Prince Harry and Meghan Markle told American talk-show host Oprah Winfrey that they were cut off financially by Britain’s royal family when they stepped down from their royal duties last year and gave up their royal patronages. Since then, Harry said, they have relied on the inheritance his mother, Princess Diana, left to him.
“I have what my mum left me and without that we wouldn’t have been able to do this,” Harry told Oprah, referring to the couple’s move to the US, called Megxit by royal watchers. “It’s like she saw it coming and she’s been with us through this whole process,” he said.
Also read: As racist royal allegations swirl, implications for Charles and Britain’s monarchy
Princess Diana died at 36 in a car crash in 1997, when Harry was 12. Her net worth at the time was 22 million pounds ($30M), with a 17-million-pound ($23.5M) settlement from her divorce from Prince Charles the previous year making up a major part of it.
After accounting for what she willed to beneficiaries like her butler Paul Burell and her godchildren, and a large inheritance tax, about 13 million pounds ($18M) were left to be divided between her two sons William and Harry, to be accessed fully when they turned 30, reports the Independent, quoting the Press Association.
In 2014, Harry inherited about 10M pounds ($13M), which has likely grown to more than half of his reported net worth of $40M. He also inherited 7M pounds ($9.7M) from his great-grandmother, Queen Elizabeth’s mother, who died in 2002.
Until 2020, Harry’s father, Prince Charles paid for expenses associated with the Sussexes’ royal duties through the Duchy of Cornwall. The expenses were estimated by Forbes at around $800,000 a year.
When she married Harry, Meghan reportedly had $5m in earnings from acting. She reportedly earned more than $50,000 per episode for her role in USA Network’s ‘Suits’ and also roles in “90210,” “CSI: Miami” and “Horrible Bosses.”
The couple has signed a five-year, $100 million contract with Netflix to produce documentaries, feature films, scripted shows and children’s programmes. Also a three-year podcasting deal with music streaming app Spotify. The deal is reportedly worth about $12 to 15 million.
According to the Wall Street Journal, CBS paid a license fee of between $7 million and $9 million for the rights to air the Oprah Winfrey interview aired on March 7. Harry and Meghan were not paid for the interview.