Prince Harry and Meghan Markle Are Doing Just Fine Without Royal Income

Since they announced their shocking departure from the British Royal family at the beginning of 2020, Prince Harry and Meghan Markle have been making headlines as individuals pursuing their own business and charitable interests.

As working royals, Harry and Meghan earned the majority of their income as part of endowments related to their family. Now that they have renounced those roles, the financial stability of their family going forward is wholly falling on their shoulders alone.

So, how exactly do Harry and Meghan make money nowadays? Here's what we know of their personal financial situation.

In the wake of severing ties with the royal family, and effectively their seemingly endless riches, Harry and Meghan were forced to pursue other means of income.

Fortunately for the duo, their international fame coupled with a newfound lack of regulations thanks to their independent status allowed them to accept massive deals with the likes of media giants such as Netflix and Spotify.

According to BBC, Harry and Meghan signed a deal with the music streaming service to produce original content under the label Archwell Audio for the platform.

Although the exact amount of money agreed upon for the deal was never disclosed, it has been reported that Harry and Meghan signed a $25 million multi-year deal with Spotify.

The couple also signed a massive deal with video streaming giant Netflix to produce original content for their service as well. According to The New York Times, the pair received upwards of $100 million for this agreement, a number only ever also achieved by Barack and Michelle Obama in their deal with the same company.

Prior to their renouncement, Harry and Meghan's existence was funded through the likes of The Sovereign Grant and The Duchy of Cornwall, per official records.

The Sovereign Grant paid for the day-to-day royal expenses while The Duchy of Cornwall covered other expenses and salaried amounts.

Following Queen Elizabeth II's death in September 2022, it was speculated whether she left any of her wealth to her estranged grandson.

However, according to royal author Angela Levin, the late queen's wealth — $447 million at the time of her death — went directly to her son, Harry's father King Charles III.

Currently, Prince Harry's independent net worth, according to CelebrityNetWorth, is somewhere around $60 million, a sum accrued through various means such as funds left in a trust for him by his late mother, Princess Diana, as well as his recent endorsement deals.

Before marrying Prince Harry, Meghan's net worth was estimated at $5 million, according to Business Insider. Today, that figure is closer to $60 million as well.

Long story short, Harry and Meghan will be just fine without their old royal income.