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Collectively, the royal family is one of the richest families in the world (the Mountbatten-Windsors supposedly have a net worth of $88 billion!). And, as a member of the family, Prince Harry’s net worth is considerably high. But, how does Prince Harry make his money? After all, most of his work involves volunteering and attending events on behalf of organizations.

Up ahead, we take a deeper look inside the Duke of Sussex’s bank account and find out where his income comes from.

Prince Harry attends 100 Women in Finance Gala Dinner
Prince Harry’s net worth is in the multi-millions. | Victoria Jones/WPA Pool/ Getty Images

Prince Harry’s net worth

In the royal family, you don’t talk about finances — at least, not with the public. Which is why Prince Harry’s net worth is a rough estimate. The Duke of Sussex is allegedly worth somewhere between $25 and $40 million.

How does Prince Harry make his money?

With his philanthropy background, many want to know: How does Prince Harry make his money? And, as it turns out, the duke has quite a few sources of income. From his royal allowance to Meghan Markle’s net worth, find out how Prince Harry brings home the bacon, ahead.

The Duchy of Cornwall

A large portion of Prince Harry’s money comes from his royal allowance. Every year, Prince Charles pays the Duke of Sussex earns an amount of money through his income from The Duchy of Cornwall. Established in 1337 by Edward II, The Duchy of Cornwall is a family business consisting of rental properties, real estate, land, and other money-making entities that contribute to the Prince of Wales’ financial gain.

Some royal family members make their money through the queen’s Duchy of Lancaster or the annual government grant. But, since Prince Charles has his own income, he is the one responsible for paying his sons (and their family members) for their royal duties. The money typically covers travel expenses for royal tours, engagements, and ceremonies, too.

Salaried positions

Believe it or not, Prince Harry once made money through a salaried position with the Armed Forces. The Duke of Sussex allegedly made between $50,000 and $53,000 during his time as a captain in the Air Force. Prince Harry held the position for about 10 years before retiring and becoming a full-time member of the royal family.

Inheritance

After his mother died, Prince Harry became a trust fund kid (though he was likely already considered one, given his family’s finances). And while he did earn some money from the trust beforehand, he did not have full access until his 30th birthday. At that point, Prince Harry came into around $14 million ($10 million after taxes), though not all of that was cash.

Crown jewels

While the crown jewels aren’t owned by any one member of the royal family, Prince Harry has his name on quite a few prized sparklers. His inheritance from his mother, Princess Diana, also includes her jewelry — which he split with his brother, Prince William.

Kate Middleton and Meghan Markle wear the late princess’s jewels regularly. In fact, Meghan Markle’s engagement ring is made up of two diamonds from Princess Diana’s collection. And, Kate Middleton’s sapphire engagement ring once belonged to the princess, too.

Meghan Markle’s net worth and residual income

The Duchess of Sussex’s net worth might be less than Prince Harry’s, but it still counts for something. According to reports, she is worth around $5 million. In addition to Meghan Markle’s net worth, the duchess likely still earns residuals from Suits reruns and other acting gigs she participated in before becoming a royal.

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