Prince Harry, the Duke of Sussex, has been a high-profile figure globally, not just for his royal lineage but also for his life outside the British monarchy. With his marriage to Meghan Markle and their subsequent departure from royal duties, the public’s interest in Prince Harry’s finances has grown.
This article dives into Prince Harry’s net worth, exploring where his wealth comes from, how he sustains it, and what changes have occurred since he stepped away from the monarchy.
Introduction to Prince Harry’s Financial Journey
Prince Harry, born into the British royal family, enjoyed privileges from birth that afforded him significant financial resources and public support. However, in early 2020, his decision to step back from royal duties marked a major shift in his financial situation. Unlike most royals who remain supported by the monarchy’s wealth, Harry and Meghan chose to pursue their independence, relying on a combination of inheritance, private deals, and other ventures. This choice led to an overhaul of his income sources, sparking questions about his net worth and future financial security.
Prince Harry’s Net Worth: Estimations and Sources of Wealth
As of 2023, Prince Harry’s net worth is estimated to be between $60 million to $70 million. This wealth comes from a blend of royal inheritance, business ventures, and commercial deals. Here’s a breakdown of the main sources contributing to his wealth.
1. Inheritance from Princess Diana
One of Prince Harry’s main sources of wealth is the inheritance he received from his late mother, Princess Diana. Upon her tragic death in 1997, both Prince Harry and his brother, Prince William, were set to receive an inheritance, which included financial assets, investments, and jewellery. Each son reportedly received around $10 million upon turning 30, making this a significant part of Harry’s financial base. Diana’s estate and trusts not only provided him with initial wealth but also ensured financial security outside of the royal institution.
2. Trust Funds from the Queen Mother
In addition to Princess Diana’s inheritance, Harry also received funds from the Queen Mother. Known for her generosity toward her grandchildren, the Queen Mother left substantial inheritances for Prince Harry and Prince William. Reports indicate that Harry received a larger portion of her estate than William, a gesture to balance William’s future financial benefits as an heir to the throne. This trust fund is estimated to have added millions to Harry’s net worth.
3. Deals with Netflix and Spotify
A significant boost to Prince Harry’s wealth came from high-profile media deals after his departure from royal duties. In 2020, Harry and Meghan signed a multimillion-dollar deal with Netflix, valued at around $100 million for a multi-year partnership. The agreement aimed to produce documentaries, docuseries, and children’s programming. Additionally, the couple signed a deal with Spotify, reportedly worth around $25 million, to produce exclusive podcasts for the platform. These deals provide Harry and Meghan with a substantial income independent of the monarchy.
4. Public Speaking and Book Deals
Prince Harry has also ventured into public speaking, with reports indicating that he charges approximately $1 million per appearance for corporate and motivational speaking events. Further contributing to his income was the release of his memoir, Spare, in 2023. The book not only garnered international attention but was also a best-seller, bringing in millions in royalties and an estimated $20 million advance from his publisher, Penguin Random House.
5. Investments and Business Ventures
In recent years, Harry has shown an interest in entrepreneurship, co-founding the mental health-focused media company Archewell Productions with Meghan. He is also part of BetterUp, a Silicon Valley-based mental health and coaching firm, where he serves as Chief Impact Officer. These ventures not only reflect his personal interests but are also lucrative avenues that align with his brand and values.
The Impact of “Megxit” on Prince Harry’s Finances
Stepping away from royal duties, commonly known as “Megxit,” led Harry and Meghan to forgo the Sovereign Grant, a fund that traditionally covers expenses for royal family members. This financial independence forced the couple to cover their own expenses, including security costs, which had previously been funded by British taxpayers. Though initially a financial challenge, Harry’s strategic partnerships and business ventures have mitigated this loss, allowing him to maintain a robust income.
Conclusion: Prince Harry’s Financial Independence and Future
Prince Harry’s net worth reflects a blend of traditional inheritance and modern business acumen. His decision to step back from royal duties introduced financial uncertainties, but his entrepreneurial moves have effectively compensated for them. With high-profile media partnerships, book royalties, and investments in companies aligned with his passions, Harry has built a stable financial foundation for his family outside the monarchy.
As Prince Harry and Meghan Markle continue to grow their brand and pursue meaningful projects, their financial portfolio is likely to expand, providing them with sustained independence and security in their post-royal lives.
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