Prince Harry and his wife, Meghan Markle, aim to become financially independent after stepping down as working senior royals in 2020. From there, they earn mostly from their Netflix, Spotify, and book deals. After his father, King Charles III, cut him off financially following the infamous Megxit, how much riches did the Duke of Sussex still have?
Also, where does Prince Harry get his money? By the looks of it, Meghan’s husband remains affluent until today.
Prince Harry’s Inheritance
Forbes reported that the late Princess Diana left his two kids $10 million, and they started receiving annual dividends of $450,000 when they reached 25.
He also received a trust fund from his great-grandma, the Queen Mother, after the latter placed two-thirds of her money, which was about £19 million, in it for her great-grandkids, including the feuding royal brothers.
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According to The Guardian, they split about £6 million of this trust at 21, and Prince Harry took a majority of it as the Queen Mother believed Prince William would financially benefit from his role as the future king.
There are also reports that the two princes would split another £8 million of the Queen Mother’s trust fund when they hit 40, though it remains to be seen if this will still happen after everything that has occurred.
Prince Harry, Meghan Markle’s Deals
Prince Harry and Meghan’s source of income today is reportedly from their huge Netflix deal in 2020. Us Weekly claimed the couple signed an agreement with the streaming giant worth $100 million.
The New York Times also claimed that Prince Harry signed a deal with Harry Walker Agency in the same year for speaking engagements, and each speaker’s fee is estimated at $1 million.
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In addition, his book deal with Penguin Random House for his recently-released controversial memoir, Spare, gave him an advance payment of $20 million.
The Money Prince Harry, Meghan Markle Lost After Megxit
When Prince Harry and Meghan were still working as senior royals, they received 95% of their annual income from the then-Prince Charles.
The now-King’s Duchy of Cornwall estate paid more than £5 million to cover the public duties and some private expenses of the Sussexes and Cambridges in the 2018-2019 financial year.
The other five percent came from the taxpayer-funded Sovereign Grant.
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Prince Charles then gave them a “substantial sum” to support their transition to being financially independent, receiving £4.5 million between April and June 2020, along with Prince William and Kate.
However, a spokesman revealed the funding then stopped.
But with all these to Prince Harry’s name, he’s still worth $60 million.
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