Prince Harry, the Duke of Sussex, and his wife Meghan Markle have made headlines with their decision to step back as working members of the British royal family and pursue financial independence. Since then, they have signed a series of lucrative deals that have significantly contributed to their net worth. According to Celebrity Net Worth, Prince Harry and Meghan Markle have an estimated net worth of $60 million combined. Let’s take a closer look at how they have amassed their wealth.
Prince Harry recently released a tell-all memoir titled “Spare,” which sold over 3.2 million copies worldwide in its first week. The book is rumored to be part of a $20 million multi-book deal. Harry donated $1.5 million of the proceeds from the book to Sentebale, an organization he co-founded that supports children and young people affected by HIV in Lesotho and Botswana. Meghan Markle also released a children’s book called “The Bench,” for which she reportedly earned an advance of about $618,000.
In 2020, Prince Harry and Meghan Markle signed a $100 million deal with Netflix to produce a variety of content, including documentaries, docuseries, scripted shows, feature films, and children’s programming. Their documentary “Harry & Meghan” broke Netflix’s documentary record with 81.55 million global viewing hours in its debut week. They also executive produced a Netflix docuseries called “Live to Lead,” featuring interviews with world leaders.
The Duke and Duchess of Sussex signed a multi-year deal worth an estimated $25 million with Spotify in 2020. Through their production company, Archewell Audio, they create exclusive content for the platform. Their first podcast, “Markle’s Archetypes,” ranked number one on Spotify in the weeks following its release.
Prince Harry and Meghan Markle’s new home base is in Montecito, a neighborhood in Santa Barbara, California. They own a home worth $14.7 million in this star-studded area, which is also home to celebrities like Oprah Winfrey and Ellen DeGeneres.
Prince Harry’s Annual Allowances
Before stepping back from the royal family, Prince Harry received an annual allowance from his father, King Charles III, through the Duchy of Cornwall. This allowance, which he shared with Meghan, was £5 million or $6.9 million. Additionally, he received a 5% income from the Sovereign Grant, which is taxpayer-funded and covers official duties and expenses.
Inheritance from Princess Diana
Prince Harry inherited an estimated $10 million from his late mother, Princess Diana. This inheritance has played a significant role in supporting him and his family after they became financially independent from the royal family.
Inheritance from Queen Elizabeth II
It is unclear what Prince Harry inherited from Queen Elizabeth II. However, his older brother, Prince William, inherited the Duchy of Cornwall, a private estate worth around $1.2 billion.
Frequently Asked Questions (FAQs)
1. What is Prince Harry’s net worth?
Prince Harry has an estimated net worth of $60 million, according to Celebrity Net Worth.
2. How did Prince Harry and Meghan Markle make their money?
Prince Harry and Meghan Markle have made money through various ventures, including book deals, a Netflix partnership, a Spotify partnership, and other business ventures.
3. How much did Prince Harry inherit from Princess Diana?
Prince Harry inherited an estimated $10 million from his late mother, Princess Diana.
4. What is the value of Prince Harry and Meghan Markle’s Montecito mansion?
Their Montecito mansion is worth $14.7 million.
5. Did Prince Harry receive an annual allowance from the royal family?
Before stepping back from the royal family, Prince Harry received an annual allowance from his father, King Charles III, through the Duchy of Cornwall.