Prince Harry is a member of the British royal family with an estimated net worth of $60 million. Prince Charles and Princess Diana Spencer’s son Harry (Princess of Wales). The paternal grandparents of Harry are Queen Elizabeth II and the Duke of Edinburgh, Prince Philip. When their father becomes King, his brother, Prince William (Duke of Cambridge), will be the heir apparent to the throne.
Prior to his departure from the Royal family in 2020, the vast majority of Harry’s $30 million net worth was derived from a trust fund established by his late mother Diana. When they both turned 25, William and Harry inherited $30 million trusts each. More information on this trust will be provided later.
When their great-grandmother passed away in 2002, William and Harry also received millions of dollars.
After leaving the Royal family, Harry and his wife Meghan Markle signed production deals worth an estimated $120 million, notably with Netflix and Spotify. Harry also agreed to produce a mental health-themed series for Apple TV+ alongside Oprah Winfrey.
They reportedly felt compelled to sign the contracts after losing financial support from his family in England. In his previous life. His father spents approximately $4 million annually on staffing and security for his son.
Henry Charles Albert David was born in Paddington, London, United Kingdom on September 15, 1984. Royal family members do not have last names. In 1992, Prince Harry’s mother and father divorced. Their separation was finalized in 1996. The following year, Princess Diana was tragically killed in a car accident in Paris. Prince William was 15 years old, while Prince Harry was 12 years old.
Prince Harry redeemed himself in 2005 when he enrolled at the Royal Military Academy Sandhurst, despite the fact that he had received his fair share of negative media attention. After completing officer training, he was commissioned as a Comet (second lieutenant) in the Blues and Royals, a regiment of the Household Cavalry in the British Army. He was promoted to lieutenant in 2008. Prince Harry supported the deployment of the prince to Iraq in 2007, stating, “I can’t put myself through Sandhurst and then sit on my arse at home while my boys are out fighting for their country.” General Sir Richard Dannatt, the commander-in-chief of the British Army at the time, feared that Harry would be a “high dollar target” and therefore prohibited him from serving in Iraq. Prince Harry’s military title was “Lieutenant Harry Wales.”
In 2018, Prince Harry married Meghan Markle. They announced they were expecting their first child together shortly after. Meghan gave birth to a son named Archie in May 2019; he is the seventh in line to the British throne.
The Diana Memorial Trust
Upon their divorce, Charles paid Diana a $24 million settlement. Inflation-adjusted, this is equivalent to approximately $40 million today. After her passing, the funds were placed in trust for William and Harry to inherit on their 25th birthdays. By the time they were both 30 years old, the trust had grown to the point where each son inherited $20 million.
Unfortunately for Harry, a trust known as the Duchy of Cornwall, which has made his father extremely wealthy and will eventually make William extremely wealthy, will not benefit him.
King Edward III created a trust for the heir apparent to the British throne in 1337. Currently, the Duchy owns a $1.3 billion real estate portfolio that generates between $20 and $30 million in annual after-tax income for the Crown Prince. As long as Queen Elizabeth remains on the throne, Charles, the father of Prince Harry, will receive the income. When Charles ascends to the throne, William will benefit.
After announcing their decision to step down from royal duties, Harry and Meghan spent some time in Canada before moving to a Tyler Perry-owned home in Southern California for several months. In August of 2020, it was announced that Harry and Meghan had purchased a $14.7 million home in Montecito, California (near Santa Barbara).
It was announced on September 2, 2020 that Harry and Meghan had signed a five-year “mega deal” with Netflix. Through the agreement, Harry and Meghan will establish a production company through which they will produce scripted content, documentaries, and programming for children. According to reports, the deal could be worth up to $150 million.
In December of 2020, it was announced that Harry and Meghan had signed a three-year, $18 million podcasting deal with Spotify.
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