Fans of the royal family have been interested in Prince Harry’s fortune for a long time. The couple’s choice to distance themselves from the British royal family and relocate from London to North America in January 2020 further added to the intrigue. The Duchess of Sussex is married to American actress Meghan Markle.
After “many months of reflection and internal talks,” Meghan and Harry announced on Instagram that they would leave their positions as the Duke and Duchess of Sussex. While we will always be there for Her Majesty the Queen, we plan to step back as “senior” members of the Royal Family and establish our independent financial footing.
Your support over the years has been essential in getting us to this point of confidence in making this change. In this section, we expand upon Prince Harry’s personal life and give facts regarding his net worth in 2023. Let’s go ahead and scroll down to read the entire story.
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Prince Harry Net Worth 2023
The Duke of Sussex, or Prince Harry, is a member of the British royal family who has received a great deal of media attention for both his charitable efforts and his private life. In 2023, Prince Harry is expected to have amassed a fortune of about $40 million. However, it is essential to remember that much of his wealth was passed down to him by his late mother, Princess Diana.
Prince Harry and his wife, Meghan Markle, have made headlines in recent years for their decision to leave the United Kingdom and settle in the United States. In addition to making films and writing a biography, he has dabbled in many other commercial enterprises. Prince Harry has been open about the difficulties he has faced in his personal life, such as his battles with mental illness and his fraught relationship with the media, despite his privileged background.
Prince Harry’s Personal Life
Prince Harry has been under the media’s scrutiny since his birth, and despite his best efforts to maintain his privacy, his private life has long been available information. Prince Harry imitated his older brother William in many respects, including enrolling at and graduating from the elite Eton College in 2003.
He also followed his brother into military service. During his ten years of service in the British Army (2005-2015), which included two deployments to Afghanistan, Prince Harry was injured twice. Following a lengthy military career in his early twenties, Prince Harry founded the Invictus Games in 2014 as an adaptive sports competition for wounded, ill, or injured service members and veterans worldwide.
The engagement rumors were fanned when photographers caught Prince Harry and his future wife, Meghan Markle, attending the 2017 Invictus Games hand in hand. Around six months after their historic engagement announcement on November 27, 2017, the couple tied the knot at St. George’s Chapel in Windsor Castle on May 19, 2018.
Prince Harry’s relationship with Meghan Markle was not his first high-profile love affair. The Prince was previously linked to Chelsy Davy, the daughter of a wealthy South African businessman, a native of Zimbabwe. There are rumors that he dated Cressida Bonas, the granddaughter of the 6th Lord Howe.
How Much Money Did Prince Harry Inherit?
Queen Elizabeth (the Queen Mother) created a trust fund in the ’90s to provide for her great-grandchildren. Prince William and Prince Harry received approximately £6 million (roughly $7.8 million), of which they shared the first half when they turned 21. According to The Guardian, Harry used much of his wealth to “compensate for not becoming sovereign.”
When Prince Harry is 40, they will divide another dividend evenly between them. The second payment is expected to be around $10 million (£8 million), although we have little hope that Prince William would be quite so generous the second time.
Diana also left a substantial sum of money to her two kids. The princely couple established a trust fund worth $10 million (after taxes) for their sons, Prince William and Royal Harry, from which they began receiving dividends upon reaching the age of 25. According to Forbes, the value of the annual payments is roughly $450,000.
Does He Have a Salary?
While Prince Harry served in the military, he was entitled to a wage. Forbes estimates he made between $50,000 and $53,000 yearly as a helicopter pilot. We wouldn’t be surprised if it went into savings, given that he theoretically had no expenses.
Just like other members of the royal family, Prince Harry used to get paid for being a royal. The Sovereign Grant, a one-time payment from the government to the monarch, accounted for 5% of his total income.
The remaining 95% came from the Duchy of Cornwall, a privately-run estate under the supervision of Prince Harry’s father, King Charles. Considering that the Sovereign Grant brought in £49.3 million (about $64.3 million) in the 2018-2019 fiscal year, we assume the amount is quite generous.
Final Lines
Prince Harry’s wealth reflects his wide range of interests and activities, from charities and mental health awareness to the entertainment industry. Although he has abandoned his royal duties, he has established himself as a wealthy businessman and an outspoken supporter of the causes he believes in. Prince Harry has proven to be strong and motivated, committed to making a positive difference in the world, despite whatever problems or challenges he may have experienced.
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