Members of the British royal family typically survive off millions of pounds of public funds, financial properties, and inherited assets, much of which is distributed to each “working royal” according to long-standing rules and policies. However, if a member of the royal family has stepped away from the public eye, they are no longer entitled to this enormous financial benefit, which means Prince Harry and Meghan Markle have had to fend for themselves after leaving the royal family a year ago.

Meghan Markle and Prince Harry are in good financial shape. For a long time, the Duke of Sussex has had the support of his father, Prince Charles, who also promised to pay Meghan and Harry’s security expenses when they moved to California. However, this does not imply that they need Charles’ assistance.

After completing their Hollywood transition, Prince Harry and Meghan Markle are embarking on an unknown new chapter in their lives so that they will no longer be serving as full-time members of the British royal family. There will be no diplomatic protocols. There is no security detail from the government. There’s also no royal help.

Meghan and Harry’s combined net worth, according to Forbes, is $10 million, which includes the value of their new home in Montecito, California.

She and Prince Harry have landed several lucrative jobs since leaving the royal house, including a three-year podcasting contract with Spotify, Archewell Audio, which Forbes estimates could be worth $15 million to $18 million. They also signed a multi-year contract with Netflix, though the amount was not revealed, according to The New York Times.

Meghan’s net worth was reported to be $2.2 million in May 2019 by Forbes, based on her salary from the USA reality program Suits. The duchess earned an estimated average of $57,500 per episode in her role as paralegal Rachel Zane. She had roles in films such as Remember Me and owned her own fashion blog, The Tig, before marrying Harry.

They allegedly repaid the $3 million in public funds used to renovate Frogmore Cottage, their home on the royal Windsor estate, in September. In addition to relying on the sizable inheritance left to Harry by his late mother, Princess Diana, they’ve begun to form their own partnerships with numerous private corporations to help finance their ongoing philanthropic work. It also doesn’t hurt that Meghan was independently wealthy prior to becoming a royal, owing to her years as a professional actress.

Meghan, like every other aspiring actress, understood the importance of diversifying her sources of revenue. She made a name for herself as a beauty specialist by running The Tig for several years before shutting it down in April 2017. Meghan earned money from sponsorships and endorsements on social media in addition to her blog. The rising star, according to Cosmopolitan, used the opportunity to “tap into the wonderful world of celebrity #SponCon.” According to knownetworth.com, she could raise an extra $80,000 a year as a result of this.

According to Money, Harry’s net worth was reported to be between $25 million and $40 million in May 2019, about the same as Prince William’s considering their comparable sources of income at the time.

During a sit-down interview with Oprah Winfrey, Harry announced that he and Meghan were cut off financially from the royal family in early 2020, but that they were able to survive off of an inheritance he received from his late mother, Princess Diana. He put the money from his inheritance toward his family’s security.

Though there was talk that Meghan and Harry were compensated for their 2021 interview with Oprah Winfrey, Page Six reported that they were not. Page Six announced at the time that “A spokeswoman for the Oprah Winfrey Network confirmed that the couple won’t be collecting a paycheck and said that no donations are being made to their charity.”

In August 2020, they purchased a $14.7 million estate in Montecito, a seaside Santa Barbara, California, enclave that is home to Oprah Winfrey, Ellen DeGeneres, and their wife Portia de Rossi. They made a $5 million down payment and now owe about $10 million on the house.

The Sovereign Grant no longer pays Harry and Meghan, but although they did as working royals, it barely covered 5% of their expenses and was only used for office expenses. The duke and duchess wrote on their website that they “prefer to release this financial tie” as they cut down their positions in the monarchy as they declared their retirement. Harry had also made a living as a British Army lieutenant, earning about $50,000 per year, according to Town & Country.