British princes planning lavish fundraiser

LONDON, March 23 (UPI) -- British Princes Harry and William are planning a fundraiser for their country's elite to raise money for British soldiers injured overseas.

The Mail on Sunday reported the two princes have invited the richest people in Britain to the May 7 Help for Heroes fundraising campaign.

The charity is raising nearly $14 million to renovate the Military Rehabilitation Center in the county of Surrey. British soldiers injured in Iraq and Afghanistan are among the troops who use the facility.

A source close to the royal pair told the Mail that helping injured soldiers has become a personal goal for both men, particularly since Harry returned from Afghanistan this year.

"The cause -- helping injured soldiers -- is of huge importance to both of them, in particular Harry who has now seen first-hand what goes on in Afghanistan," the unidentified source said.

The event reportedly will take place in London but its exact location has yet to be revealed to the public.