Prince Harry and Meghan Markle are two of the most talked-about figures in the world today. Their journey from royal family members to independent public figures has captured the attention of millions. One of the most frequently discussed aspects of their new lives is their net worth. In this article, we will explore their financial backgrounds, sources of income, and how their net worth has evolved over the years.
Early Life And Background
Prince Harry, born on September 15, 1984, is the younger son of Prince Charles and the late Princess Diana. As a member of the British royal family, he was born into wealth and privilege. Meghan Markle, born on August 4, 1981, in Los Angeles, California, is an American actress known for her role in the television series “Suits.” Before her marriage to Harry, she was already a successful actress and had a considerable net worth.
Prince Harry’s Financial Background
As a royal, Prince Harry had access to various sources of wealth. His primary source of income came from the Duchy of Cornwall, which is a private estate owned by the Prince of Wales. This estate generates income through land ownership and investments. Harry also received an allowance from his father, which helped cover his living expenses.
In 2018, it was reported that Prince Harry’s net worth was estimated at around $40 million. This figure included his inheritance from Princess Diana, investments, and other assets. Following his departure from royal duties in early 2020, Harry’s financial landscape began to change significantly.
Meghan Markle’s Financial Background
Before marrying Prince Harry, Meghan Markle had a successful career as an actress. She reportedly earned $50,000 per episode while starring in “Suits,” which contributed significantly to her net worth. In addition to her acting career, Meghan also worked as a model and had endorsements that added to her income.
Prior to her marriage, Meghan Markle’s net worth was estimated to be around $5 million. This included her savings, properties, and earnings from her various acting and modeling roles.
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Their Combined Net Worth
After marrying in May 2018, Prince Harry and Meghan Markle combined their financial resources. Estimates of their joint net worth vary, but it is believed to be around $60 million to $70 million as of 2021. This figure takes into account both of their individual net worths and their joint ventures.
Major Sources of Income Post-Royal Duties
1. Netflix Deal
One of the most significant changes in Harry and Meghan’s financial situation came with their multi-year deal with Netflix. In September 2020, it was announced that they had signed a deal reportedly worth $100 million. The couple aims to produce documentaries, docuseries, feature films, scripted television shows, and children’s programming through their production company, Archewell Productions. This deal has been a major boost to their income.
2. Spotify Podcast
In December 2020, they also signed a lucrative podcast deal with Spotify. The deal is believed to be worth around $30 million. Through their podcast, “Archetypes,” Meghan has aimed to explore the labels that hold women back. The podcast has received a positive reception, adding to their brand.
3. Book Deals
Both Harry and Meghan have also pursued book deals. Prince Harry’s memoir, which was released in early 2023, reportedly earned him an advance of $20 million. The memoir provides a personal account of his life, experiences in the royal family, and his transition to life outside the monarchy. Meghan’s children’s book, “The Bench,” released in 2021, also contributed to their income, though exact figures from that deal are not publicly available.
4. Public Speaking Engagements
Harry and Meghan have been actively engaging in public speaking since stepping down from royal duties. They have participated in numerous high-profile events and conferences, earning significant fees for their appearances. These engagements help to further enhance their public profiles and financial standing.
Investments And Real Estate
Harry and Meghan have made strategic investments in real estate. After relocating to California, they purchased a home in Montecito for approximately $14 million. The property is situated on 7.4 acres and features multiple bedrooms, a pool, and stunning views. The couple’s real estate investments are expected to appreciate over time, further increasing their net worth.
Philanthropic Endeavors
Aside from their business ventures, Harry and Meghan have committed to various charitable efforts. They established the Archewell Foundation, focusing on mental health, gender equality, and community service. While philanthropy doesn’t directly increase their net worth, it plays a significant role in building their brand and public image.
Conclusion
Prince Harry and Meghan Markle have successfully transitioned from royal life to becoming influential figures in media and philanthropy. Their combined net worth reflects not just their individual successes but also their strategic business decisions post-royalty.
With lucrative deals in entertainment and a commitment to charitable work, they continue to adapt and thrive in their new roles. As they further develop their projects and investments, their financial standing may continue to grow in the coming years.
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