Prince Harry Now Lives in One of America’s Most Expensive Towns – Here’s Where He Got The Money To Afford It
When you’re a working Royal, you’re not allowed to leverage your status for high-paying jobs. But that all changed for Prince Harry when he stepped down as a working senior member of the British Royal family and gave up the funds he received every year from his father and The Duchy of Cornwall.
He’s Independent of The British Royal Family in More Ways Than One
Fast forward three years later, and Prince Harry’s quest to be financially independent of his family has been royally successful. And this independence has allowed him a freedom he has been dreaming of for decades and to settle his family into one of America’s most expensive and exclusive communities – Santa Barbara County, California.
His New Net Worth is Staggering
According to Celebrity Net Worth, Prince Harry’s net worth is estimated at $60 million thanks to mega million dollar book deals as well as partnerships with Netflix and other brands.
So where exactly did he get all his cash?
10 Jobs, Partnerships and Assets Adding To Prince Harry’s Net Worth
The former wild child of the Royal Family has turned himself into quite the businessman. With lucrative deals with streaming giants to speaking engagements and new business ventures, The Spare is now top-billing. So what did contribute to Prince Harry’s net worth. Let’s take a look.
1. Military Career
Prince Harry served in the British Army for ten years, reaching the rank of Captain and completing two tours in Afghanistan. He began receiving an annual salary of approximately $50,000 for his military service in 2005, and it’s believed he accumulated around $500,000 from this career before leaving the army in 2015.
After leaving active military service, Prince Harry set up the Invictus Games Foundation. It is a charity that caters to injured and sick servicemen and women through adaptive sports. He still undertakes royal patronages related to veterans’ causes, such as the Walking With the Wounded charity.
2. Inheritance From Princess Diana and the Queen Mother
Prince Harry inherited £10 million (roughly $13.3 million) his great-grandmother, the Queen Mother, upon her death in 2002. He also received $20 million on his 25th birthday in 2014 from Princess Diana’s estate.
Princess Diana had accumulated a $24 million fortune through her divorce settlement. After her death, the money was placed in a trust for her sons until they turned 25. When Harry turned 30 in 2014, the funds had appreciated to $40 million, and the trust was split equally between him and his brother Prince William.
His Mother Saw This Coming – And Knew Money Would Be Needed
These funds made it easier for him to sever his financial ties with the royal family and become financially independent. He spoke of these funds during his controversial interview with Oprah, stating, “I’ve got what my mum left me, and without that, we would not have been able to do this,” he said.
3. Real Estate
Prince Harry and Meghan Markle have lived in several homes in the last ten years, owning none until their recent purchase of a mansion in Santa Barbara, California.
The Montecito mansion is valued at $14.7 million on the low end and could theoretically add to Harry’s net worth. It is too soon to say if they got the house for a bargain and how much they put down on the purchase. The property’s value is expected to appreciate in the coming years, potentially pushing his net worth even higher.
4. Corporate Partnership With Ethic
The Duke and Duchess have joined a US fintech asset manager, Ethic, as impact partners. They wanted a corporate partner aligned with their values and beliefs, and it was vital for them to have a company focused on sustainability.
Ethic claims to only invest in companies that positively impact people and the planet. Besides aligning with their beliefs, Harry and Meghan believe their involvement with Ethic will help younger people invest in sustainable companies.
With $1.3 billion under management and proven growth since starting in 2015, their partnership with Ethic is expected to bring large profits and add to Prince Harry’s net worth. How much exactly? Only time will tell.
5. Netflix Documentary
In September 2020, Prince Harry and Meghan signed a multi-year deal with Netflix to produce content that “informs, elevates, and inspires.” It’s estimated that the couple will earn around $100 million from the deal, adding significantly to Meghan and Prince Harry’s net worth.
The couple’s brainchild, Archewell Productions, is at the center of this partnership. The production company will focus on creating content that highlights “our shared humanity and duty to truth” and will aim to uplift diverse voices and perspectives.
6. Spotify Podcasts
The Duke and Duchess of Sussex also have a multi-year, $25 million deal with Spotify for podcast content under their Archewell Audio banner. Spotify boasts over 406 million active monthly users, and Meghan’s podcast, Archetypes, was a small success.
From the start, it went straight to the number one spot on the podcast charts for the U.S., Canada, Australia, the U.K., Ireland, and New Zealand. It is more popular than “The Joe Rogan Experience,” consistently the most-listened-to podcast on Spotify in the United States.
To date, it has featured guests such as Serena Williams, Mariah Carey, and other A list celebs.
7. Book Deal
Harry reportedly signed a $44 million deal with publisher Random House to write three books; the first, a memoir, was released January 10, 2023 and has gone on to break sales records across countries and continents.
“I’m writing this not as the prince I was born but as the man, I have become. I’ve worn many hats over the years, both literally and figuratively, and my hope is that in telling my story—the highs and lows, the mistakes, the lessons learned—I can help show that no matter where we come from, we have more in common than we think,” said Prince Harry in a press release.
