Prince Harry Net Worth 2023: A Fascinating Peek Into The Former Royal’s Wealth

Prince Harry, a member of the British royal family, has a net worth of $60 million. He is the son of King Charles III and the late Princess Diana and a grandchild of the late Queen Elizabeth II. Alongside his wife Meghan Markle, they stepped down as working members of the royal family in 2020. Since then, they have signed lucrative deals, including documentaries, books, and podcasts, worth an estimated $135 million.

As they are no longer senior royals, they no longer receive financial support from the royal institution. However, they retain their titles as the Duke and Duchess of Sussex. Prince Harry relied on an inheritance of approximately $10 million from his late mother, Princess Diana, after moving to Los Angeles. Meghan Markle earned around $2 million from her acting career, primarily for her role in the TV series Suits. Together, Prince Harry net worth 2023, along with Meghan’s contribution, is equal to around $60 million.

Early Life

Prince Harry (Prince Henry Albert Charles David), born on September 15, 1984, at St Mary’s Hospital in London, is the second child of Charles, Prince of Wales, and Diana, Princess of Wales. Growing up, he was known as “Harry” and was raised alongside his elder brother, William, at Kensington Palace in London and Highgrove House in Gloucestershire. His mother, Diana, wanted him and William to have a broader understanding of ordinary life, exposing them to diverse experiences from visits to Walt Disney World and McDonald’s to AIDS clinics and homeless shelters.

prince harry net worth 2023

In 1996, Harry’s parents divorced, and tragically, his mother passed away in a car crash in Paris the following year. At the age of 12, he walked behind her funeral cortège, accompanied by his father, brother, paternal grandfather, and maternal uncle. Inherited from their mother, Harry and William received a substantial sum of approximately £10 million each on their respective 30th birthdays.

Additionally, the brothers inherited personal possessions of sentimental value, including Diana’s wedding dress, diamond tiaras, letters, and paintings. They also received the original lyrics and score of “Candle in the Wind,” performed by Elton John at Diana’s funeral.

It was reported that Harry would inherit a significant portion of the funds left by their great-grandmother, Queen Elizabeth The Queen Mother, as William is set to ascend to the throne. The brothers were also expected to receive trust funds disbursements on their 21st and 40th birthdays.

Education

Prince Harry received his education at prestigious private schools, following in the footsteps of his father and older brother. He attended Jane Mynors’ nursery school and Wetherby School in London before progressing to Ludgrove School in Berkshire. Contrary to the family tradition of attending Gordonstoun, Harry was enrolled at Eton College, as his brother William and members of the Spencer family had done before. This decision allowed Harry to study without intrusion, thanks to an agreement with the royal family and the tabloid press.

In 2003, Harry completed his education at Eton with two A-Levels, achieving a grade B in art and D in geography. He actively participated in sports, particularly polo and rugby union, and was recognized as a skilled athlete. While some cheating allegations during examinations were made, neither Eton nor Harry confirmed them. However, a tribunal acknowledged that he received assistance with his A-level expressive project.

After finishing school, Harry embarked on a gap year, spending time in Australia as a jackaroo on a cattle station and participating in a polo match between Young England and Young Australia. He also traveled to Lesotho, where he worked with orphaned children and created the documentary film “The Forgotten Kingdom: Prince Harry in Lesotho.” 

Career

In 2005, Prince Harry embarked on his military career by joining the Royal Air Force for officer training. He was commissioned as a Cornet in the Blues and Royals regiment after his training.

A year later, there was a public debate about whether Prince Harry should be deployed to Iraq. Ultimately, it was decided that he would serve in a war zone.

In a covert mission, Prince Harry served as a Forward Air Controller for 77 days in Afghanistan in both 2007 and 2008. During this time, he worked alongside British and Canadian forces as part of NATO’s efforts in the war in Afghanistan.

In 2008, Prince Harry was promoted to Lieutenant and awarded the Operational Service Medal for his service in Afghanistan. He then pursued training to become an Apache helicopter pilot.

Prince Harry subsequently joined the Army Air Corps and was a co-pilot for an Apache helicopter on duty. In 2013, the Ministry of Defence announced that Prince Harry had qualified as an Apache aircraft commander.

In recognition of his contributions, Prince Harry was appointed Knight Commander of the Royal Victorian Order in 2015. The following year, he concluded his official duties with the Armed Forces.

What Is Prince Harry’s Last Name?

