Prince Harry, also known as the Duke of Sussex, has lived a life in the spotlight, but his financial journey has remained a subject of curiosity. In this blog, we will explore Prince Harry’s net worth, shedding light on the various factors that have contributed to his wealth.
1. Royal Inheritance: A Solid Foundation
Prince Harry was born on September 15, 1984, to Prince Charles and Princess Diana. Following his mother’s tragic demise in 1997, he and his brother, Prince William, inherited a significant portion of her estate. This inheritance included assets such as cash, stocks, and other investments, providing Prince Harry with a solid financial foundation from a young age.
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2. Financial Support as a Royal: Funding from the Duchy of Cornwall
As a member of the British royal family, Prince Harry received financial support from the Duchy of Cornwall. This funding covered not only his official royal duties but also his security and personal expenses. However, it’s essential to note that this source of income changed after he and Meghan Markle decided to step back from their senior royal roles in early 2020.
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3. Financial Independence: Venturing into New Territories
Prince Harry and Meghan Markle’s decision to step back as senior members of the royal family came with the desire for financial independence. They sought to create their own income streams and explore new opportunities.
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4. Lucrative Deals: Netflix, Spotify, and More
One of the most notable steps towards financial independence was the couple’s multi-million dollar deals with streaming giant Netflix and audio streaming platform Spotify.
- Netflix Deal: The Netflix deal, inked in September 2020, is estimated to be worth approximately $100 million. It entails producing documentaries, docu-series, feature films, and scripted television shows that shed light on important social issues and topics they are passionate about.
- Spotify Podcast Deal: The Spotify deal, signed around the same time, is reportedly worth around $25 million. Their podcast, “Archewell Audio,” covers a range of topics, including mental health, gender equity, and societal challenges.
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5. Publishing Ventures and Charitable Initiatives
Meghan Markle, with Prince Harry’s support, ventured into the world of book publishing, announcing a deal with Penguin Random House to write a children’s book titled “The Bench.”
In addition to their commercial endeavors, the couple remains dedicated to philanthropic work through their Archewell Foundation. This non-profit organization focuses on various charitable causes, including mental health, gender equality, and support for veterans.
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6. Real Estate Investments: Montecito Mansion
Prince Harry and Meghan Markle purchased a luxurious home in Montecito, California, estimated to be worth around $14.7 million. They have invested in renovating and enhancing the property to align with their sustainability goals.
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Conclusion:
Prince Harry’s net worth has seen a significant evolution, reflecting his transition from a royal receiving financial support to an individual building his own wealth and legacy. His ventures into media, publishing, and philanthropy have not only contributed to his financial success but also reinforced his commitment to making a positive impact on the world. Prince Harry’s financial journey continues to evolve, as he and Meghan Markle shape their unique path outside of traditional royal roles.
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