8. Chief Impact Officer at BetterUp
In 2021, Alexi Robichaux, CEO of BetterUp, announced that Prince Harry had joined the company as their Chief Impact Officer. BetterUp is a professional coaching and mental health platform aimed at helping individuals reach their potential.
Prince Harry’s executive role in the company is focused on expanding the platform’s efforts to prioritize mental wellness, especially within organizations and communities. How much is he getting paid for this role? The CEO has declined to comment.
9. Speaking Engagements With Harry Walker Agency
The Duke of Sussex is also a public speaker and is signed with the Harry Walker Agency. The agency works with some of the world’s most influential leaders and public figures, including former President Barack Obama, Hillary Clinton, and Oprah Winfrey.
Prince Harry is no stranger to public speaking, giving speeches on mental health and lending his voice to causes he is passionate about. With the Harry Walker Agency affiliation, the Prince now has a more structured platform to continue his public speaking globally and bring in significant income.
How much does he get paid to speak? Their exact fees aren’t listed, but this agency secures speaking fees of $250,000 for the Clintons and $400,000 for The Obamas. Tatler reported that he could get up to $1 million per speaking engagement.
10. Visionary and Founder of Travalyst
In 2019, Prince Harry launched a sustainable travel initiative called Travalyst, aimed at finding solutions for sustainable tourism. Prince Harry launched the project in partnership with Booking.com, Skyscanner, TripAdvisor, CTrip, and Visa. Google and Expedia later joined the collaboration.
His compensation is unknown.
Debts Impacting Prince Harry’s Net Worth
Although Prince Harry’s net worth is growing, it took a hit in the past couple of years due to his debts. His multiple legal fees could greatly impact is overall net worth as well. Some commentators estimate that each of his lawsuits could cost $5 million in legal fees.
$3 Million Renovation Funds for Windsor Castle
In 2019, Prince Harry and Meghan Markle announced they were moving out of Kensington Palace to Frogmore Cottage, Windsor. The renovations for the new home cost British taxpayers £2.4 million, or $3.2 million.
When the couple exited the royal family they agreed to repay the Sovereign Grant funded by taxpayers. They paid the sum of $3.2 million in full in 2020 clearing their debt.
Sussex Royal Foundation Debt
Markle Windsor Foundation, formerly Sussex Royal Foundation, was a non-profit founded by Prince Harry and Meghan in 2019. Flash-forward to August 2020, the foundation was dissolved, and the couple had to pay an outstanding debt of £213,000 to an unnamed non-profit.
The payment was in two installments (£134,500 in 2021) and £78,500 later. The couple had to pay an additional £27,447 due to payment delay.
So, Maybe the Grass is Greener
Prince Harry has come a long way since his royal exit in 2020. He has found a way to thrive in The United States and make giant strides in his career, expanding his net worth. He said recently – “I’ve never been happier.”
Is Prince Harry Still in The British Crown Line of Succession?
Prince Charles was heir to the throne almost all of his life and now his eldest son William, is the next heir apparent. But the line of succession is long, and it continues to change as families grow and succession laws are revised.
Since Harry has stepped away from Royal Life, has he also been removed from the line of succession?
Who Is In British Royal Line of Succession Now?
Has The Endgame for The British Royal Family Begun?
Over the past 1200 years, 62 monarchs from the same family tree have enjoyed an elevated position in the world as The British Royal family. Will 2023 end a system that many say has overstayed its welcome?
Will Prince Harry’s lawsuit and admission of Palace leaks to the press be the latest in the unraveling of this institution?
Has The Endgame for The British Royal Family Begun?
The 23 Richest Royals in the World: Where Does King Charles III Rank?
Many royals are known for their power, prestige, notoriety, and money. There are those who are part of centuries-old dynasties, while others are relatively new to the scene. Several came to their riches through their royal titles, while others earned their fortunes in different ways.
Now that Charles is the King of England is he one the very richest in the world? It may surprise you that he’s in the bottom of the list of the world’s richest royals.
The 23 Richest Royals in the World: Where Does King Charles III Rank?
Harry and Meghan’s Netflix Docuseries Exposed These Royal Family Lies
There’s been so much speculation about the contents of the show and if it would be a blatant attack on The Royal Family and the establishment behind it. What no one was expecting though, was a different kind of drama that ensued. The he-said/she-said public comment dance on whether the Royal Family was given an opportunity to comment on the contents of Harry &Meghan’s Netflix documentary.
So while people assumed the post-release fight would be between the British Royal Family and Harry & Meghan another heavyweight entered this specific argument. The global brand and business behemoth that is Netflix.
So what exactly happened? And what did it expose about The Palace’s regular behavior?
Harry and Meghan’s Netflix Docuseries Exposed These Royal Family Lies
Santa Barbara Downtown: 13 Places to Eat and Things to Do
Located in the heart of California, the beautiful city of Santa Barbara is a great travel destination. The old Mediterranean-styled buildings, Spanish culture, excellent resorts, and small quaint cafes are just some of the gems found in Santa Barbara Downtown
Santa Barbara Downtown: 13 Places to Eat and Things to Do
This article was produced by Planner at Heart.
