US Politics | Meghan Markle and Prince Harry’s net worth explained
PRINCE HARRY and Meghan Markle stepped back as senior members of the royal family in 2020 and re-settled in the USA. Now that Prince Harry and Meghan Markle no-longer receive Royal Family funding, how do they make their money and how much are they estimated to be worth? 
Prince Harry and Meghan Markle will earn their own money What was the Megxit deal the Sussexes made with the Queen? The Queen...s statement discussed the details of Prince Harry and Meghan Markle's new arrangement to step down as working members of the Royal Family. In short: They will stop using their HRH titles \- this does not mean they are stripped of them, but as they no longer represent the Queen they will not use the title They will repay the taxpayers the £2.4million spent on the refurbishments on Frogmore Cottage The couple will keep their patronages and associations, but will now have to funded privately through them They no longer have access to the Sovereign Grant (public money), therefore all expenses will be paid by them Prince Charles will continue to help privately fund the couple This arrangement will be reviewed in a year's time after it comes into affect in spring 2020 How much are Prince Harry and Meghan Markle worth? Prince Harry...s net worth is approximately £53,286,000 as of 2022. In 1994, The Queen Mother put away around £19million into a trust fund for her great grandchildren \- which obviously includes William and Harry. According to The Guardian, the brothers split £6million of this trust at age 21 and Harry took the majority of the money to ...compensate for not becoming sovereign.... And it's only going to get better for the men as when they reach 40 they reportedly get to split another £8million, but the other grandchildren, including Eugenie and Beatrice will get a few million pounds each. As well as funds coming in from their great grandmother, Forbes reported that Princess Diana left her boys nearly £8million after taxes. It was also set up that once Wills and Harry were 25 they started to receive around £340,000 a year. When Harry was a full-time working royal, he received an annual allowance from his dad. In 2018, Charles paid £4.9million to Harry, William and their partners from the Duchy. However, since Harry and Meghan stepped back from being senior royals, they have been financially cut off. Before she tied the knot with Harry, Meghan was worth an estimated £3.5million, thanks to her role in American drama Suits. She pocketed a reported £500,000 pay-check for her role as Rachel Zane in legal drama Suits. Marriage to a royal has certainly boosted her finances though – and her assets: she now has a 91-piece jewellery collection worth £600,000. How will Harry and Meghan earn money after Megxit? The couple have said that they ...value the ability to earn a professional income..., but just how do they envision doing so? In their new website, which talks about their ...new working model..., they have hinted around setting up a charity. The website said: ...The Duke and Duchess of Sussex take great pride in their work and are committed to continuing their charitable endeavours as well as establishing new ones. ...In addition, they value the ability to earn a professional income, which in the current structure they are prohibited from doing. ...For this reason they have made the choice to become members of the royal family with financial independence. ...Their Royal Highnesses feel this new approach will enable them to continue to carry out their duties for Her Majesty the Queen, while having the future financial autonomy to work externally.... BBC royal correspondent Jonny Dymond said: ...There is a problem for members of the Royal Family – relatively senior ones, even if they say they're no longer senior – getting jobs, because they are seen to monetise their brand and you run into a whole host of questions about conflict of interest.... The pair have also struck deals with streaming platforms, Netflix and Spotify. Meghan has an original podcast on Spotify, called Archetypes. The podcast's about section reads: ...We investigate, dissect, and subvert the labels that try to hold women back.... Will Meghan do voiceover work with Disney? Meghan Markle signed a voiceover deal with Disney in return for a donation to a wildlife charity. The Duchess of Sussex did a voiceover in return for a donation to Elephants Without Borders, an organisation that helps to track and protect the animals from poaching. She narrated DisneyNature's ...Elephant... that begun streaming on Disney+ in April 2020. What is the Queen's Sovereign Grant and how much do senior royals get paid? The Sovereign Grant is funding provided to support the official duties of the Queen and to maintain the occupied royal palaces. The total Sovereign Grant for 2021-2 was £86.3million and it covers the costs for travel, security, staff and the upkeep of royal palaces. The Sovereign Grant for 2022-2023 will remain the same as the previous year. According to the Duke and Duchess's official website, they receive just five per cent of their funding from the Sovereign Grant. It also includes a dedicated amount to find the ten-year reservicing of Buckingham Palace. Each person in the UK pays £1.24 per year towards the grant. The Sussex household currently gets an estimated £2million a year from the Queen's Sovereign Grant. MORE ON MEGXIT CUTTING THE PURSE STRINGS Meghan Markle and Prince Harry's net worth explained NO RETURN 5 things that'll never be the same for Meghan & Harry after marriage 4 years ago UNBECOMING TO AMERICA Andrew could move to US & model himself on Harry, says Ingrid Seward MEGXIT CANCELLED Second part of BBC's royal doc renamed 'Sussexit' to appease Prince Harry LADY IN RED Meghan steps out defiantly in red dress with Harry after court showdown MEG-A MOVE Meghan Markle reveals she feels 'much better' after Megxit How rich are the rest of the Royal Family? The Queen made £1.6billion a year and her husband, Prince Philip \- who was born penniless in a kitchen in Corfu \- was worth £51million at the end of his life. Courtesy of the Duchy of Cornwall – the ...private estate... whose revenue goes directly to Charles \- the Queen's eldest son receives an annual income of around £21million. William's personal wealth is understood to be partly thanks to a legacy from his great-grandmother the Queen Mother, who put the bulk of her estimated £70million fortune into a trust fund for her great-grandchildren in 1994, leaving William and his brother Harry with around £14million between them. Kate Middleton is worth £8.8million and her private wealth is boosted by the many ...freebies... gifted to the royal couple, from villas on the Caribbean island of Mustique to ski chalets.
