Prince Harry, formally known as the Duke of Sussex, is a member of the British royal family and the second son of Prince Charles and the late Princess Diana.
With his recent departure from the royal family and relocation to California with his wife, Meghan Markle, Prince Harry’s net worth has been a hot topic of discussion.
As of May 2023, Prince Harry has a net worth of $60 million. In this article, we will take a comprehensive look at Prince Harry’s net worth, including his inheritance, income, charitable contributions, personal life, and future prospects.
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Born on September 15, 1984, Prince Harry’s full name is Henry Charles Albert David. He was born in St Mary’s Hospital, London, and is the younger son of Prince Charles, the heir apparent to the British throne, and the late Princess Diana.
Prince Harry was christened on December 21, 1984, in St George’s Chapel at Windsor Castle. As a child, Prince Harry attended various prestigious schools, including Ludgrove School and Eton College.
He loved sports, particularly polo, and also showed an interest in charity work from a young age. After finishing school, Prince Harry took a gap year, during which he traveled to various countries, including Australia and Lesotho, where he worked on a conservation project.
He later attended the Royal Military Academy Sandhurst, where he trained to become an officer in the British Army.
Prince Harry served in the British Army for ten years, during which he was deployed twice to Afghanistan. He also took part in various charity projects, including the Walking With The Wounded expedition to the South Pole in 2013.
Prince Harry and Meghan Markle
In 2016, Prince Harry met American actress Meghan Markle on a blind date arranged by a mutual friend. The couple began dating and kept their relationship private for several months before going public in November 2016.
Meghan Markle, known for her role on the popular television series “Suits,” had been married previously, and her biracial background was the subject of scrutiny and racist attacks from some members of the British media and public.
Despite the challenges, Prince Harry and Meghan Markle continued to pursue their relationship, and in November 2017, the couple announced their engagement.
Prince Harry and Meghan Markle were married on May 19, 2018, at St. George’s Chapel at Windsor Castle. The wedding was attended by members of the royal family, celebrities, and other high-profile guests.
The couple’s wedding was seen as a modernization of the British monarchy, with Meghan Markle bringing a fresh perspective and diversity to the royal family.
Inheritance and Royal Family Income
As a member of the British royal family, Prince Harry has access to a considerable amount of wealth. The majority of the royal family’s income comes from the Sovereign Grant, which is funded by British taxpayers and amounts to approximately £86 million per year.
This grant is used to cover the expenses of the royal family, including travel, staff, and official engagements.
Prince Harry also received a significant inheritance from his mother, Princess Diana, who tragically passed away in 1997. The inheritance amounted to around £10 million and was split between Prince Harry and his older brother, Prince William.
In addition to his inheritance, Prince Harry also receives income from the Duchy of Cornwall, a portfolio of land and property owned by his father, Prince Charles ii.
The Duchy of Cornwall is a private estate that generates an annual income of around £20 million, which is used to fund the public and private activities of the Prince of Wales and his family.
In January 2020, Prince Harry and Meghan Markle announced their decision to step back as senior members of the British royal family and pursue financial independence.
Post-Royal Family Income
The couple’s move to California, where they have signed deals with Netflix and Spotify, has been a significant source of income for the couple.
One of Harry’s most significant deals is their partnership with Netflix, which is reportedly worth $100 million.
The couple’s production company, Archewell Productions, will create documentaries, feature films, scripted shows, and children’s programming for the streaming platform.
They have also signed a deal with Spotify, where they will produce and host podcasts under the Archewell Audio banner.
In July 2021, Harry arranged a publishing deal with Penguin Random House. He released his first book “Spare,” which is a memoir ghostwritten by Pulitzer Prize-winning novelist J.R Moehringer.
The memoir is a landmark publication that offers insight and hard-won wisdom into his experiences as a member of the British royal family. It also has other parts of his personal life, including his relationships with the family and his grief over the loss of his mother.
This book is part of a four-book contract which will also include works from both himself and Meghan Markle.
