Prince Harry and Meghan Markle cut all ‘financial’ ties with the Royal Family in 2020 when they stepped down as ‘senior royals.’ In a January 2020 statement released by the couple, they insisted that they wanted to ‘work to become financially independent.’
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In September 2020, Kensington Palace also shared that the two would no longer receive any ‘public funds for royal duties.’ Ever since the former working royals left the UK, they have tried to build their own career through different ways.
Prince Harry’s net worth
The calculation of Prince Harry’s net worth isn’t as simple as it looks. His net worth is a collective amount of all that he inherits from his Royal Lineage and what he does individually. For instance, Princess Diana reportedly left both Prince William and Prince Harry $10 million after taxes. They started receiving the funds at the age of 25 and get $450,000 a year.
In his interview on Oprah With Meghan and Harry: A CBS Primetime Special in March 2021, Harry shared that he uses his Trust from his mother to support his family after his father cut him off financially.
Prince Harry’s inheritance from other Royals
According to Cosmopolitan, the late Queen Elizabeth’s mom placed two-thirds of her money (£19 million) into a trust fund for Prince William and Prince Harry. Reportedly, the brothers took £6M of this trust at age 21 and the Duke took most of the money ‘to compensate for not becoming sovereign.’
After Prince Harry’s separation from the Royal Family, it is uncertain if he still has access to all the Royal funds he inherited from his family. Some profit from the Duchy of Cornwall - roughly around $8.9 million - went to Prince Harry and William in 2018. So it’s not known yet if he still receives that money from his father. Amidst all of this, Prince Harry’s net worth is estimated to be £48 million as of 2024.
Meghan Markle’s net worth
Even before marrying into the British Royal Family, Meghan Markle was famous in her own right. She was already a millionaire before marrying Prince Harry thanks to her work as an actress and various endorsement deals. According to Parade.com, Meghan’s solid acting career and other business endeavours gave her an estimated net worth of $5 million (around £4 million) before she merged her finances with Prince Harry. The Duchess - who recently launched her own lifestyle brand - starred in more than 100 episodes of US legal drama Suits and got $50,000 per episode.
It is understood that her net worth from acting alone was estimated at around $2 million. The Duchess most likely still gets royalties from her hit US series Suits. Moreover, during her Deal or No Deal days, Meghan made $800 per episode and appeared in more than 30 episodes of the series.
Additionally, she made $360,000 from her roles in the 2010 moviesRemember Me and The Candidate. Her lifestyle blog The Tig which she famously discontinued made her $80,000 annually. When Meghan was still new to the Royal Family, her total net worth was somewhere in the $7 million range, confirms Cosmopolitan. Two million more than what Parade.com estimated.
Finalle, it is believed that her 2021 book The Bench, likely got her $700,000 advance.
What is Meghan Markle and Prince Harry’s net worth combined?
Meanwhile, Meghan and Prince Harry’s combined net worth is understood to be $60 million (£48m) as of 2024. Despite stepping down from their roles as senior Royals, the couple is doing well for themselves in the States.
Since moving from England, the couple have secured several lucrative deals. In 2020, the same year they announced their royal departure, the couple signed a deal with Netflix which was reportedly worth around $100 million (£80m), although it is not known how much of it the couple has taken home.
Archetypes, Spare and more
Prince Harry and Meghan Markle have taken up many independent projects since leaving the royals. As stated above, their Netflix deal was rumoured to be £80 million, even though the details of that deal are unknown. Despite cutting their Spotify deal in 2023, it is understood that the Sussexes got ‘majorly compensated’ from the work they did on Archetypes - their podcast.
Moreover, Prince Harry and Meghan signed a deal with the Harry Walker Agency in June 2020 for speaking engagements, with fees estimated at $1 million per speech. The topic for Harry’s speeches included mental health and grieving.
In 2020, Harry and Meghan also launched their company Archewell Productions. Finally, it is reported that the Sussexes have a four-book deal with Penguin Random House and they received $20 million before the release of Prince Harry’s Spare.
Prince Harry and Meghan’s wealth compared to their famous friends
Since moving to the States, the Sussexes has made many A-listers friends. While impressive as a standalone from the Royal Family, their net worth, when compared to their celebrity friends, isn’t as huge as it may seem.
According to The Express, the couple’s net worth is peanuts compared to Oprah Winfrey’s $2.8 billion. Meanwhile, James Corden’s stands at around £50 million, Tyler Perry’s stands at $1.4 billion and Ellen DeGeneres stands at $380 million.
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Sources:
Stylecaster: Prince Harry’s Net Worth Reveals How Much He & Meghan Made From Netflix
Cosmopolitan: Bet You’re Pretty Curious About Prince Harry’s Net Worth, Huh?
Parade: Meghan Markle's Net Worth In 2024 Revealed—Including Her Netflix and Spotify Deals
Marca: Meghan Markle vs Queen Consort Camilla net worth: What's the difference between the fortunes of both?
Cosmopolitan: Meghan Markle’s Net Worth Has Grown *Tremendously*
The Express: Prince Harry and Meghan Markle’s net worth compared to their famous Hollywood friends