Prince Harry’s last name is not straightforward due to his status as a member of the British Royal family. When he holds the title “His Royal Highness,” he does not have a last name. However, there are certain contexts where he has used different names.

In the army, Prince Harry adopted the name “Captain Harry Wales” as a way to identify himself. This choice was arbitrary but allowed for practical purposes within the military.

Generally, members of the British Royal family who bear the title of “His/Her Royal Highness” do not possess last names. Instead, they are identified by their full names and official titles. In the case of Prince Harry, his complete name, as listed on his children’s birth certificates under “Father,” is “His Royal Highness Henry Charles Albert David Duke of Sussex.” Furthermore, his occupation is stated as “Prince of the United Kingdom.”

However, Prince Harry’s children do have a last name. According to a royal decree issued by Queen Elizabeth in 1960, members of the royal family who are not “HRH” are permitted to use the last name “Mountbatten-Windsor.” This name combines two family names: “Windsor,” which was chosen by Queen Elizabeth’s grandfather for his non-“HRH” descendants, and “Mountbatten,” which was the last name of Prince Philip’s maternal grandparents.

Prince Harry’s children are Archie Harrison Mountbatten-Windsor and Lilibet Diana Mountbatten-Windsor.

Married Life

In mid-2016, Prince Harry started dating American actress Meghan Markle. Their first connection was made through Instagram, although they also went on a blind date set up by a mutual friend. The press quickly picked up on their relationship, and Prince Harry released a statement expressing concern about the negative media coverage and online trolls targeting Meghan. In September 2017, the couple made their first public appearance together at the Invictus Games.

prince harry net worth 2023

Their engagement was officially announced in November 2017, with Prince Charles sharing the news. The couple received positive feedback regarding Meghan’s mixed-race heritage and its significance for Commonwealth countries. Their wedding ceremony occurred on May 19, 2018, at St George’s Chapel, Windsor Castle. They later revealed that they privately exchanged vows in their garden a few days before the official ceremony, although it was not an official marriage.

The Duke and Duchess of Sussex initially resided at Nottingham Cottage in London. They also leased WestfieldLarge on the Great Tew Estate in the Cotswolds but gave it up due to privacy concerns. They considered settling at Apartment 1 in Kensington Palace but ultimately moved to Frogmore Cottage in Windsor Castle’s Home Park. The cottage underwent renovations, partly covered by the Sovereign Grant, with the Duke reimbursing expenses beyond restoration and maintenance. Their son, Archie, was born in May 2019.

After returning from their official royal duties, the couple relocated to Canada and the United States before purchasing a house in Montecito, California, in June 2020. They welcomed their daughter, Lilibet, in June 2021. The Duke and Duchess also share their home with their Labrador Pula and two Beagles named Guy and Mamma Mia.

Prince Harry’s Personal Details 

CategoryDetails
Net Worth$60 Million
Age38
BornSeptember 15, 1984
Place of BirthPaddington, United Kingdom
GenderMale
Height1.89 m (6 ft 2 in)
Country of OriginUnited Kingdom
Source of WealthMember of the British Royal Family, business and media deals, inheritance
FatherKing Charles III
MotherDiana, Princess of Wales
SiblingPrince William
WifeMeghan Markle
ChildrenArchie (son), Lilibet (daughter)
Current ResidenceMontecito, California, USA (near Santa Barbara)

Prince Harry Net Worth 2023: Where Does the Money Come From?

Prince Harry has accumulated a substantial net worth through various sources, including inheritances, military salaries, trust funds, and lucrative deals. His royal status and independent ventures have shaped his financial journey. Let’s explore the different factors contributing to Prince Harry’s wealth.

prince harry net worth 2023

Inheritances and Trust Funds

Princess Diana, his late mother, left a significant inheritance for Prince Harry and his brother, Prince William. Reportedly, they received $10 million each after taxes, along with annual dividends of $450,000 starting at age 25. Additionally, a trust fund established by their great-grandmother, the Queen Mother, allocated a substantial sum of money, which the brothers accessed at age 21. It’s uncertain if Harry’s status change affected his access to these funds.

Military Salary

Prince Harry served as a helicopter pilot in the Royal Air Force, earning between $50,000 and $53,000. While this income is relatively modest compared to his other revenue streams, it still contributes to his overall net worth.

