When Prince Harry and Meghan Markle stepped back from their senior royal roles in March 2020, they announced plans to become financially independent.
Since then, they've settled in California with their two young children, maintaining a lavish lifestyle. Reports suggest they are even looking to upgrade their $10 million property to a $22 million estate, indicating they are far from financially strapped.
Many may not know that Harry and Meghan had a substantial fortune to fall back on after leaving their royal duties. During their infamous interview with Oprah Winfrey, Harry revealed that his family cut him off financially in early 2020.
However, he had trust funds set up by his late mother, Princess Diana, and his grandmother, Queen Elizabeth, which have been instrumental in maintaining their luxurious lifestyle.
The couple doesn't solely rely on their trust funds. They founded Archewell Inc., which has various business and media divisions, including Archewell Audio and Archewell Productions.
They've also signed lucrative deals with Netflix and Spotify, estimated to be worth at least $100 million and around $30 million, respectively.
Meghan was already a part of the entertainment world before her marriage, but Harry has only recently ventured into this industry.
Reports suggest that Harry is excited about the new opportunities and is focusing on making documentaries related to good causes.
The couple plans to continue expanding their presence in the entertainment industry, thereby increasing their net worth even further.