Prince Harry and Meghan Markle
Reuters



Harry and Meghan will step down from their senior royal duties at Buckingham on April 1 and will no longer receive money through the sovereign grant.

The Duke and Duchess of Sussex are already done with all their royal engagements before they step down from their senior royal duties. However, how can Prince Harry and Meghan Markle maintain their lavish lifestyle in Canada?

What is the couple's net worth?

Meghan Markle's career as a Hollywood actress helped her to accumulate an estimated amount of $5 million. On the other hand, Prince Harry has a total net worth of $25 million and that includes his inheritance from his mother Princess Diana and his annual allowance from Prince Charles.

However, it is not clear as to how much Prince Harry received from the crown. Overall, the total money of Prince Harry and Megan Markle when combined together is $30 million. But the question is can they sustain their lavish lifestyle in Canada with their total accumulated money?

Their Previous Expenses

Prince Harry and Meghan Markle spent hundreds of thousands for their son, Archie. In the previous interview with Prince Charles, he said that he wants to have two babies. This means that the same expenses will be spent or even more for their second baby.

Even though Serena Williams hosted and paid Meghan Markle's' baby shower that costs around $200,000, this also means that Meghan may want the same caliber of a baby shower later on for their second baby.

It was also reported in another article that Meghan Markle spent around $11,000 for acupuncture and numerology before her first delivery. The couple also spent $43,000 babymoon at the Heckfield Place.

Prince Harry and Meghan have gone through three nannies since Archie was born. The salary of their nannies is between $36,000 and $59,000 dollars since they hired nannies from Norland College, a school that teaches aspiring nannies.

They also spent $3.8 million to renovate their house, a Frogmore Cottage, in 2019 before they moved in. The expenses include $60,000 for a green energy-unit, fireplaces, staircases, and a floating floor. It was posted on the website of the Duke and Duchess of Sussex that their home went into the mandatory renovation.

Meghan Markle is a style icon. It is not a surprise anymore if she was seen wearing a lavish and expensive dresse. On different occasions, Meghan was seen wearing $2,000 Stella McCartney dress, $1,390 Sentaler coat, $116 Banana Republic dress and a $123 Everlane jumpsuit.

It was also found out that Meghan Markle spent more on dresses compared to other members of the royal family. An example of this is Kate Middleton where she only spent around $85,000 on clothing while Meghan Markle spent around $500,000 on maternity dress during her pregnancy.

The Duke and Duchess of Sussex also spent their Christmas and took a vacation for six weeks together with their son in U.S. and Canada. They also stayed in a mansion in Vancouver Island where they spent $13.3 million.

Their Estimated Expenses Once They Start Living Independently

Starting April 1, Prince Harry and Meghan Markle will not receive money through sovereign grants anymore. This simply means that they have to work as professionals for them to earn income that will help sustain their lavish lifestyle.

Here are some of their expected expenses:

  • Since Prince Harry and Meghan Markle are high-profile individuals, they need to spend $1 million for day-to-day security in one year. This includes $570,000 for residential security, $245,000 for a driver, and $150,000 for an advance agent.
  • However, the security for the new life of Prince Harry and Meghan Markle will cost $10 to $30 million a year according to the security experts.
  • They also have to pay for the nannies of their child and as well as to spend money on their other lavish lifestyle.

Looking at their accumulated money, lifestyle, and their potential expenses once they stop receiving money from the crown, it looks as if their budget will not survive a year.

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