Leveraging Deals and Partnerships

In 2020, the couple secured a significant contract with Netflix valued at $100 million. The agreement entails producing an array of captivating content, including documentaries, docuseries, scripted shows, feature films, and children’s programming, as reported by Forbes. This collaboration with Netflix has provided the couple with a platform to share their stories and shed light on various topics of interest and those that align with their charitable foundation, Archewell. They also signed a multi-year deal with Spotify worth around $25 million. They started a podcast with Spotify and partnered with other streaming services like AppleTV+ and Disney Plus. These ventures have further bolstered Prince Harry’s net worth.

According to People magazine, their documentary, “Harry & Meghan,” made an impressive impact, breaking Netflix’s documentary record by amassing a remarkable 81.55 million global viewing hours during its debut week. In addition to this documentary, the couple also took on the role of executive producers for another Netflix docuseries titled “Live to Lead.” This captivating series features interviews with esteemed world leaders such as Ruth Bader Ginsburg and Greta Thunberg, offering viewers unique insights and perspectives.

Speaking Engagements and Book Deals

Prince Harry has embarked on speaking engagements through Harry Walker Agency, reportedly earning around $1 million per speech. He also signed a book deal with Penguin Random House for his “Spare” memoir, receiving a $20 million advance. These endeavors, coupled with the support of reputable publishing companies, contribute significantly to his wealth.

How Does Prince Harry Spend His Money?

Prince Harry, being a private individual, does not publicly disclose his finances. However, based on his lifestyle and public engagements, it is possible to speculate on how he might allocate his resources. Here are some potential areas where Prince Harry could allocate his funds:

  • Charitable Donations: Prince Harry is strongly committed to philanthropy and has actively supported various causes, including mental health, veterans’ issues, and environmental conservation. He likely allocates some of his wealth to charitable organizations and initiatives.
  • Property and Travel: Prince Harry and Meghan Markle bought a home in the US. They also travel extensively and spend a lot of their money on it. 
  • Fashion and Personal Care: Prince Harry often wears designer clothing and accessories in public. To maintain his appearance, he may invest in high-quality fashion items and grooming services.
  • Sports and Hobbies: Prince Harry has a passion for sports, particularly polo, and may dedicate funds to support his athletic pursuits, including equipment, training, and tournament participation. He might also indulge in other hobbies, such as music or art, which could involve spending on instruments or supplies.
  • Family Expenses: Prince Harry likely allocates resources to support his family’s well-being as a husband and father. This could include childcare, education, healthcare, and other familial expenses.

It is important to note that these points are based on observations and assumptions, as specific details about Prince Harry’s financial habits are not publicly available.

FAQs on Prince Harry Net Worth 2023

Q. What is Prince Harry’s full name?

A. Prince Harry’s full name is Henry Charles Albert David.

Q. What is Prince Harry’s position in the line of succession to the British throne?

A. Prince Harry is currently fifth in line to the British throne (after his elder brother William and his three children – George, Charlotte, and Louis).

Q. Where was Prince Harry educated?

A. Prince Harry attended Wetherby School, Ludgrove School, and Eton College for his education.

Q. What military training did Prince Harry undergo?

A. Prince Harry underwent officer training at the Royal Military Academy Sandhurst and was commissioned as a cornet into the Blues and Royals.

Q. Has Prince Harry served in the military?

A. Yes, Prince Harry served in the military. He completed training as a troop leader and served in Afghanistan for both short and long deployments.

Q. What are some of Prince Harry’s notable accomplishments?

A. Prince Harry launched the Invictus Games, a sporting event for wounded veterans, in 2014. He is also involved in several charitable organizations, including the HALO Trust and Walking With The Wounded. He initiated the mental health awareness campaign “Heads Together” alongside his brother and sister-in-law in 2016.

Q. When did Prince Harry step down as a working royal?

A. In January 2020, Prince Harry and Meghan Markle announced their decision to step down as working royals.

Q. What is Archewell Inc.?

A. Archewell Inc. is an American public organization founded by Prince Harry and Meghan Markle. It focuses on non-profit activities and creative media ventures.

Q. What is the name of Prince Harry’s memoir?

A. Prince Harry’s memoir is titled “Spare” and was published in 2023.

Q. What legal challenges has Prince Harry faced concerning the media?

A. Prince Harry has been involved in several legal battles with media organizations, including lawsuits against Associated Newspapers Limited (ANL) and News Group Newspapers. He has also made complaints regarding invasion of privacy and defamation.

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