In March 2020, the Duke and Duchess of Sussex walked away from free digs at Frogmore Cottage and a reported $5 million yearly stipend for royal public duties — which begs the question, how can Harry and Meghan afford their American dream?
"I've got what my mum left me and without that, we would not have been able to do this," Prince Harry told Oprah Winfrey in 2021.
At the time of her death, Princess Diana’s estate was worth a reported $15.8 million, an amount he split with brother Prince William.
Prince Harry also received millions from his great-grandmother, the Queen Mother, who died in 2002.
The couple’s Montecito, California mansion is mortgaged and their private security detail reportedly costs upwards of $3 million a year.
Doing the maths, it would appear that the couple have decided to do what most Americans do — roll up their sleeves and get to work.
You've got to work
Since relocating to warmer climes, the couple has signed a $100 million deal with Netflix and launched their podcast, Archewell Audio, with Spotify in a three-year deal worth $18 million.
They also are reportedly earning $1 million a speech through top booker Harry Walker.
Prince Harry said deals with Netflix and Spotify were "never part of the plan" but after the Royal Family cut him off he had to support his family.
"That was suggested by somebody else by the point where my family literally cut me off financially," he said.
So far, the Netflix deal has yielded the six-episode Harry and Meghan and Live to Lead, a documentary inspired by the life of Nelson Mandela.
Both were produced under the banner of Archewell Productions, the couple’s company.
Two steps forward, one step back
After steep stock drops and lost subscribers, Netflix quietly cut its roster sheet, including Pearl, an animated series that was to be voiced by Meghan, who along with David Furnish, husband of Elton John, will also be among the executive producers.
In spite of this setback, the couple is far from having to eat packaged noodles.
Not only is the tell-all memoir Spare set to be one of the fastest and bestselling books of all time, his deal with publisher Penguin Random House is rumoured to have yielded Harry $20 million.
And although no official figures have been reported, the three-book deal is set to gather even more million-dollar paydays.
In March 2021, Prince Harry was appointed "chief impact officer" for Californian lifestyle coaching company BetterUp, though his compensation, if any, has not been disclosed.
“Look, I'll be honest, I had no idea about BetterUp before I moved to the US,” he said. “The chief impact officer role for me at BetterUp is 100 per cent about driving advocacy and awareness for mental fitness.”
During her acting career, Meghan was reportedly paid $50,000 an episode for her small role on the legal drama Suits, appearing in more than 100 episodes.
She also ran a lifestyle blog and designed items for a Canadian fashion brand.
Harry also said he suspected his mum “saw it coming”, in reference to the backlash he and his future wife would experience.
“I’m just really relieved and happy to be sitting here talking to you with my wife by my side, because I can’t begin to imagine what it must have been like for [Diana] going through this process by herself all those years ago,” Prince Harry said.
“Because it’s been unbelievably tough for the two of us."
So paying the bills is not a concern since being cut off — yet.
It’s not yet known whether Prince Harry was left anything by Queen Elizabeth, whose personal net worth was estimated to be anywhere between $500 million and $600 million, with other assets tied to real estate and stocks worth hundreds of millions.
Montecito real estate - in pictures
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Located at 888 Lilac Drive in Montecito, this home is currently listed at $33.5 million. All photos: Zillow -
888 Lilac Drive is located close enough to Prince Harry and wife Meghan to borrow sugar -
Montecito, California, home for sale -
888 Lilac Drive has stunning ocean views from most of its rooms -
Montecito, California, home for sale -
888 Lilac Drive has a pool and lush gardens -
888 Lilac Drive has a private screening room, six bedrooms and eight baths -
Solar, a generator, greywater irrigation system, private well, organic vegetable beds and citrus orchards, chicken coops and secret gardens at 888 Lilac make it possible to live off the grid -
Fruit trees in the garden -
670 Hot Springs Road in the Montecito/Santa Barbara area is listed for $68 million -
670 Hot Springs has seven bedrooms and 14 bathrooms, so everyone gets a spare -
670 Hot Springs was nicknamed Far Afield by the previous owner and is one of two significant historic estates remaining in the prime Montecito Golden Quadrangle -
670 Hot Springs went through an exhaustive 15-year restoration -
The home was restored with hand-crafted custom details using reclaimed 17th and 18th century building materials curated throughout Europe -
751 Buena Vista Drive is listed for $18.9 million and has five bedrooms and eight baths -
751 Buena Vista Drive is also located in the posh Golden Quadrangle of Montecito -
The massive home is surprisingly warm -
One of the five suites at 751 Buena Vista Drive -
751 Buena Vista Drive was built in 1930 -
751 Buena Vista Drive has its own entertainment area -
751 Buena Vista Drive also has a tennis court, pool, terraces, pavilions, an attached apartment, an ocean-view cottage, an art studio with a kitchen and bath and two three-car garages
