However, after Meghan and Harry left the royals, they announced their plan to be “financially independent” and no longer take money from streams like the Sovereign Grant. “They will no longer receive public funds for Royal duties,” Kensington Palace said in a statement in September 2020.
Princess Diana Left Him an Inheritance
According to Forbes, Princess Diana reportedly left both Prince William and Prince Harry $10 million after taxes, and they started receiving annual dividends at age 25 to the tune of $450,000 a year. That's a lot to live on—even for a fancy royal.
So what will Prince Harry inherit from Queen Elizabeth? Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
Prince Harry's net worth in 2023 is $60 million. This is according to reputable outlets such as Celebrity Net Worth. Prince Harry, whose full name is Henry Charles Albert David, was born on September 15, 1984, in London, England, United Kingdom.
"King Charles will not strip royal titles away from Prince Harry as it would go against the gifts and wishes of the late Queen Elizabeth II," he notes. Since the title was a gift from Harry's grandmother, Charles wouldn't take it from him.
Though Harry's prince title is a birthright and cannot be taken away, the Duke of Sussex title was a gift from Her late Majesty upon his marriage to Meghan in 2018.
Prince Harry and Meghan lost their ability to use their HRH titles in 2020 when the couple decided to take a step back from royal duties. Harry remained a Prince, and the couple kept their Duke and Duchess of Sussex titles, but are no longer addressed as His/Her Royal Highness (HRH).
“Spare” was sold for a rumored sum of $20 million as part of a multi-book deal, with flexibility as to the number and type of books Harry and Meghan could produce, according to people with knowledge of the acquisition process, who spoke on the condition of anonymity because such negotiations are private.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
Nowadays one of his main sources of income is via the Duchy of Cornwall, which made profits of $26 million in 2020 and $24 million in 2021. According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.
How much did Kate Middleton inherit from Queen Elizabeth II? Radar Online reported in September 2022 that was Kate was expected to inherit $110 million in jewelry from the Queen after her death. The collection includes 300 personal pieces of jewelry that belonged just to the Queen and not the Crown.
The youngest of both brothers already had an inheritance from the Queen mother (Queen Elizabeth II's mother) of around $10 million. Plus, he had to share $14 million left by his mother, the late Princess Diana of Wales that was left for him and Prince William.
She reportedly put a large chunk of her money into a trust fund, to be split between all her great-grandchildren. But the Queen Mother had an agreement that Prince Harry would get more than Prince William.
Royal Inheritance
Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
Meghan and Harry's financial autonomy
That means that when they made the decision to step back from their roles as senior working royals, Harry and Meghan were left with a meager sum of $13 million (estimated by Forbes), largely made up of the inheritance from Harry's late mother's estate.
Though their show broke Netflix records, they likely they won't continue Harry & Meghan. However, we could see the royal couple on Netflix in other capacities. The docuseries was part of their deal with the streaming giant, which they made in 2020.
Not only does Prince William have more money than his brother, Prince Harry, for reasons that would cause any family to feud, but he's about to get even richer, too. Here's a breakdown of Prince William's net worth, and how his royal finances work.
A Forbes report on the monarchy's wealth estimated Charles' inheritance from the Queen at a whopping $500 million worth of personal assets. But that's not all.
The net worth of the British royal family is estimated at $28 billion (£21.3 billion), according to Forbes. Queen Elizabeth II had a separate personal fortune of $500 million (£380.7 million), inherited by her son King Charles, according to Forbes.
A spokesperson for Charles confirmed in June 2021 that while the sovereign set aside “a substantial sum” for his youngest son and his wife at the start of their royal step back, the “funding ceased in the summer of [2020].” The rep told Variety at the time that Harry and Meghan “are now financially independent.”
In 2020, Harry and Meghan signed a $100 million deal with Netflix to produce a series of documentaries, docuseries, scripted shows, feature films, and children's programming according to Forbes.
Under British royal protocol, both Lilibet and Archie Mountbatten-Windsor, the couple's 3-year-old son, are entitled to the titles of princess and prince as grandchildren of the sitting U.K. monarch.
Although they were well off by ordinary standards, Forbes last year pegged their net worth at a fairly modest $10 million, including the remains of Harry's inheritance from his mother, Princess Diana, and the equity the pair have in their California mansion.
Meghan Markle had revealed that she did not know a lot about the Royal family and Prince Harry prior to meeting him. She admitted that whatever she knew about Harry was from what he had told her as opposed to reading it in the tabloids.
Harry has lost the following military titles: Captain General of the Royal Marines, Honorary Air Commandant of RAF Honington, and Commodore-in-Chief, Small Ships and Diving, Royal Naval Command.