Prince Harry might belong to one of the oldest royal families on the planet, but that doesn’t mean his net worth isn’t as fluid as the rest of ours.
It’s true that Prince Harry and his older brother, Prince William, were afforded a lifestyle that many of us could not begin to comprehend. But money doesn’t equal taste, which is why the “Spare” Prince has often been mocked for his fashion choices.
Like the rest of us, Prince Harry’s net worth has fluctuated over the years, though the most obvious change was after hitching to Meghan Markle.
Another change came when Harry and his wife fled England and away from the weight of working royal life. Of course, needing money, they have since explored other ventures.
Let’s take a long hard look at Prince Harry’s life of luxury, and just how the dashing royal likes to spend his hard-earned money.
Prince Harry’s net worth was set up to succeed
Born to King Charles, when he was the Prince of Wales, and Princess Diana, Harry grew up in all shades of gold and silver.
Earning $29 million (£23 million) per year from the Duchy of Cornwall, a fund that gathers its finances through the renting and use of Royal properties, the then-Prince Charles was able to provide a certain level of life quality to his kids.
At the same time, Diana was also said to be worth an impressive $31 million (£25 million), Celebrity Net Worth reports.
He and Meghan lived off funds from his father
In 2017, just a year after meeting his future wife Meghan Markle, Prince Harry was said to have a net worth of $37.3m (£30m), with $16.1 million (£13m) of that coming from his late mother’s estate.
As reported by the BBC, the Sussex’ received “95% of their annual income” from King Charles, as the taxpayer-funded Sovereign Grant made up the other 5%.
His net-worth has since increased
After months of behind-the-scenes drama, Harry and Meghan stepped back as working royals in 2020. At the time, the British press speculated that the couple would struggle without royal funds backing them up.
During the infamous interview with Oprah Winfrey, Meghan confirmed that the couple had been cut off from royal finances. Struggling to maintain their lifestyle, Harry found solace in the $10 million he’d received from his late mother.
“I had to afford security for us,” Harry said in the CBS interview. “[I was cut off] in the first quarter of 2020. But I’ve got what my mom left me and without that, we would not have been able to do this.”
Harry and Meghan have explored several business ventures since leaving The Firm, including a $20 million deal with Spotify that some allege they only received a portion of.
The couple also signed a deal with their company Archewell Productions and Netflix that was said to be valued between $100 and $150 million. The New York Times further reported that Harry and Meghan are paid approximately $1 million from Harry Walker Agency speaking engagements.
In 2021, Harry shocked the world with his tell-all memoir Spare, which he allegedly received a $20 million advance for. Though it’s not immediately clear how much money he made from sales, numerous outlets report that $27 million was made from hardback alone.
In July 2024, Prince Harry and Meghan Markle are now worth a combined $60 million, with that number expected to grow as the latter launches her lifestyle brand, American Riviera Orchard.
The couple splashed out on their Montecito mansion
Despite growing up surrounded by Crown Jewels and lavish garden parties, Harry and Meghan seem to be very smart spenders. On one occasion, the former Suits actress even refused to buy an extortionate camera for her son, Archie.
Arguably, the couple’s biggest purchase was the $14.65 million mansion they bought in California after fleeing the United Kingdom. The home comes equipped with 16 bathrooms, a tennis court, a cinema room, and even a special area dedicated to their daughter.
Unfortunately, we don’t know what Prince Harry likes to spend his money on, as the Brit has stayed relatively tight-lipped about his finances. Despite that, numerous so-called “experts” have speculated that Harry and Meghan have a spending problem.
