Harry and Meghan have made a living after they left “The Crown” but are they really richer than William and Kate? While their documentary series is a hit on Netflix, what is the fortune of The Sussexs? Let’s find out in this article that details Prince Harry’s net worth!
Prince Harry’s Net Worth: How Did He Earn Money Before and After Leaving The “Firm”?
What Is Prince Harry’s Net Worth?
When Prince Harry and Meghan stepped down from their royal duties in 2020, the Duke and Duchess of Sussex, who lost their ‘Royal Highnesses’ title and the pay that went with it, were soon faced with a pressing question: how will the parents of Archie and Lilibet make a living. The answer was quickly established – a mission of royal speed!
With the expenses related to their departure, the purchase of their villa, the various expenses for their travels, and their security. The millions who until then had been sleeping on their bank account could have quickly melted like snow in the sun. They, therefore, had to quickly find solutions to bail out the coffers.
Spotify:
Harry is getting a hell of a head start by signing juicy contracts that round out his loot a bit more… Latest to date: is the agreement of the Sussexes with the Spotify platform, in order to produce tailor-made podcasts around the values of sharing and tolerance in connection with their Archewell foundation.
The contract amount has not been revealed, but according to The Mirror, it is believed to be around £30m, or nearly $40m. The British daily recalls that the audio streaming giant wants to attract a number of celebrities to produce attractive content – therefore signing with Michelle Obama or Kim Kardashian to produce a record budget of 200 million dollars to expand its market.
The parents of Archie and Lilibet have also signed a contract with Spotify, which hosts Meghan Markle’s podcast “Archetypes”; the first episodes ( which won a People’s Choice Award) were launched in 2022.
Prince Harry and Meghan Markle’s deal with Spotify would span three years and be worth $25 million (23.30 million euros), according to Forbes and the New York Post
Netflix:
According to Forbes , on the first day they went live, nearly two million people watched the first three episodes of the Harry & Meghan documentary on Netflix in the US and UK alone
A new agreement which is therefore added to the golden bridge concluded by the Sussexes with Netflix at the start of the school year for an estimated sum of 150 million dollars, to provide films and documentaries in the years to come on the international platform. Which brings their business to date estimated at almost 200 million dollars, a hell of a sum that will be used to run their foundation, their dedicated production box, pay their secretarial work, their taxes, not to mention their personal margin. Enough to round off their fortune considerably in the long term, estimated until then at 36 million pounds (about 48 million dollars), 30 million for Harry and 6 million for Meghan, according to figures published by the British press.
Double media personalities as a couple:
If the Sussexes land lucrative contracts in publishing and image, conferences, partnerships, and sponsorships which will logically multiply after confinement and bring in several hundred thousand dollars each year…For this reason, Harry and Meghan are closely managed by the Harry Walker agency, which counts among its clients the Obamas, the Clintons, and Oprah Winfrey. If they continue to lead their boat well, the Sussexes could eventually find themselves at the head of a considerable heritage of more than 100 million dollars, worthy of the biggest stars of Hollywood.
Archewell Productions:
After splitting from the Royal Family, Harry and Meghan first founded Archewell Productions, a subsidiary of their non-profit organization, with the aim of creating “programming that informs, uplifts and inspires”.
According to Deadline and Us Weekly, a multi-year production agreement with Netflix was notably signed in 2020 by the company which was estimated to be between 100 and 150 million dollars. As part of the deal, the parents of Archie and Lilibet will be expected to produce documentaries, scripted shows, feature films, and children’s programs.
In December 2022, the first production, the documentary series “Harry & Meghan”, was put online, in which they themselves tell the backstage of their departure from the United Kingdom and make sensational revelations about the royal family. A completely new exercise that strongly shakes the British crown.
While delighting the spectators. On December 31, the next production, “Live to Lead”, has already been announced, which will look at “extraordinary leaders”, such as former Supreme Court justice Ruth Bader Ginsburg, feminist icon Gloria Steinem, or the environmental activist Greta Thunberg.
Another in-development project will follow participants in the charity founded by Harry (called the Invictus Games) that provides sporting events for injured military veterans, as CNN reported last year.
Meghan Markle was planning an animated series release called ‘Pearl’ but following its budget cuts, it was among many programs dropped by Netflix.
