Prince Harry fought in Afghanistan and later used money left to him by Princess Diana to start a new life in America with Meghan Markle.
The Duke and Duchess of Sussex stepped down from royal obligations at the end of March 2020, putting Harry, for the first time in his life, at risk of financial ruin.
They soon established themselves, though, and now have a major Netflix deal, a Spotify podcast, and a nine-bedroom property in Montecito.
After Harry utilized the millions given to him by Princess Diana to help them get set up in California after they stepped down from royal duties, they received some aid from a very special individual.
Henry Charles Albert David was born in Paddington, London, on September 15, 1984. The royal family does not have surnames. Prince Harry’s parents divorced in 1992. Their divorce did not become final until 1996. Princess Diana died tragically in a vehicle accident in Paris the following year. Prince Harry was 12, and Prince William was 15.
Despite receiving some poor press, Prince Harry redeemed himself in 2005 when he enrolled at the Royal Military Academy Sandhurst. He joined the Alamein Company and completed officer training before being commissioned as a Comet (second lieutenant) in the Blues and Royals, the British Army’s Household Cavalry unit. He was promoted to Lieutenant in 2008.
“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,” Prince Harry said. Harry would not serve in Iraq because General Sir Richard Dannatt, the British Army’s commander at the time, felt he would be a ‘high dollar target.’ Prince Harry wore the uniform of “Lieutenant Harry Wales” throughout his military service.
Prince Harry’s Net Worth
The value of a person’s assets is used to calculate net worth, although this becomes more problematic for members of the royal family.
Many of Queen Elizabeth II’s and her relatives’ most opulent houses are kept in trust on behalf of the people rather than being owned outright by them.
This is true of Harry and Meghan’s time in the United Kingdom when they resided at Nottingham Cottage in Kensington Palace, which is part of the Crown Estate.
They then moved to Frogmore Cottage, which is part of the Crown Estate and is held in trust for the public by the Queen.
Because they were a gift from a foreign head of state, even the chandelier earrings given to Meghan by Saudi Arabia Crown Prince Mohammed bin Salman as a wedding present are considered crown property.
Prince Harry and Meghan Markle, on the other hand, have collected one very valuable asset since leaving the royal service: their $14.7 million property in Montecito, Santa Barbara.
According to public records obtained by Newsweek, the couple put up $5.2 million in cash and secured a $9.5 million mortgage with a 2.49 percent interest rate over 30 years.
The prince holds Diana’s sapphire and diamond engagement ring, which he gave to his brother Prince William to give to Kate Middleton.
Because Harry and Meghan have always been secretive about the exact amounts they’ve been paid for deals like Netflix, Spotify, and their book publishers, calculating their net worth is tough.
Experts tell Newsweek that the real money could lay in the couple expanding their investment portfolio through start-ups like Clevr Blends.
“My opinion is they’ll be the $10 billion royal couple,” Professor Johnathan Shalit, founder of the InterTalent Rights Group in the United Kingdom, told Newsweek earlier. I’ll tell you why: the way to become a multibillionaire is to get in early before the stock market goes crazy.
“Many entrepreneurs and businesses will won’t Meghan and Harry to be associated with their product in order to attract new investors and shareholders.
“They’re like a storefront for investors.” Meghan will open doors for her companions, allowing them to earn more money.
“If you come in at the proper time and get shares and equity, you might wind up being worth billions.” When I mention $10 billion, I’m referring to a projected amount. It could take a decade.”
Prince Harry was a wild adolescent who was frequently featured in newspapers for his after-hours exploits. After enlisting at the Royal Military Academy Sandhurst and joining the Alamein Company to complete his officer training, he regained his princely esteem with the public.
Following his training, he was sent to a regiment of the Household Cavalry of the British Army known as the “Blues and Royals.” After his deployment to Iraq in 2007, he was promoted to lieutenant in 2008.
Prince Harry’s work habits and personal qualities
Harry comes from a wealthy and regal background. He is, nevertheless, known for maintaining a level head and keeping in touch with the British population.
He notably stated that he would not undertake military training unless he was prepared to fight alongside other British troops in the Iraq war. During his deployment, Harry was rarely in action or in danger, but he did get to fly a combat chopper.
Diana’s Trust Fund
When Diana and Charles divorced, he settled for $24 million. After inflation, that’s roughly $40 million now. Following her death, the funds were placed in trust for William and Harry to inherit on their 25th birthdays. By the time they were both 30, the trust had grown in value to the point where each son would inherit $20 million.
Unfortunately for Harry, the Duchy of Cornwall, which has made his father immensely wealthy and will eventually make William exceedingly wealthy, will not help him.
In 1337, King Edward III established a trust to assist the British heir apparent. The Duchy now has a $1.3 billion real estate portfolio that generates $20-30 million in after-tax income for the Crown Prince every year. The income will go to Harry’s father Charles as long as Queen Elizabeth is on the throne. William will benefit when Charles becomes King.
How Rich Is Prince Harry?
Prince Harry is a member of the Royal family and has a stated net worth of $60 million. He is married to actress Meghan Markle, who has her own fortune, making the couple one of the world’s wealthiest.