The sports category has moved to a new website.

Prince Harry and Meghan Markle want to become 'financially independent,' but they're already worth about $30 million — and none of that money belongs to the crown

Chris Jackson - WPA Pool/Getty Images

Along with Prince William and Kate Middleton, Harry receives an annual seven-figure allowance from his father, heir to the throne Prince Charles, which is used to cover expenses like travel and wardrobe.
  • Prince Harry and Meghan Markle just announced they will be withdrawing from "senior" royal duties and intend "to become financially independent."
  • This means they will no longer receive money from the crown through the "sovereign grant" and they will both be eligible to earn a professional income.
  • When the couple got married in 2018, however, they forewent a prenuptial agreement and merged their finances, which totaled a collective $30 million.
  • Prince Harry's net worth is at least $25 million, which is made up of an inheritance from Princess Diana and an annual allowance from Prince Charles.
  • Markle, a former TV actress, has a net worth around $5 million.

Prince Harry and Meghan Markle announced they are working to become "financially independent" and will be taking a "step back" from the royal family in a statement shared on their official website and via Instagram post on Wednesday.

While the couple will continue "to fully support Her Majesty The Queen," they will no longer receive money from the "sovereign grant" provided by the treasury and they will be free to work professionally.

So, their lifestyle will effectively no longer be maintained by the crown but that doesn't mean they don't already have financing separate from it.

ADVERTISEMENT

Before marrying Prince Harry, Markle was was earning close to half a million dollars a year starring in the USA Network drama "Suits," plus a five-figure income from endorsement deals and sponsorships. Money.com reported in 2018 that her total net worth was estimated to be $5 million.

Their combined net worth, however, is more than five times that. Prince Harry's net worth is at least $25 million (19 million) and as much as $40 million (30 million), according to 2018 estimates from Money.com.

Here's where all that money comes from.

See Also:

ADVERTISEMENT

SEE ALSO: Here's how much money Meghan Markle and Prince Harry could need to maintain their lavish lifestyle if they plan on becoming 'financially independent'

DON'T MISS: Meghan Markle and Prince Harry just revealed they're planning to take a 'step back' from the royal family and split time between the UK and North America. Here's where all the most prominent royals live.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

African countries with the highest divorce rate

African countries with the highest divorce rate

10 African cities with the highest crime index at the start of 2024

10 African cities with the highest crime index at the start of 2024

Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]

Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Akothee finally reveals reasons for separating from Omosh 1 month after wedding

Akothee finally reveals reasons for separating from Omosh 1 month after wedding

Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]

Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]

Details of Ngina Kenyatta's luxurious restaurant

Details of Ngina Kenyatta's luxurious restaurant

Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama

Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama

Nigerian royal dignitaries, including four kings and a queen, expected to attend Museveni’s 50th wedding anniversary celebrations

Nigerian royal dignitaries, including four kings and a queen, expected to attend Museveni’s 50th wedding anniversary celebrations

ADVERTISEMENT