January will mark three years since Prince Harry and Meghan Markle announced that they were stepping down as senior members of the royal family, claiming they want to be “financially independent.”
So, what is Prince Harry’s net worth? Keep reading for all the details on the duke’s monetary status.
1. What Is Prince Harry’s Net Worth?
Before he left London, the Duke of Sussex was worth somewhere between $25 and $40 million, according to Celebrity Net Worth. But now, he and his wife, Meghan Markle, have a combined net worth of $60 million.
2. Money Did Prince Harry Inherit?
In the ’90s, Queen Elizabeth (aka the Queen Mother) set up a trust fund for her great-grandchildren. At age 21, Prince William and Prince Harry split the first half of their portion, which totaled around £6 million (about $7.8 million). The Guardian reports that Harry took the majority of the inheritance to “compensate for not becoming sovereign.”
The brothers will split another dividend when Prince Harry turns 40. The second installment will be worth an estimated £8 million (about $10 million), though we highly doubt Prince William will be as generous next time around.
Princess Diana also left behind money for her two children. The royal set up a $10 million (after taxes) trust fund for Prince William and Prince Harry, who started receiving dividends at age 25. Forbes estimated the annual checks to be worth around $450,000.
3. Does He Have a Salary?
Prince Harry previously had a salary when he served in the army. According to Forbes, he earned between $50,000 and $53,000 for his work as a helicopter pilot. Since he technically has no bills, we wouldn’t be surprised if it all went to savings.
Prince Harry also used to receive an income just for being a member of the royal family. Five percent of his earnings came from the Sovereign Grant, which is a lump sum of taxpayer dollars that is given to the monarch on an annual basis.
The rest (95 percent) stemmed from the Duchy of Cornwall, which is a privately-run estate managed by Prince Harry’s dad, King Charles. Although we don’t know the exact number, we think it’s a generous amount, since the Sovereign Grant reportedly generated £49.3 million (about $64.3 million) in the 2018-2019 financial year.
4. Did He Make Money from Netflix’s Harry & Meghan?
While the exact numbers are unknown, Prince Harry and Markle likely received a hefty paycheck for their participation in Netflix’s Harry & Meghan. Whether it was part of their contract or a separate payment altogether, it was likely a large sum.
5. What Is Meghan Markle’s Net Worth?
Prior to marrying Prince Harry, Markle’s net worth was $5 million, according to Celebrity Net Worth. Her current value is unknown because her finances have merged with that of Prince Harry. Her income stems from her podcast, children’s book, and partnership with Netflix.