Prince Harry, the British royal, holds a net worth of $60 million. He is the son of King Charles and Princess Diana, and his grandparents were Queen Elizabeth II and Prince Philip. His older brother, Prince William, is now the heir to the British throne after their father became King in 2022 following their grandmother’s passing.
Born on September 15, 1984, as Prince Henry Albert Charles David, Harry’s life was marked by tragedy early on. His mother, Princess Diana, tragically passed away in 1997 when Harry was just 12. The loss profoundly impacted him, leading to a strong aversion to the paparazzi, who were partly responsible for his mother’s death.
Harry’s early years were also filled with mischief, especially during his teenage years. Known for his party-loving attitude, he was caught smoking weed and drinking alcohol at the age of 16. In response, his father sent him to Featherstone Lodge Rehabilitation Center in 2002, hoping to encourage a change in his behavior.
Harry served in the Royal Air Force for a decade and completed two tours of duty in Afghanistan, showing his dedication to service. He retired from active military duty in 2015 after a decade of service.
Before stepping away from royal duties in 2020, Prince Harry’s $30 million net worth was largely derived from a trust fund established by his late mother, Diana. When Harry turned 25, he began receiving annual dividends from the investments tied to his mother’s fortune. At the age of 30, Harry inherited half of Diana’s $17 million estate. Both he and his brother William also inherited their mother’s jewelry collection.
As a royal, Harry didn’t have to worry about paying for his lifestyle, as the Duchy of Cornwall covered his travel, clothing, staff, and daily expenses. Additionally, Harry received half of a $4.7 million allowance, with his brother William and wife Kate receiving the other half. When their great-grandmother passed away in 2002, Harry and William each received millions of dollars from her estate.
After distancing himself from royal duties, Harry, alongside his wife Meghan Markle, signed lucrative production deals with Netflix and Spotify worth an estimated $120 million. These deals were signed after Harry and Meghan were financially cut off by his family. Previously, his father had covered around $4 million per year for Harry’s security and staffing.
What Is Prince Harry’s Last Name?
The simple answer is that Prince Harry doesn’t have a last name while he holds the title “His Royal Highness.” His children, however, use the last name “Mountbatten-Windsor.” When Harry served in the military, he went by “Captain Harry Wales.”
Members of the British royal family who carry the “His/Her Royal Highness” title, including monarchs, princes, and princesses, don’t typically have a last name. For official purposes, Harry’s full name is “His Royal Highness Henry Charles Albert David Duke of Sussex.” His occupation on documents is listed as “Prince of the United Kingdom.”
As for his children, they do have a last name due to a 1960 decree by Queen Elizabeth. All royal family members who don’t hold the “HRH” title use the surname “Mountbatten-Windsor.” This name is a blend of the Windsor name, chosen by King George V, and Mountbatten, the family name of Prince Philip.
Prince Harry was born Henry Charles Albert David on September 15, 1984, in Paddington, London. Harry’s parents, Charles and Diana, separated in 1992, and their divorce was finalized in 1996. The following year, Diana tragically passed away in a car accident, which had a profound effect on Harry, who was just 12 at the time.
Harry gained redemption in 2005 by joining the Royal Military Academy Sandhurst. He trained with the Alamein Company and was commissioned as a second lieutenant in the British Army’s Blues and Royals regiment. Harry was promoted to lieutenant in 2008 and served in Iraq in 2007. Although his deployment to Iraq was canceled for security reasons, Harry, under the name “Lieutenant Harry Wales,” earned about $50,000 per year during his military service.
Partying and Scandals
Throughout his life, Prince Harry has been a beloved figure for his mischievous nature. However, his partying days have garnered controversy. In 2005, he was photographed wearing a Nazi uniform at a party, an action he later apologized for. In 2012, Harry found himself in the midst of another scandal after photos surfaced of him in Las Vegas, naked and playing strip billiards with women. These events made headlines worldwide.
Philanthropy
As Diana’s son, Harry inherited her strong philanthropic spirit. Diana was known for her charitable works, particularly for AIDS awareness and other causes. Following in his mother’s footsteps, Harry has been involved in numerous charitable initiatives. His most notable achievement is the founding of the Invictus Games in 2014, a sporting event for wounded, injured, or sick military veterans.
In 2017, Harry and Meghan Markle began working with Elephants Without Borders, and they also founded the Sussex Royal Foundation, which later became Archewell in 2020. Archewell serves as the foundation for their charitable and creative media ventures.
The Diana Trust Fund
After Princess Diana and Prince Charles divorced, Diana received a $24 million settlement, equivalent to $40 million today when adjusted for inflation. Upon Diana’s death, the money was placed in a trust for William and Harry to inherit on their 25th birthdays. By the time they both turned 30, the trust had grown, and each brother received $20 million from it.However, Harry will not benefit from the Duchy of Cornwall trust, which has made his father and, eventually, his brother incredibly wealthy. The Duchy, established in 1337, owns a massive real estate portfolio that generates millions of dollars annually for the royal heir.
Real Estate
After stepping back from royal duties, Harry and Meghan briefly lived in Canada before moving to Southern California. In August 2020, they purchased a $14.7 million home in Montecito, California. The purchase was made with a $10 million mortgage and a $5 million cash down payment.In 2023, reports revealed that Harry and Meghan had officially moved out of Frogmore Cottage, which had been a gift from Queen Elizabeth. This came after King Charles requested that they vacate the property.
In September 2020, Harry and Meghan signed a massive five-year production deal with Netflix, worth potentially $150 million. Through the deal, they planned to create documentaries, children’s programming, and scripted content. Additionally, in December 2020, the couple inked an $18 million deal with Spotify to produce a series of podcasts.
