Prince Harry and Meghan Markle Lived Off His Inheritance After They Left the Royal Family
Princess Diana reportedly left each of her sons several million pounds.
Prince Harry and Meghan Markle's interview with Oprah Winfrey, which aired on CBS on March 7, was full of bombshells, from Meghan revealing that she'd struggled with thoughts of dying by suicide due to the rabid tabloid reports about her, to Harry sharing that he had asked his family for and been denied any help with dealing with the press frenzy, and much more in between. Amid the couple's accounts of their still-fractured relationship with the royal family, Harry also confirmed that they had been completely cut off financially after making the decision to step down as senior working royals. As a result, he said, he and Meghan had to support themselves, and did so largely with the help of the inheritance he was left by his mother, Princess Diana, after her 1997 death.
The end of Harry and Meghan's royal financial support happened in "the first quarter of 2020," he told Oprah, shortly after their announcement in January of that year that they had decided to step back from their royal duties.
"But I've got what my mum left me, and without that, we would not have been able to do this," Harry continued, then noted that Diana's endowment felt rather prescient, especially in light of her own struggles with the British press and the royal family. "Touching back on what you asked about what my mum would think of this, I think she saw it coming," he said. "I certainly felt her presence throughout this whole process."
Harry gained access to his inheritance from Diana in 2014; both he and his brother William were left £10 million—currently about $13.8 million—in trusts that could only be accessed upon reaching their 30th birthdays.
For the record, that likely wasn't actually the only money Harry and Meghan had to sustain themselves until they were able to lock in their new and massively lucrative deals with Spotify and Netflix. Harry was also the recipient of another multimillion-dollar royal inheritance: His great-grandmother the Queen Mother leaving him and Will about £14 million ($19.3 million) to split between themselves, with Harry receiving a larger share since he won't have access to the many financial benefits that come with being king. And Meghan, for her part, is estimated to have entered her royal marriage with about $5 million to her name, thanks to her long-running role on Suits—and ongoing residual checks from streaming services—plus her many pre-royal life side hustles.
Stay In The Know
Get exclusive access to fashion and beauty trends, hot-off-the-press celebrity news, and more.
Andrea Park is a Chicago-based writer and reporter with a near-encyclopedic knowledge of the extended Kardashian-Jenner kingdom, early 2000s rom-coms and celebrity book club selections. She graduated from the Columbia School of Journalism in 2017 and has also written for W, Brides, Glamour, Women's Health, People and more.
-
Katie Holmes Tames an Underrated Animal Print Trend
Tiger is the new leopard.
By Kelsey Stiegman Published
-
Taylor Swift's Beloved Red Lipstick Is Finally Back in Stock
It's been a long time coming.
By Halie LeSavage Published
-
I Move Up a Tax Bracket Every Time I Wear This Opulent Manicure
Bonus: you can achieve the look with $15 press-on nails.
By Samantha Holender Published
-
Every Time the Royal Family Broke Protocol in 2024, From Minor Rule Changes to Huge Mistakes
Meet the usual suspects: King Charles, Queen Camilla, Prince William, and Kate Middleton.
By Amy Mackelden Published
-
Queen Camilla's Son Reveals He "Learned a Long Time Ago" to Stay Out of Prince William and Prince Harry's "World"
Tom Parker Bowles said "it was appalling what they went through."
By Kristin Contino Published
-
Princess Diana's Friend Reveals Donald Trump Once "Bombarded" the Royal With Flowers in Attempt to Pursue Her
"Trump clearly saw Diana as the ultimate trophy wife."
By Kristin Contino Published
-
Prince William Is Allegedly Still "Very, Very Angry" About Royal Rift, But Kate Middleton Is Pushing For "Reconciliation"
"Never give up hope, there's always a chance."
By Amy Mackelden Published
-
Prince Harry's "Despair" at Online Trolls "Trying to Make Trouble" For His Family Is Understandable, Says Royal Expert
"He says he is happy. I believe him."
By Amy Mackelden Published
-
Meghan Markle Reveals Impressive Hidden Skill in New Netflix Documentary With Prince Harry
What can't she do?
By Kristin Contino Published
-
Princess Charlotte Has Inherited One of Princess Diana's Favorite Passions
Talent runs in the family.
By Kristin Contino Published
-
Princess Eugenie Could Spend Christmas With Meghan Markle and Prince Harry in California
"She has also been invited to Sandringham."
By Amy Mackelden Published