Prince Harry and Meghan Markle will earn their own money What was the Megxit deal the Sussexes made with the Queen? The Queen...s statement discussed the details of Prince Harry and Meghan Markle's new arrangement to step down as working members of the Royal Family. In short: They will stop using their HRH titles \- this does not mean they are stripped of them, but as they no longer represent the Queen they will not use the title They will repay the taxpayers the £2.4million spent on the refurbishments on Frogmore Cottage The couple will keep their patronages and associations, but will now have to funded privately through them They no longer have access to the Sovereign Grant (public money), therefore all expenses will be paid by them Prince Charles will continue to help privately fund the couple This arrangement will be reviewed in a year's time after it comes into affect in spring 2020 How much are Prince Harry and Meghan Markle worth? Prince Harry...s net worth is approximately £53,286,000 as of 2022. In 1994, The Queen Mother put away around £19million into a trust fund for her great grandchildren \- which obviously includes William and Harry. According to The Guardian, the brothers split £6million of this trust at age 21 and Harry took the majority of the money to ...compensate for not becoming sovereign.... And it's only going to get better for the men as when they reach 40 they reportedly get to split another £8million, but the other grandchildren, including Eugenie and Beatrice will get a few million pounds each. As well as funds coming in from their great grandmother, Forbes reported that Princess Diana left her boys nearly £8million after taxes. It was also set up that once Wills and Harry were 25 they started to receive around £340,000 a year. When Harry was a full-time working royal, he received an annual allowance from his dad. In 2018, Charles paid £4.9million to Harry, William and their partners from the Duchy. However, since Harry and Meghan stepped back from being senior royals, they have been financially cut off. Before she tied the knot with Harry, Meghan was worth an estimated £3.5million, thanks to her role in American drama Suits. She pocketed a reported £500,000 pay-check for her role as Rachel Zane in legal drama Suits. Marriage to a royal has certainly boosted her finances though – and her assets: she now has a 91-piece jewellery collection worth £600,000. How will Harry and Meghan earn money after Megxit? The couple have said that they ...value the ability to earn a professional income..., but just how do they envision doing so? In their new website, which talks about their ...new working model..., they have hinted around setting up a charity. The website said: ...The Duke and Duchess of Sussex take great pride in their work and are committed to continuing their charitable endeavours as well as establishing new ones. ...In addition, they value the ability to earn a professional income, which in the current structure they are prohibited from doing. ...For this reason they have made the choice to become members of the royal family with financial independence. ...Their Royal Highnesses feel this new approach will enable them to continue to carry out their duties for Her Majesty the Queen, while having the future financial autonomy to work externally.... BBC royal correspondent Jonny Dymond said: ...There is a problem for members of the Royal Family – relatively senior ones, even if they say they're no longer senior – getting jobs, because they are seen to monetise their brand and you run into a whole host of questions about conflict of interest.... The pair have also struck deals with streaming platforms, Netflix and Spotify. Meghan has an original podcast on Spotify, called Archetypes. The podcast's about section reads: ...We investigate, dissect, and subvert the labels that try to hold women back.... Will Meghan do voiceover work with Disney? Meghan Markle signed a voiceover deal with Disney in return for a donation to a wildlife charity. The Duchess of Sussex did a voiceover in return for a donation to Elephants Without Borders, an organisation that helps to track and protect the animals from poaching. She narrated DisneyNature's ...Elephant... that begun streaming on Disney+ in April 2020. What is the Queen's Sovereign Grant and how much do senior royals get paid? The Sovereign Grant is funding provided to support the official duties of the Queen and to maintain the occupied royal palaces. The total Sovereign Grant for 2021-2 was £86.3million and it covers the costs for travel, security, staff and the upkeep of royal palaces. The Sovereign Grant for 2022-2023 will remain the same as the previous year. According to the Duke and Duchess's official website, they receive just five per cent of their funding from the Sovereign Grant. It also includes a dedicated amount to find the ten-year reservicing of Buckingham Palace. Each person in the UK pays £1.24 per year towards the grant. The Sussex household currently gets an estimated £2million a year from the Queen's Sovereign Grant. MORE ON MEGXIT CUTTING THE PURSE STRINGS Meghan Markle and Prince Harry's net worth explained NO RETURN 5 things that'll never be the same for Meghan & Harry after marriage 4 years ago UNBECOMING TO AMERICA Andrew could move to US & model himself on Harry, says Ingrid Seward MEGXIT CANCELLED Second part of BBC's royal doc renamed 'Sussexit' to appease Prince Harry LADY IN RED Meghan steps out defiantly in red dress with Harry after court showdown MEG-A MOVE Meghan Markle reveals she feels 'much better' after Megxit How rich are the rest of the Royal Family? The Queen made £1.6billion a year and her husband, Prince Philip \- who was born penniless in a kitchen in Corfu \- was worth £51million at the end of his life. Courtesy of the Duchy of Cornwall – the ...private estate... whose revenue goes directly to Charles \- the Queen's eldest son receives an annual income of around £21million. William's personal wealth is understood to be partly thanks to a legacy from his great-grandmother the Queen Mother, who put the bulk of her estimated £70million fortune into a trust fund for her great-grandchildren in 1994, leaving William and his brother Harry with around £14million between them. Kate Middleton is worth £8.8million and her private wealth is boosted by the many ...freebies... gifted to the royal couple, from villas on the Caribbean island of Mustique to ski chalets.
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