Prince Harry is set to inherit millions on his 40th birthday. Here’s how he and Meghan Markle make and spend their money.

Harry said he stopped receiving any financial support from his family in “the first quarter of 2020,” the same time that the couple released their statement that they were working toward becoming financially independent.

According to King Charles III’s financial report from 2021, the offices of Prince William and Kate Middleton continued to be paid for from His Royal Highness’s private income.

Prince Harry inherited an estimated $10 million from Princess Diana’s estate after her death on August 31, 1997, Forbes reported.

“I’ve got what my mum left me and without that, we wouldn’t have been able to do this,” Harry told Winfrey in March 2021. “She saw it coming, and I certainly felt her presence throughout this whole process.”

Prince Harry served in the Army for 10 years, including service in Afghanistan. Forbes estimated that his salary as a helicopter pilot was between $50,000 and $53,000.

She made around $80,000 a year from sponsorships and endorsement deals.

The book’s title refers to the “spare” title he received as the brother of the heir to the British throne and the fact that he will likely never become king. In the book, Harry opened up about his complicated relationship with William, calling him both his “beloved brother” and “arch nemesis.”

The New York Times reported that Harry received a $20 million advance for “Spare” as part of a multi-book deal, according to sources close to the negotiations.

Forbes reported that Harry pledged to donate proceeds from the book’s sales to charity and donated $1.5 million to Sentebale, a charity that supports children and young people affected by HIV and AIDS.

Forbes reported that the couple did not produce any content for the platform in 2021, which led Spotify producers to step in. Meghan Markle later released her own Spotify podcast, “Archetypes.”

“Archetypes is the podcast where we explore and subvert the labels that try to hold women back. Here’s where we dismantle them with action,” the podcast’s description reads. 

However, in June 2023, reports emerged that Meghan and Harry were no longer working with Spotify and that there wouldn’t be a second season of “Archetypes” on the platform.

It was also reported that Meghan and Harry would not receive the full $20 million payout from their Spotify deal. 

“The podcast will no longer be produced at Spotify as we are mutually parting ways,” a spokesperson for Archewell Audio, the couple’s production company, told Business Insider.

In February 2024, Meghan announced that she had signed a new partnership with Lemonada Media, Deadline reported.

On May 13, NBC reported that the Archewell Foundation, the charity the couple founded in 2021, had been found delinquent in California and had to pause fundraising efforts. The state claimed that the organization had not paid its annual registration fees or submitted an annual report.

NBC reported that a source close to Archewell responded that the “group’s initial check was lost in the mail” but that they had resubmitted payment and the issue would soon be resolved.

On May 14, NBC reported that the charity was no longer delinquent. 

“We have diligently investigated the situation and can confirm that The Archewell Foundation remains fully compliant and in good standing,” a spokesman for Archewell said in a statement, NBC reported. “Due payments were made promptly and in accordance with the IRS’s processes and procedures. Furthermore, all necessary paperwork had been filed by the Foundation without error or wrongdoing.”

Vogue reported in 2020 that the pair settled in the private and exclusive neighborhood of Montecito. The publication also reported that, according to property records, the royal couple bought their 14,500-square-foot home for $14.65 million. They put down $5 million, leaving them with a $10 million mortgage, Forbes reported.

“The Duke and Duchess of Sussex moved into their family home in July of this year,” a spokesperson for the couple told Business Insider in August 2020.

“They have settled into the quiet privacy of their community since their arrival and hope that this will be respected for their neighbors, as well as for them as a family.”

However, in 2022, the couple were fighting for official police protection while in the United Kingdom. 

“The Duke and Duchess of Sussex personally fund a private security team for their family, yet that security cannot replicate the necessary police protection needed whilst in the UK,” according to a statement released in January 2022, NBC reported.

Meghan and Harry appeared to receive official royal security protection when they traveled to the UK for Prince Philip’s and later Queen Elizabeth II’s funerals, Fox News reported.