Prince Harry's Net Worth: How He Accumulated $60 Million

Prince Harry's Net Worth: How He Accumulated $60 Million.

What is Prince Harry's net worth?

Prince Harry, a member of the British royal family, has a net worth of around $60 million. He is the son of King Charles and the late Princess Diana. His grandparents are the late Queen Elizabeth II and Prince Philip, Duke of Edinburgh. After their grandmother passed away in September 2022, Harry's older brother, Prince William, became the next in line for the throne.

Born on September 15, 1984, Harry faced tragedy early in life when his mother died in a car accident while being pursued by paparazzi when he was just 12. This experience led to his long-standing dislike of the media. Throughout his younger years, he often found himself in confrontations with photographers.

Prince Harry Discuses the ups and downs of his turbulent life in the book "Spare".

During his high school years, Harry earned a reputation as a party-loving guy, getting caught smoking weed and drinking at 16. In an attempt to set him straight, his father sent him to the Featherstone Lodge Rehabilitation Center in South London for a day in January 2002.

Harry served a decade in the Royal Air Force, including two tours in Afghanistan, before retiring from active duty in 2015.

Before stepping back from royal duties in 2020, most of Harry's $30 million net worth came from a trust fund established by his mother, Diana. When he turned 25, he began receiving annual dividends from investments tied to her estate, totaling about $450,000 each year. By the time he was 30, he inherited half of his mother's fortune, estimated at $17 million, along with valuable jewelry.

Harry, being a royal, doesn’t have to shell out his own cash for his lifestyle. The Duchy of Cornwall covers his travel, clothes, staff, and everyday costs. He also gets half of a $4.7 million allowance, with Prince William and Kate getting the other half.

When their great-grandmother passed away in 2002, both William and Harry received several million dollars each.

After stepping back from royal duties, Harry and Meghan Markle landed around $120 million in production deals, mainly with Netflix and Spotify. Harry even teamed up with Oprah Winfrey to create a mental health series for Apple TV+.

They felt it was necessary to pursue these deals after being financially cut off from his family in England. Back in the day, Harry's dad was spending about $4 million a year on staff and security for him.

What Is Prince Harry's Last Name?

The quick answer is that as long as he holds the title "His Royal Highness," Prince Harry doesn’t have a last name. His kids go by "Mountbatten-Windsor," and during his time in the army, he casually used "Captain Harry Wales."

Members of the British Royal Family typically don’t have last names. Specifically, those with the "His/Her Royal Highness" title, like monarchs, princes, and princesses, are without last names. For Harry, his full name listed on his kids' birth certificates under "Father" is:

"His Royal Highness Henry Charles Albert David Duke of Sussex."

Also, just so you know, his job title on those certificates is "Prince of the United Kingdom."

Interestingly, as of now, Harry's kids haven’t been given the "HRH" title, so they actually do have last names. Thanks to a royal decree from Queen Elizabeth in 1960, all royal family members who aren’t "HRH" use the last name "Mountbatten-Windsor." That’s why Harry and Meghan’s kids are named "Archie Harrison Mountbatten-Windsor" and "Lilibet Diana Mountbatten-Windsor."

So why "Mountbatten-Windsor"? It’s a blend of two family names. Windsor comes from the name chosen by Elizabeth's grandfather, George V, for his non-HRH descendants, while Mountbatten is from Prince Philip's maternal grandparents.

RELATED: Meghan Markle's Net Worth: $60 Million in 2024.

Early Life

He came into the world as Henry Charles Albert David on September 15, 1984, in Paddington, London, UK. Royal family members don’t use last names. Prince Harry's parents split up in 1992, but their divorce didn’t wrap up until 1996. Sadly, Princess Diana lost her life in a car crash in Paris the next year. At that time, Prince William was 15 and Prince Harry was just 12.

Military Career

Prince Harry has faced his fair share of media scrutiny, but he turned things around in 2005 by enrolling in the Royal Military Academy Sandhurst. He became part of the Alamein Company and completed his officer training, eventually being commissioned as a Comet (second lieutenant) in the Blues and Royals, which is part of the Household Cavalry in the British Army. By 2008, he had moved up to lieutenant. In 2007, he was set to be deployed to Iraq, a decision he fully supported, stating, "There's no way I'm going to put myself through Sandhurst and then sit on my arse back home while my boys are out fighting for their country."

