Meghan Markle and Prince Harry Are Worth Millions

Erica Gonzales, Amy Mackelden
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From Harper's BAZAAR

When it comes to the royal family, money isn't in short supply. Indeed, Forbes estimated in 2017 the family as a whole is worth $88 billion, and in 2019 reported that the queen's net worth alone was estimated at $500 million. But how much are the other royals—like Prince Harry, Duchess Meghan, Prince William, and Duchess Kate—worth individually?

The answer isn't easy to find, and it might be harder to calculate now that Harry and Meghan want to change their positions within the monarchy. The Duke and Duchess of Sussex announced yesterday that they're stepping back as senior members of the royal family and that they'll "work to become financially independent while continuing to fully support" the queen. That means they plan to cut the financial tie of the Sovereign Grant, the funds that support the queen's official duties and royal palaces, and possibly support themselves through jobs.

It's unclear if that decision will affect their wealth. But here's what we know so far about how much Meghan, Harry, Kate, and William are worth.

Meghan's wealth stems from her former career.

Forbes reported in May 2019 that Meghan's net worth is $2.2 million based on the salary she earned from acting on the USA television show Suits. Starring as paralegal Rachel Zane, the duchess earned an estimated average of $57,500 per episode. Money, however, estimated in 2018 that the duchess was worth $5 million. Prior to marrying Harry, she also appeared in movies like Remember Me and ran her own lifestyle blog, The Tig.

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Harry is as rich as his brother.

Harry is estimated to be worth between $25 million and $40 million, Money reported in May 2019. His net worth is about the same as his brother Prince William's, given their similar sources of wealth and income.

Both siblings inherited money from their mom, Princess Diana, and from the Queen Mother, their great-grandmother. (It was even reported that Harry inherited a bit more than William from their great-grandmother because he isn't the future king.) According to Forbes, Princess Diana passed down $10 million to her sons, which they received as annual dividends worth about $450,000 per year. They received the full sums when they turned 30.

Harry's and William's incomes stem from the Duchy of Cornwall, which is where their father, Prince Charles, also earns his money. Forbes reported last year that the duchy's net assets are worth $1.3 billion, but it supports Charles, his wife, his sons, and their growing families.

Like other working royals, Harry and Meghan benefited from the Sovereign Grant, but it covered only 5 percent of their costs and was used only for office expenses. The duke and duchess "prefer to release this financial tie" as they scale back their roles in the monarchy, they announced on their website. Harry also earned a salary from his time as a British Army captain, where Town & Country reported he made around $50,000 per year.

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Kate Middleton is independently wealthy.

Per Money, the Duchess of Cambridge has an estimated wealth in the region of $7 million to $10 million. Rather than becoming wealthy upon marrying into the royal family in 2011, Kate had already amassed her fortune, mainly thanks to her family's lucrative business, Party Pieces.

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Prince William is worth a lot more than Kate.

William is said to be worth around $40 million, according to Money. Like his younger brother, the future king inherited large sums of money from his mother, Princess Diana, and from his great-grandmother, the Queen Mother. For several years, William was a helicopter pilot in the RAF Search and Rescue Force, where he reportedly earned around $70,000 per annum. He also gets his income from the Duchy of Cornwall and benefits from the Sovereign Grant, which helps to fund the royal family's expenses.

Photo credit: Chris Jackson - Getty Images

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