Prince Harry and Meghan Markle’s anniversary is coming up on May 19th. They got married in 2018 in St. George’s Chapel at Windsor Castle. Now that they’ve been married for four years, you may be wondering what this power couple’s combined net worth is.
Prince Harry and his wife Meghan dominated headlines when they exited the royal family in March 2020. Since they decided to permanently step back from their duties as working royals, they were cut off financially and had to support themselves for the first time. But thanks to some lucrative media deals, they were able to land on their feet and grow their wealth substantially.
Here’s everything you need to know and Prince Harry and Meghan Markle’s net worth in 2022.
Prince Harry and Meghan Markle’s Anniversary Net Worth Update
Prince Harry and Meghan Markle Were Both Wealthy Before Marriage
Prince Harry and Meghan Markle were both independently wealthy before they tied the knot. Prince Harry reportedly came into the marriage with a net worth of $20 million. Most of his wealth came from a trust fund from the estate of his mother Princess Diana.
Although Meghan Markle’s net worth was less than Prince Harry’s, she still held her own financially. She entered the marriage with about $5 million of assets from her successful career as an actress and influencer. Markle’s acting career had a slow start but gained speed as time went on. She landed her first role on the hit soap opera General Hospital in 2002.
For the next few years, she modeled and took on small acting jobs like a two-episode stint in the hit show Fringe. Markle was even a briefcase model on the popular game show Deal or No Deal for a while.
In 2011, Markle finally got her big break. She landed the role of Rachel Zane in Suits, which she played for seven seasons. It’s believed she earned about $50,000 per episode, which added up to $450,000 per year in income. She also earns residuals from the show, and the checks were big enough to help cover the down payment on the couple’s multi-million dollar mansion in Montecito, California.
In 2014, Markle created a lifestyle blog called The Tig. Through her new career as a blogger and influencer, Markle brought in an extra $80,000 per year. She also partnered with Canadian retailer Reitmans to launch her own fashion line, which helped her bring in additional income and grow her net worth to $5 million.
How Leaving the Royal Family Affected Their Finances
Prince Harry and Meghan’s healthy net worth was the only reason they were able to leave the financial comfort and security of the royal family. As a working royal, Harry received free security, free accommodation, and a $5 million annual payout from his father’s Duchy of Cornwall estate. After they left the royal family, their security detail and all their other financial perks were taken away. So they had to use their assets to cover their multi-million dollar living expenses until they found a way to generate income on their own.
Harry’s father reportedly gave the couple some money to ease the transition to their new independent life. But it probably wouldn’t have covered their expenses for long considering how high they are. The couple’s security detail alone runs them about $4.4 million per year. Not to mention the mortgage payments they owe on the Montecito mansion they bought for $14.7 million. Although they seemed rich on paper, they would’ve run out of money pretty quickly if they couldn’t generate income and had to rely on their assets to fund their lifestyle.
They’re Better Off Now Thanks to Lucrative Media Deals
But luckily the power couple was able to use their fame to secure content creation deals with Netflix and Spotify. They agreed to produce a range of programming for Netflix including children’s shows and documentaries in exchange for a cool $100 million. However, some sources say their lucrative Netflix deal could be worth even more—up to $240 million. Prince Harry and Meghan also signed a three-year podcasting deal with Spotify for $18 million.
Since these deals are multi-year arrangements, the money obviously didn’t hit Harry and Meghan’s bank account all at once. But it’s estimated that the couple now has a net worth in the $40 million range. That figure will most likely grow once they finish out their contracts with Spotify and Netflix and keep pursuing new business opportunities.
Prince Harry and Meghan Markle’s anniversary is a great time to reflect on the couple’s net worth and financial success so far. The couple wasn’t happy with their life as working royals. In 2020, they made the admirable yet scary decision to separate from the royal family.
Since then they’ve been able to forge their own path and land content creation deals with Netflix and Spotify. Their combined net worth has grown from $25 million at the time of their marriage to $40 million today with more money likely on the way. The fact that Meghan and Harry were able to grow their wealth to new heights after exiting the royal family is pretty inspirational. Their success goes to show that taking a leap of faith can pay off both personally and financially.
What do you think of Prince Harry and Meghan Markle’s net worth and decision to leave the royal family? Share your thoughts in the comments section below!
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Vicky Monroe is a freelance personal finance and lifestyle writer. When she’s not busy writing about her favorite money saving hacks or tinkering with her budget spreadsheets, she likes to travel, garden, and cook healthy vegetarian meals.