Prince Harry and Meghan Markle have a combined net worth of $60 million, despite stepping down as senior working royals in 2020 – and being forced to repay the taxpayer costs for the renovation of Frogmore Cottage
13:09 ET, 02 May 2025Updated 13:20 ET, 02 May 2025
Meghan and Harry’s net worth has been revealed(Image: Anadolu via Getty Images)
The financial status of Prince Harry and Meghan Markle has been unveiled as he lost a pivotal court case.
Living in a luxurious mansion in Montecito, California with their two kids, Archie and Lilibet, the Sussexes are neighbors to celebrities like Oprah Winfrey, Ellen DeGeneres, and Katy Perry. Their home is said to be valued at $14 million. Reports suggest that despite stepping back as senior royals in 2020 and having to refund the renovation costs of Frogmore Cottage, their former Windsor residence, the couple’s combined net worth stands at an impressive $60 million.
However, this may change now that he has lost his appeal against the UK government to reinstate his full-detail security.
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After losing the court case, he is left facing a $2 million legal bill.
Harry and Meghan now live in California(Image: WireImage)
In May 2020, it was announced that the Duke and Duchess would reimburse the taxpayer money used for the Frogmore Cottage refurbishments, planning to make payments over the next ten years.
The total renovation costs were around $3 million, which means they’ll be paying approximately $24,000 monthly until fully settled, reports the Mirror.
Since relocating to the US, the pair have landed several profitable contracts. In 2020, the same year they announced their Royal exit, they inked a deal with Netflix reportedly worth about $100 million.
They also bagged a $20 million advance from Penguin Random House for a reported four-book deal, including ‘Spare’.
The Sussexes made headlines with their whopping $25 million Spotify deal in late 2020, which led to the release of Meghan’s Archetypes podcast. A joint statement from their company, Archewell, and Spotify announced that they had “mutually agreed to part ways and are proud of the series we made together,” although a Spotify executive later controversially referred to the couple as “f—ing grifters”.
After deciding to step back from Royal duties, Harry and Meghan secured several profitable agreements. As working royals, they were financially supported primarily by Harry’s father, now the King, who provided 95% of their income, while the taxpayer-funded Sovereign Grant accounted for the remaining 5%.
Upon their Royal exit, it was reported that King Charles granted them “a substantial sum”.
Before her Royal romance, Meghan’s net worth was estimated at around $5 million, thanks to her acting career.
Best known for her role as Rachel Zane on the popular TV series Suits, Meghan reportedly earned $50,000 per episode, long before she became the Duchess of Sussex.
Come 2024, Meghan Markle is preparing to unveil her new brand, American Riviera Orchard, which is speculated to be modeled after Gwyneth Paltrow’s successful Goop brand.
As per reports surrounding a trademark application, Meghan’s brand is set to offer a range of products including: “Fragrance sachets; Lavender Sachets; Non-medicated skin care preparations; Bath and shower gels and salts…non-mediated hair preparations; Bath soap; Bar soap: Non-medicated hand soaps: Body creams: Bath oil: Body lotions: Cosmetics [and] Body Oil.”