However, he didn't end up serving in Iraq because General Sir Richard Dannatt, the head of the British Army at the time, was concerned he would be a 'high dollar target.' While in the military, he went by "Lieutenant Harry Wales" and earned around $50,000 a year.

Partying

Harry has always had a lively personality, making him one of the most beloved royals in Britain and beyond. However, there was a period when things got a bit out of hand for him. Back in 2005, he made headlines for all the wrong reasons when photos of him dressed in a Nazi costume at a friend's birthday bash came to light. He quickly issued an apology, acknowledging his poor judgment, but it took a while for the controversy to fade away.

Fast forward to August 2012, and Harry found out the hard way that what happens in Vegas definitely doesn’t stay there. TMZ got hold of some wild photos of him in Las Vegas, completely naked and having a blast with two other naked women during a game of strip billiards. What was meant to be a chill trip after the London Olympics turned into a media circus instead, just as he was gearing up to return to his role as an Apache Attack helicopter pilot.

Philanthropy

Growing up as Diana's son, Harry was instilled with a strong sense of charity. Diana, known as the people's princess, was a huge supporter of various causes, especially those focused on AIDS awareness. Harry has carried on that legacy, getting involved with multiple charities, particularly those that assist veterans. In 2014, he launched the Invictus Games, a sporting event for wounded, injured, or sick service members and their veterans, featuring sports like wheelchair basketball and sitting volleyball.

In 2017, Harry and Meghan Markle teamed up with Elephants Without Borders and also set up their own charity, initially called the Sussex Royal Foundation of The Duke and Duchess of Sussex, which was later renamed Archewell in April 2020. Archewell serves as their base for creative media projects.

Personal Life

Prince Harry tied the knot with Meghan Markle in 2018, and soon after, they shared the exciting news that they were expecting their first child. In May 2019, Meghan welcomed their son Archie, who is now seventh in line for the British throne. Then in June 2021, they added a daughter named Lilibet to their family. Harry is also a godfather to five or six kids in total.

In January 2023, Harry dropped his memoir "Spare," which reportedly earned him an advance of at least $20 million. This book kicks off a four-book deal for both Harry and Meghan. He mentioned that $1.5 million from the book's earnings would go to the charity Sentebale, with an additional $380,000 directed to WellChild.

The Diana Trust Fund

When Diana and Charles split, he gave her a $24 million settlement, which is roughly equivalent to about $40 million today when you factor in inflation. After she passed away, that money was placed in a trust for William and Harry, which they would inherit on their 25th birthdays. By the time they turned 30, the trust had grown enough that each son received $20 million.

Sadly for Harry, he won't benefit from the Duchy of Cornwall trust, which has made his father very wealthy and will eventually do the same for William.

This trust was set up back in 1337 by King Edward III to support the heir to the British throne. Nowadays, the Duchy boasts a real estate portfolio worth $1.3 billion, generating $20-30 million in after-tax income annually for the Crown Prince. Throughout Queen Elizabeth's reign, Charles enjoyed the income from this trust, and now that he’s king, it’s William’s turn.

Real Estate

After deciding to step back from royal duties, Harry and Meghan spent some time in Canada before moving to Southern California, where they lived for a while in a house owned by Tyler Perry. In August 2020, it was revealed that they bought a home in Montecito, California, for $14.7 million, financing it with a $10 million mortgage and a $5 million cash down payment.

In June 2023, it was reported that Harry and Meghan officially vacated Frogmore Cottage, a gift from Queen Elizabeth after their wedding, following King Charles's request for them to move out earlier that year.

Netflix Deal

On September 2, 2020, it was announced that Harry and Meghan had signed a five-year "mega deal" with Netflix. Through this agreement, they plan to launch a production company to create scripted shows, documentaries, and children's content. Reports suggest the deal could be worth up to $150 million.

Spotify Deal

Back in December 2020, it was revealed that Harry and Meghan inked a three-year podcasting contract with Spotify, which was valued at $18 million.

Prince Harry has built an impressive net worth of $60 million, thanks to a combination of royal inheritance, lucrative deals, and personal ventures. From his time in the military to his successful business ventures with Meghan Markle, including deals with Netflix and Spotify, Harry has diversified his income streams.

His philanthropic efforts, especially through initiatives like the Invictus Games and Archewell, further demonstrate his commitment to giving back. While his life has been marked by challenges, Prince Harry continues to thrive financially, making meaningful contributions to both his family and society. His future remains promising, with many opportunities ahead.