After the royal wedding on May 19, Meghan Markle and Prince Harry will merge their finances and forego a prenuptial agreement.
Prince Harry’s net worth is at least $25 million, which is made up of inheritance from Princess Diana and an annual allowance from Prince Charles.
Meghan Markle, a former TV actress, has a net worth around $5 million.
Megan Markle will be marrying into class, status, and major wealth when she ties the royal knot with Prince Harry on May 19.
Before she moved across the pond, Markle was earning close to half a million dollars a year starring in the USA Network drama “Suits,” plus a five-figure income from endorsement deals and sponsorships. Her total net worth is estimated to be $5 million.
That’s a sizable contribution to bring into any marriage, but when she marries Prince Harry, their combined net worth will be more than five times that. Prince Harry’s net worth is at least $25 million (£18 million) and as much as $40 million (£28.7 million), according to estimates from Wealth-X.
Here’s where all that money comes from.
Along with Prince William and Kate Middleton, Harry receives an annual seven-figure allowance from his father and heir to the throne, Prince Charles, which is used to cover expenses like travel and wardrobe. Between April 2016 and March 2017, the Duke and Duchess of Cambridge and Harry split nearly $5 million (£3.5 million) in allowance from their father, according to an annual review released by Clarence House.
Prince Charles derives that money, in part, from a private estate called the Duchy of Cornwall, which has funded the royal family’s public and private lives for nearly 700 years. The estate provided a total of $28.8 million (£20.7 million), including Harry and William’s allowance, to Prince Charles and his wife Camilla between 2016 and 2017.
Since age 21, Harry and William have also been receiving a $450,000 a year investment profit from Princess Diana’s estate, which they pay taxes on to the UK government. They received a sizeable inheritance from their late mother estimated to be around $10 million each, which each prince gained access to on his 30th birthday. Plus, during his 10 years in the British Royal Air Force, Harry earned an annual income of $50,000.
Despite a massive fortune, Markle and Harry reportedly will not sign a prenuptial agreement before their wedding, reported Business Insider’s Shana Lebowtiz.
A prenup is a smart choice for most couples who have sizable assets they want to protect in the event of a divorce, but for Harry — and William, who chose to forgo a prenup with Middleton — it doesn’t make much sense. The princes likely don’t have much property of their own, as the most valuable national treasures like the Crown Jewels or the Tower of London are part of the royal collection held by the Queen.
Still, …read more
Source:: Businessinsider – Politics