Prince Harry, the Duke of Sussex, has long been one of the most talked-about members of the British royal family. His life, marked by both privilege and intense public scrutiny, took a drastic turn in 2020 when he and his wife, Meghan Markle, decided to step down from their roles as senior members of the royal family. This decision, often referred to as “Megxit,” has significantly impacted their financial independence, public roles, and lifestyle.
One of the most pressing questions people have asked since their departure from royal duties is: What is Prince Harry’s net worth? Given the changes in his income streams, inheritance, and new ventures, Prince Harry’s financial situation has become a topic of global interest. In this article, we’ll explore the various sources of Prince Harry’s net worth, how his wealth has evolved over time, and what the future might hold for the Duke of Sussex and his family.
Biography Table: Prince Harry
| Full Name | Henry Charles Albert David Windsor |
|---|---|
| Title | Duke of Sussex |
| Date of Birth | September 15, 1984 |
| Place of Birth | London, England |
| Occupation | Philanthropist, Public Speaker, Media Producer |
| Spouse | Meghan Markle (m. 2018) |
| Children | Archie Harrison Mountbatten-Windsor, Lilibet Diana Mountbatten-Windsor |
| Net Worth (2024) | Estimated $60 million – $70 million |
| Sources of Income | Inheritance, Media Deals, Speaking Engagements, Investments |
A Royal Start: Inheritance and Early Wealth
As a member of the British royal family, Prince Harry was born into immense wealth. His early years were shaped by the privileges and responsibilities of royalty. However, unlike other wealthy individuals, much of Harry’s early fortune wasn’t in cash but tied to royal estates, trust funds, and public funding allocated to working members of the royal family.
The majority of Prince Harry’s net worth in his early life came from two key sources:
- Inheritance from Princess Diana: Upon her tragic death in 1997, Harry and his brother, Prince William, inherited a large portion of their mother’s estate. It is reported that Diana left around £13 million to her sons, which, after investments and interest, grew significantly over the years. By the time Prince Harry reached 30 years old and could access his inheritance, this sum was worth an estimated £10 million (approximately $13.5 million).
- The Duchy of Cornwall: Prince Harry also benefited from funds provided by his father, King Charles III, through the Duchy of Cornwall. This estate, founded in 1337, provides income to the heir to the throne. While much of this income supported Harry and William’s public duties and living expenses, it contributed significantly to their standard of living during their time as working royals.
As a working member of the royal family, Harry did not earn a salary but had his living expenses covered, including security, staff, and other costs associated with his royal duties. This changed when he and Meghan Markle stepped away from the monarchy.
Megxit and Financial Independence
In January 2020, Prince Harry and Meghan Markle announced their decision to step back from royal duties. This move meant that they would no longer receive public funds from the Sovereign Grant, which had previously covered a portion of their costs as senior royals. This significant step came with financial implications as they sought to become financially independent.
At the time of their departure, one of the pressing questions was how the couple would support themselves and maintain their high-profile lifestyle. Prince Harry’s net worth immediately became a central topic of conversation, as he and Meghan had to find new income sources after the loss of royal funding.
Their move to California marked a new chapter. While the couple initially faced criticism for their decision, they quickly began establishing themselves outside of royal life. One of the first significant steps they took was purchasing a mansion in Montecito, California, reportedly worth $14.7 million. This move symbolized their desire for financial independence, but it also raised questions about how they could afford such a luxurious property.
New Ventures: Media Deals and Business Endeavors
To build their fortune, Prince Harry and Meghan Markle turned to media deals and partnerships that have brought substantial income. Prince Harry’s net worth has been bolstered by several high-profile contracts:
- Netflix Deal: In September 2020, the couple signed a multi-year deal with Netflix. The deal, reportedly worth around $100 million, allows them to produce documentaries, films, scripted series, and children’s programming. One of the most notable projects under this deal is the documentary series Harry & Meghan, which offered an unprecedented look into their lives post-Megxit. This partnership with Netflix represents a major revenue stream for the couple and is a critical part of Prince Harry’s net worth.
- Spotify Deal: Another lucrative venture came in the form of a podcast deal with Spotify, valued at an estimated $25 million. Through their production company, Archewell Audio, Harry and Meghan aim to create content that “uplifts and entertains audiences around the world.” Meghan Markle’s podcast series Archetypes was a direct result of this collaboration, helping them establish their presence in the growing world of digital media.
- Public Speaking and Book Deals: Prince Harry’s net worth has also grown through paid public speaking engagements. The couple has joined the Harry Walker Agency, which represents high-profile speakers like Barack and Michelle Obama. It is reported that Harry and Meghan earn between $1 million to $1.5 million per speaking event.Additionally, Prince Harry published his much-anticipated memoir, Spare, in January 2023. The book provides personal insights into his life, family, and the challenges he has faced, including his decision to step back from royal duties. The memoir deal is rumored to be worth as much as $20 million, contributing significantly to his financial independence.
Personal Investments and Real Estate
Beyond media and entertainment deals, Prince Harry has also diversified his investments. Real estate is one of the key components of his portfolio. As mentioned earlier, Harry and Meghan purchased a luxurious home in Montecito, a high-end neighborhood in Santa Barbara, California, known for its celebrity residents.
The couple reportedly secured a $9.5 million mortgage on the home, with the expectation that their media deals would cover the costs. In addition to their Montecito estate, they have invested in other properties and are reportedly looking to expand their portfolio, both in the U.S. and possibly the U.K.
The Impact of Royal Finances: Inheritance and Security Costs
While Prince Harry’s net worth has undoubtedly grown through his business ventures, there are also financial considerations related to his royal inheritance and the expenses that come with his unique status.
One of the most significant costs that Harry and Meghan have faced post-Megxit is their security. As senior royals, their security was covered by British taxpayers. However, since stepping back from royal duties, the couple has had to pay for their security privately, which is estimated to cost several million dollars annually. This high cost is crucial to maintaining the safety of the couple and their two children, Archie and Lilibet, given their high-profile status.
Despite no longer receiving royal funding, Prince Harry retains a portion of his wealth from inheritances, particularly from his mother, Princess Diana, and his great-grandmother, the Queen Mother. These inheritance funds continue to provide financial stability and have helped bolster Prince Harry’s net worth, even after stepping back from royal life.
Estimated Net Worth of Prince Harry in 2024
As of 2024, Prince Harry’s net worth is estimated to be between $60 million and $70 million. This wealth stems from a combination of his royal inheritance, media deals with Netflix and Spotify, public speaking engagements, book sales, and other investments. Though he no longer receives royal funding, Harry and Meghan have been able to build a solid financial foundation through their ventures in the U.S.
Their growing media presence and continued involvement in philanthropy ensure that Prince Harry’s net worth will likely continue to increase in the coming years. The couple remains focused on creating impactful content through their production company, Archewell Productions, while simultaneously building a more private, financially independent life for their family.
Conclusion
Prince Harry’s net worth has evolved significantly over the years. From his early life as a senior royal to his current life as a media entrepreneur and public speaker, Harry has successfully transitioned into financial independence. His diverse sources of income, ranging from media deals to public appearances, ensure that he remains financially secure despite stepping back from his royal duties.
Though his departure from the royal family brought uncertainty, Harry and Meghan have quickly established themselves as formidable figures in the media industry, securing a future that blends both financial success and meaningful work. Looking ahead, Prince Harry’s net worth is likely to continue growing as the couple expands their media projects and charitable endeavors.
