. The talk has been fueled by William indicating that he would like to have children someday.

Along with Prince Harry, they are expected to play a prominent role as special ambassadors at the London Olympics.

William is second in line for the throne behind his father, Prince Charles.

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