Contract with Penguin Random House:
Prince Harry announced in July 2021 that he had signed a contract with Penguin Random House. While Entertainment Tonight reported that Prince Harry had signed a four-book deal with publishers, the amount of that deal has also not been made public but is said to be worth between $51 million and $59 million.
Prince Harry’s memoir:
A $20million advance was reportedly received last year by Prince Harry when he sold the rights to his memoir, ‘The Substitute’. They were released in over 16 countries and are already making a lot of noise for their explosive content, from Harry’s war with his brother to his deflowering, through his drug use or his will at a period of life. to reopen the investigation into the death of his mother Diana.
The three exclusive interviews that Prince granted prior to the release of his book the “Substitute” had to be negotiated at a high price. In 2021, it was revealed that Harry and Meghan monetized their public interventions at 1 million dollars (930,000 euros). A rate that must have otherwise stagnated, increased since.
And even if the interview is not paid, it promotes their series or book and other products when it does not highlight their humanitarian actions through osmosis of association. On the other hand, Meghan had published a children’s book, “The Bench”, last year. It’s unclear how much she was paid for it, but a branding expert told the Daily Mail that the advance could have been as high as $600,000.
AppleTV contract:
Among Harry and Meghan’s other paid pursuits is also a deal with Oprah Winfrey to produce a series on mental health – a theme Harry holds dear. titled “The Me You Can’t See,” it went live in 2021 on AppleTV.
Recent money inflows after royal grandmother’s inheritance:
Finally, we do not know how much Queen Elizabeth II bequeathed to her grandson, but it is likely that the sum is substantial. On the side of big expenses, their Californian house was estimated at 15 million dollars (13.9 million euros). They would have invested about $5 million (4.66 million euros) in equity there, bringing the value of the mortgage to $10 million, reports CBS.
According to British monarchy expert Bertrand Meyer-Stabley, the Sussexes would spend 10,000 euros a day just for the salaries of their “seven permanent members of staff, a chef, a gardener, two cleaning ladies, a steward, a nanny, a handyman, and five bodyguards”.
Compared to their recent contracts, between expenses and amounts received, the Sussexes now seem to be free from the need to even depend on their grandmother’s inheritance as what may seem is a high expense for ordinary mortals is entirely affordable according to calculations by Hello and Women’s Health Magazine – Prince Harry and Meghan Markle are predicted to grow from $10 million to $60 million in personal wealth.
Not to mention that their Montecito mansion would have increased in value and would now be worth 30 million dollars. The parents of Archie and Lilibet have therefore taken off. According to British media, the Sussexes’ fortune could soon even exceed that of Queen Elizabeth II (estimated at 350 million pounds), with their fortune rising from 35 million pounds to 700 million thanks to the contracts they could sign in the next few years.
Prince Harry’s finances before exiting his Royal family:
Prince Harry and Meghan Markle, who continue to make waves after stepping back from their official roles as senior royals in 2020, have since gone out of their way to ensure their financial independence.
Forbes had in 2021 pegged their net worth at a (modest) 10 million dollars (9.32 million euros), which included the rest of the inheritance Harry received on the death of his mother, Princess Diana, as well as the net worth the couple has invested in their California mansion. It was indeed thanks to his mother’s inheritance that Harry had been able to move to Canada, then to the United States.
Although it is difficult to quantify their fortune exactly, certain amounts that have circulated make it possible to compare their situation before their departure from the United Kingdom with that of today.
Royal duties comes with a royal salary:
Before their withdrawal in January 2020, the Sussexes received 95% of their annual income from Charles, at the time still Prince of Wales. The Duchy of Cornwall was paying them $800,000 to cover the majority of expenses associated with their royal duties, including staff and travel, Forbes reported.
In 2020, when they freed themselves from their royal obligations, they gave up this income and were also financially cut off from the heritage of the British Crown, estimated at 34 million dollars (31.7 million euros).
Mother’s life-insurance:
He and his brother are said to have inherited around $14 million each after the death of their mother Princess Diana. “I have what my mother left me and without it we couldn’t have done this,” Prince Harry told Oprah Winfrey in March 2021 of their departure from the UK. He had taken from this money the 3 million dollars (2.8 million euros) that he and Meghan reimbursed to cover the cost of renovations carried out at their British residence of Frogmore Cottage, in Windsor, costs which were initially covered by British taxpayers (Sovereign Grant).
