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.
-
Zendaya Wears a Sheer Top and Louboutins for Movie Night
She screened her own double feature.
By Halie LeSavage Published
-
King Charles Faces Yet Another Security Breach as Windsor Castle Estate is Burglarized by Masked Intruders
The incident occurred not far from Prince William and Princess Kate's home.
By Kristin Contino Published
-
Jennifer Lawrence Accentuates Her Baby Bump With Skintight Bottega Veneta
The star decided to showcase her changing body.
By Hanna Lustig Published
-
Meghan Markle's 5 Best Royal Re-Wears
The Duchess of Sussex knows what works.
By Kristin Contino Published
-
Queen Camilla Has Helped King Charles "Loosen Up," But He Appears "Tense" Without Her
"He was quite a nervous man... Camilla has been a catalyst for change."
By Amy Mackelden Published
-
Meghan Markle Proves the Little Black Corset Should Be a Holiday Party Staple While Supporting Her Friend's New Haircare Line
The Duchess of Sussex is an investor in Highbrow Hippie haircare.
By Kristin Contino Published
-
Princess Diana's Shocking 37th Birthday Present for Prince Charles Backfired on 'The Crown'—Here's What Really Happened
The book 'Dancing With Diana' sets the record straight.
By Kristin Contino Published
-
King Charles Might Change Some of Queen Elizabeth's Christmas Rituals as He's Less Traditional
"I don't think Charles will exactly rip up the rule book, but there's a strong chance he'll loosen some of the rules."
By Amy Mackelden Published
-
Princess Diana's Former Chauffeur Reflects on Her Death for the First Time After Being Fired
"She died believing I had betrayed her and that's something I can't ever forget or forgive."
By Amy Mackelden Published
-
Prince Harry Spends Time With Pat Tillman's Widow During Surprise Appearance at Tillman Honors Gala
The Duke of Sussex was honored with the Pat Tillman Award For Service at the ESPYs earlier this year.
By Danielle Campoamor Last updated
-
Prince Harry Says He Understands "The Weight Of Losing a Parent" in Moving Letter to Grieving Military Children
"Yet, in the midst of that heartache, we find strength in the love and memories left behind."
By Kristin Contino Published