The book stirred massive interest and was published in 16 languages.
On the day of its release, it became the fastest-selling nonfiction book in the UK, with 400,000 confirmed sales.
It was reported that Prince Harry received an advance of $20 million for the book!
With this sum, he pledged to donate nearly $2 million of the proceeds to Sentebale and around £300,000 to WellChild charity to support ill children across Britain and Africa.
Prince Harry has always been involved in charitable work, and he has used his net worth to contribute to various causes. One of his most significant contributions has been through his charity, Sentebale, which he founded in 2006 with Prince Seeiso of Lesotho.
The charity aims to help children affected by HIV in Lesotho, Botswana, and Malawi.
Prince Harry also founded the Invictus Games in 2014, a multi-sport event for wounded, injured, or sick armed service members and veterans.
The games have been held in various locations around the world and have received significant support from the royal family and the public.
In addition to his charitable work, Prince Harry has announced that he will be releasing a memoir in late 2022, with proceeds going to charity.
The memoir promises to be an “accurate and wholly truthful” account of his life, with a focus on his experiences in the royal family and his life as a husband and father.
Since leaving the royal family, Prince Harry and Meghan Markle have made a new life for themselves in California, where they have settled in the upscale town of Montecito. They welcomed their first child, son Archie, in May 2019 and their daughter, Lilibet, in June 2021.
Prince Harry has also been involved in various projects after his departure. In May 2021, he released his first children’s book, titled “The Bench,” which tells the story of a father and son from the perspective of the mother.
The book was inspired by a poem he wrote for Meghan Markle on her first Mother’s Day and has received mixed reviews.
Prince Harry has also been involved in the production of a documentary series with Oprah Winfrey, which explores mental health issues and features personal stories from people around the world.
The series, titled “The Me You Can’t See,” premiered on Apple TV in May 2021.
In addition to his projects, Prince Harry has been a vocal advocate for mental health awareness and has been open about his own struggles with grief and mental health.
He has also been an advocate for veterans and has worked to raise awareness of the challenges they face when returning to civilian life.
Prince Harry Net Worth 2023
As of May 2023, Prince Harry has a net worth of $60 million. This includes his inheritance, income from the Duchy of Cornwall, and earnings from business deals with Netflix and Spotify, as well as his book advance for his upcoming memoir.
He has also been involved in various charitable and personal projects since leaving the royal family, which has likely increased his net worth.
Prince Harry is expected to continue earning income through various business deals, new projects, and charitable work in the future. His net worth is likely to grow over time.
Frequently Asked Questions (FAQs)
Did Charles evict Harry and Meghan?
It appears that King Charles has taken action against Prince Harry and Meghan Markle following the release of their explosive interview.
The couple has reportedly been asked to vacate their Windsor property, Frogmore Cottage, which was gifted to them by the Queen.
However, there is no evidence to suggest that Prince Charles himself is responsible for the decision.
Where are Harry and Meghan now?
Prince Harry and Meghan Markle currently reside in California, where they have been living full-time since early 2020.
Why were Harry and Meghan asked to leave Frogmore Cottage?
After two years of residing in Frogmore Cottage, Prince Harry and Meghan Markle were asked to vacate the property as they now live full-time in California.
The couple had previously struck an agreement with the royal family to rent the property for several years following their decision to step back as senior members of the British royal family.
Do Harry and Meghan own Frogmore Cottage?
Frogmore Cottage was gifted to Prince Harry and Meghan Markle by the Queen as a wedding present, but they do not own the property.
The couple later struck an agreement with the royal family to rent the property for several years after repaying the cost of the property’s renovation.
Do Harry and Meghan still have a home in the UK?
While Prince Harry and Meghan Markle no longer have an official residence in the UK, they do reportedly still rent Frogmore Cottage for use as a British base whenever needed.
The property was previously used as their official residence while they were working members of the royal family and was renovated using state funds, which they later repaid.
They have celebrated important milestones, such as their daughter Lilibet’s first birthday, at the property. However, they now primarily reside in California.