High ranking military salary:
Prince Harry also had his military salary in his pocket; he served 10 years in the British army as a captain (and would have killed 25 Taliban, as he wrote in his memoirs). It is estimated that Prince Harry earned around 74,000 to 740,000 dollars at that time, over the entire period (690,000 euros).
Meghan’s salary in Hollywood:
Prior to the couple’s marriage, Meghan was an actress whose major chunk of income came from her appearances on USA Network’s drama series “Suits,” for which she procured around $50,000 per episode.
According to The Independent, the Suits actress would therefore have entered the marriage with a net worth of around 5 million dollars (over 4 million euros).
Charity work:
If the advance from the publisher is significant, Insider understands that Harry will donate a portion of the proceeds from his book to charities.
This includes, for example, a sum of 1.5 million dollars going to an organization co-founded by Harry with Prince Seeiso of Lesotho called Sentebale which helps young people in Lesotho and Botswana suffering from AIDS.
It also helps that he has sponsored for fifteen years and made around $350,000 for the WellChild association.
The sale of the books will therefore partly benefit charities, especially since the publisher has also agreed to make two charitable donations, totaling $1.6 million as part of the agreement, reported the BBC.
Other FAQs about Prince Harry’s Net Worth:
Who is richer, William or Harry?
Both started their adult lives with the same wealth, around 30m dollars.
In a few months, Harry and Meghan have become richer than William and Kate, also endowed with 40 million pounds of personal fortune between them, but who cannot in any case embark on an all-out business, because of their obligations. officials within the crown. Commitments remunerated by the Sovereign Grant , the royal allowance paid to Elizabeth II to finance in particular the functions of representation of the family – an annuity which Prince Harry waived. To ensure his daily lifestyle, Prince William also receives help from his father, valued at three million pounds annually. We don’t know if Charles continues to help Harry as well, but it’s hard to see him completely abandoning his son beyond the Atlantic.
The Cambridges, however, have not said their last word on the financial plan: when Charles accedes to the throne, Prince William will be able to count on the famous Duchy of Cornwall , the prerogative of the heir to the crown, which brings in a miraculous income each year. 25 million euros, which he will be able to use to finance his family’s lifestyle… Enough to round off his ball for a few years against his younger entrepreneur and businessman. In the end, when William in turn becomes king, he will certainly be in charge of a colossal fortune and several castles, but for the most part only as a trustee. While Harry can enjoy his millions as he sees fit, if he has any left.
Does Meghan Markle earn good money?
Prior to being a royal, the commoner established her earnings as an actress, notably for the series Suits (where Megahan earned 50,000 euros per episode).
Once she left her acting career behind, Prince Harry’s wife invested in a sustainable coffee brand back in 2020. She put her money into Clevr Blends (a pun for “clever blends’ ‘), which has widely developed, even bringing Lilibet’s mother nearly 10 million dollars.
She also kept a blog that allowed her to develop partnerships – The Tig.
What assets do Meghan Markle and Prince Harry own?
In 2018, as a wedding gift, Queen Elizabeth II gave Frogmore Cottage in Windsor and it is notably expensive as the renovations alone amounted to 2.5 million euros, paid for by the royal estate.
When they left in 2020, Harry and Meghan repaid this sum and instead purchased a 20 million euro mansion in Montecito (California) on which they are paying a mortgage: 9 bedrooms, a sauna, a swimming pool, 16 bathrooms, a hammam, and a tennis court.
According to Bertrand Meyer-Stabley (who is a royal biographer) the couple’s lifestyle and their mansion would be “a money pit”, in particular “seven permanent members of staff, the maintenance of the house and the energy bill, two housekeepers, a steward, a chef, a gardener, a handyman, a nanny and five bodyguards”, i.e. expenses of up to 10,000 euros per day cited by the author.
How much does the documentary earn Meghan Markle and Prince Harry on Netflix?
The couple signed a contract with Netflix for 100 million dollars over five years within a few months after their departure from the United Kingdom, via their production company Archewell.
But for the time being, Harry and Meghan haven’t been paid that because it is ordinary for this type of contract to be paid only when there is proof of the work provided.
Netflix had signed on for Meghan Markle a 20 million dollar designed animated series, Pearl, but it was canceled in the spring, among many other cancellations as part of the streaming giant’s new strategy.