The decision by Prince Harry and Duchess Meghan to step back from their royal duties and pursue financial independence has garnered significant attention. In January 2020, the couple announced their intention to transition into a new role within the royal institution, aiming to become financially self-sufficient while continuing to support Queen Elizabeth II.
Their announcement, made through a lengthy Instagram post, stated, “After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution. We intend to step back as ‘senior’ members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen.”
Despite their desire for a more normal life, Prince Harry and Meghan Markle’s financial situation allows them to maintain a comfortable lifestyle without the need for traditional nine-to-five employment. Their decision to “work hard for the money” and achieve financial independence has been a notable development in their journey away from the constraints of royal life.
The statement provided insightful context regarding Prince Harry and Meghan Markle’s decision to step back from their senior royal roles. It highlighted their desire to strike a balance between honoring their royal duties and creating space for their family’s future endeavors, including the launch of a new charitable organization. The statement emphasized their commitment to instilling an appreciation for royal tradition in their son while also allowing them to focus on the next chapter of their lives.
Notably, in March of the same year, Harry and Meghan completed their final royal engagements, solidifying their transition from senior working royals to a more independent path. This transition has understandably raised questions about their financial standing and sources of income.
According to Celebrity Net Worth, Prince Harry’s personal net worth is estimated to be around $60 million. This figure provides valuable context for understanding the couple’s financial resources as they navigate their new roles and ventures outside the royal family.
The former royal, Prince Harry, received a substantial inheritance following the tragic death of his mother, Princess Diana, in 1997. According to reports, Harry and his brother, Prince William, each received a lump sum of $14 million from their mother’s estate upon turning 30 years old. Additionally, they were entitled to annual dividends of $450,000 starting from the age of 25, as reported by Forbes.
During his time in the Royal Air Force, Harry earned an annual salary of over $45,000, as stated in a Fortune report from November 2017.
Since then, Harry and his wife, Meghan, have established their own media company, Archewell Productions, and secured a major deal with Netflix in 2020. This partnership provides them with a steady source of income as they pursue their professional endeavors.
What Is Meghan Markle’s Net Worth?
According to Celebrity Net Worth, Meghan Markle’s estimated net worth is $60 million.
How Does Meghan Markle Make Money?
Meghan Markle’s primary source of income has been her acting career. During her time on the TV series Suits, she reportedly earned $50,000 per episode, which translates to an annual income of around $450,000. A significant portion of her fortune has been accumulated from her past acting roles. Additionally, like her husband Prince Harry, Meghan earns money through their Archewell Productions company, which they established after stepping down from their royal duties.