Introduction to Prince Harry’s Financial Journey
Prince Harry, Duke of Sussex, has been a prominent figure in the British royal family and has attracted global attention not only for his royal status but also for his personal and financial decisions. As we approach 2024, there is growing interest in the net worth of this member of the royal family, especially after his departure from royal duties and his move to the United States with his wife, Meghan Markle. In this article, we will delve into the various aspects that contribute to Prince Harry’s net worth as of 2024.
| Attribute | Detail |
|---|---|
| Estimated Net Worth: | $40 million |
| Age: | 39 |
| Born: | September 15, 1984 |
| Country of Origin: | United Kingdom |
| Source of Wealth: | Inheritance, Military Salary, Netflix Deal, Speaking Engagements, Book Deals |
Early Inheritance and Personal Wealth
Prince Harry’s financial status has been influenced by his royal lineage and the inheritance he received from his late mother, Princess Diana, and his great-grandmother, Queen Elizabeth The Queen Mother. This inheritance forms a significant part of his net worth.
Inheritance from Princess Diana
Following the tragic death of Princess Diana in 1997, both Prince Harry and his brother, Prince William, were left a substantial inheritance. The funds were held in trust until they reached the age of 30. This inheritance included cash, stocks, and personal items such as jewelry.
Inheritance from Queen Elizabeth The Queen Mother
In addition to his mother’s estate, Prince Harry also received an inheritance from his great-grandmother, Queen Elizabeth The Queen Mother, who passed away in 2002. Her estate was divided among her descendants, with a portion going to her great-grandchildren.
Military Career and Salary
Prince Harry served in the British Army for ten years, rising to the rank of Captain and undertaking two tours of Afghanistan. His military career provided him with a salary and benefits, contributing to his financial independence during his service.
Salary and Benefits from the Army
As a member of the British Army, Prince Harry received a regular salary. This income, along with other military benefits, added to his financial portfolio during his years of service.
Life After Royal Duties
In early 2020, Prince Harry and Meghan Markle announced their decision to step back from their roles as senior members of the royal family. This decision had significant implications for their financial situation.
Financial Independence
Upon leaving their royal roles, Prince Harry and Meghan expressed their desire to become financially independent. This meant that they would no longer receive funding from the Sovereign Grant, which is the funding mechanism that supports the official duties of the Queen and maintains the occupied royal palaces.
Repayment of Frogmore Cottage Renovations
After their departure, the couple also committed to repaying the taxpayer-funded renovations to their UK residence, Frogmore Cottage. This repayment was completed, which impacted their financial status.
Commercial Deals and Media Ventures
One of the most significant contributors to Prince Harry’s net worth in 2024 is his foray into media and entertainment ventures, alongside his wife.
Netflix Deal
In September 2020, Prince Harry and Meghan Markle signed a multi-year deal with Netflix to produce documentaries, docu-series, feature films, scripted shows, and children’s programming. The exact figures of the deal were not disclosed, but it is estimated to be worth over $100 million.
Spotify Podcast Deal
The couple also secured a deal with Spotify to produce and host podcasts that promote diverse and inspiring voices. This deal is another source of income contributing to Prince Harry’s net worth.
Speaking Engagements
Both Prince Harry and Meghan have engaged in various speaking engagements since stepping back from royal duties. These engagements, often with high-profile companies and organizations, come with substantial fees that add to their income.
Book Deals and Publications
Prince Harry’s literary endeavors have also added to his financial portfolio.
Prince Harry’s Memoir
It was announced that Prince Harry would be releasing a memoir, which is expected to cover his life in the public eye, including his time in the royal family, military service, and his new life in America. The financial details of the book deal have not been publicly disclosed, but it is speculated to be worth millions.
Meghan’s Children’s Book
Meghan Markle’s children’s book, “The Bench,” also contributes to the couple’s income. While it may not be a significant portion of Prince Harry’s net worth, it is part of their joint financial endeavors.
Charitable Work and Philanthropy
Despite their financial success, Prince Harry and Meghan have continued their philanthropic efforts through their non-profit organization, Archewell Foundation.
Archewell Foundation
The Archewell Foundation aims to uplift and unite communities through compassionate service and is a key part of their post-royal life. While the foundation is not a source of income, it is an essential aspect of their financial narrative, as they have invested their own money into its operations.
Real Estate Investments
Real estate is another area where Prince Harry has invested his wealth. The couple purchased a home in Montecito, California, which is considered an investment in their financial future.
Montecito Home Purchase
Their Montecito home was purchased for a reported $14.65 million. This property not only serves as their family residence but is also a valuable asset in their portfolio.
FAQs About Prince Harry’s Net Worth
- How does Prince Harry make money now that he is no longer a working royal?
Prince Harry earns money through various means including Netflix and Spotify deals, speaking engagements, book deals, and other private ventures. - Did Prince Harry inherit money from the Queen Mother?
Yes, Prince Harry received an inheritance from his great-grandmother, Queen Elizabeth The Queen Mother. - What is the value of Prince Harry’s Netflix deal?
While the exact value has not been disclosed, it is estimated to be worth over $100 million. - Does Prince Harry still receive money from the British royal family?
No, Prince Harry and Meghan Markle have stated their intention to be financially independent from the royal family. - What is the Archewell Foundation?
The Archewell Foundation is a non-profit organization founded by Prince Harry and Meghan Markle to promote compassionate service and community building.
Conclusion
In conclusion, Prince Harry’s net worth in 2024 is a reflection of his journey from a royal prince to an independent individual forging his own path. His wealth is a combination of inheritance, military salary, lucrative media deals, speaking engagements, book publications, and real estate investments. Despite stepping back from royal duties, Prince Harry has managed to maintain and even increase his net worth through various ventures, alongside his wife Meghan Markle. As they continue to build their life away from the royal spotlight, their financial status remains a topic of interest and speculation.
