When you’re a working Royal, you’re not allowed to leverage your status for high-paying jobs. But that all changed for Harry when he stepped down as a senior member of the British Royal family and gave up the funds he received every year from his father and The Duchy of Cornwall.
Fast forward almost three years later, Prince Harry’s quest to be financially independent of his family has been royally successful. 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) from one of the world’s richest women, his great-grandmother, the Queen Mother, upon her death in 2002. He also received $20 million on his 25th birthday in 2014 from his mother, 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.
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.
This one element makes up a large part of Prince Harry’s net worth.
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. Meghan had stayed in rental apartments, while Harry lived in a cottage on the grounds of Kensington Palace.
After getting married, the couple lived in Adelaide Cottage before relocating to Frogmore Cottage in Windsor, where Archie was born. After deciding to step away from royal duties, the couple moved twice again before settling into their new home in Santa Barbara.
The Montecito mansion is valued at $14.7 million 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.
“We believe it’s time for more people to have a seat at the table when decisions are made that impact everyone. We want to rethink the nature of investing to help solve the global issues we all face. This is one of the ways we put our values into action,” they stated on their Archewell Foundation website.
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 Deal
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.
The first production, Heart of Invictus, is currently in the works and will feature Harry. It is a docu-series about competitors at the Invictus Games. The series is in partnership with the Invictus Games Foundation, of which Prince Harry is a founding member.
6. Spotify Deal
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, is very popular with their listeners. How popular?
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, will be released on January 10, 2023.
“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.
The book, “Spare” is ghost-written by JR Moehringer and is about Prince Harry’s life, military service, and role within the royal family. Before the release date, he will receive £17.5 million, or approximately $20 million. This income will significantly add to Prince Harry’s net worth.
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.
In a statement on the BetterUp blog, the CEO reiterates that “Prince Harry will expand on the work he’s been doing for years as he educates and inspires our community and champions the importance of focusing on preventative mental fitness and human potential worldwide.”
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.
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.
1. $3.2 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.
2. 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.
This article was produced by Planner at Heart.