Losing Meghan, Prince Harry and (Potentially) Billions of Pounds (Published 2020) (2024)

Table of Contents
British Royals British Royals FAQs

You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.

Supported by

SKIP ADVERTIsem*nT

That sound you hear is hundreds of British brands biting their nails as the royal influencers depart.

LONDON — The wedding of Prince Harry and Meghan Markle in May 2018, watched by a television audience of almost two billion viewers worldwide, was heralded by many as the ultimate 21st-century fairy tale. It was hoped that the union of a beautiful biracial American actress and one of the world’s favorite princes would firmly nudge the British royal family into a new era.

It was also hoped, somewhat less romantically, that the potential star power of the Duke and duch*ess of Sussex (as the new celebrity couple became known) would be an economic windfall for Britain, potentially bringing billions of pounds to the economy for decades to come.

Just eighteen months later, the couple announced via Instagram that they would be stepping down as “senior” royals, splitting their time between Britain and North America and working toward becoming “financially independent.”

Just how much of a loss for Britain, its monarchy and businesses, could the new arrangement represent?

“The short answer is that it is rather hard to say, given no one yet knows the exact terms of Megxit,” said David Haigh, chief executive of brand valuation consultancy Brand Finance. The company calculated that the wedding of the Duke and duch*ess of Sussex generated £1 billion for the British economy in 2018 alone, including an additional £300 million in travel and accommodation spent by foreign tourists and £50 million spent on merchandise such as coins, dish cloths and clothing, not to mention those billions of clicks in free media coverage that enhanced the value of the Britain brand.

In the months since the wedding, patronage by the Sussexes has continued to generate hefty revenue for retail and leisure industries in particular, for British household names such as Marks & Spencer and John Lewis and through charitable projects like the duch*ess’s fashion workwear collaboration with Smartworks.

Thank you for your patience while we verify access. If you are in Reader mode please exit andlog intoyour Times account, orsubscribefor all of The Times.

Thank you for your patience while we verify access.

Already a subscriber?Log in.

Want all of The Times?Subscribe.

Advertisem*nt

SKIP ADVERTIsem*nT

Losing Meghan, Prince Harry and (Potentially) Billions of Pounds (Published 2020) (2024)

FAQs

How much did Meghan Markle get from newspaper? ›

Yes, Meghan was awarded just $1.35 in her privacy suit against a British tabloid. But that's only part of the story.

How much are Harry and Meghan worth? ›

Prince Harry and Meghan, the Duke and duch*ess of Sussex, have amassed a combined net worth of around £48 million (more than ₹498 crore) since stepping down from their royal duties in 2020.

Is Meghan still a royal? ›

Either Way, Meghan and Harry No Longer Use HRH

This was established via an "agreement" the Sussexes made with the Queen in January 2020. At the time, Buckingham palace put out a statement saying “The Sussexes will not use their HRH titles, as they are no longer working members of the Royal Family.”

What is happening with Harry and Meghan? ›

Britain's Prince Harry now calls himself a US resident

Harry and his wife Meghan moved to the U.S. in 2020 after leaving their senior royal roles.

What did Harry inherit from the Queen? ›

Their Royal Highnesses Princes William and Harry received a $10 million (USD) inheritance from the state of their mother after her death.

Did Meghan Markle win a settlement? ›

A motion to dismiss has been granted to Meghan Markle in the defamation lawsuit filed against her by her half-sister, Samantha Markle.

Does Meghan Markle get royalties from suits? ›

Does Meghan Markle get royalties from Suits? In addition to getting paid just for acting on Suits, Markle likely also still gets residual payments from the series through reruns and streaming on Amazon Prime and Netflix.

Was Meghan Markle rich before marrying Harry? ›

Before she met and married Prince Harry, Meghan Markle was paving her own path in the world of acting and was estimated to have accumulated a net worth of approximately $5 million.

What is Kate Middleton's net worth? ›

It's not possible to determine the exact net worth of a royal, but CelebrityNetWorth pegs Kate's current net worth at an estimated $10 million. Her husband's net worth, calculated by the same source, is $100 million—an estimate that doesn't appear to include a private estate reportedly worth more than $1 billion.

Is Meghan a princess if Harry is a prince? ›

According to the British royal protocol, the wife of a prince can adopt the title of princess, but only if she uses her husband's name. “Henry will remain a full-blooded prince and Meghan, instead of being the duch*ess of Sussex, would be Henry's princess,” explained Seward.

Is Meghan Markle legally a duch*ess? ›

Meghan, 42, a former American actress, became the duch*ess of Sussex when she married the British prince in 2018. Harry was born Prince Henry Charles Albert David. If Meghan lost her title as duch*ess of Sussex, she would be called Princess Henry, Seward explained.

Does Meghan Markle come from a royal family? ›

Discover Meghan and Harry's shared lineage

Markle, however, is indeed of royal descent. He is Rev. William Skipper, who immigrated to Boston in 1639.

How much is Prince Archie worth? ›

Can Prince Archie of Sussex become king one day? It seems that the chances are not that great for Archie because she is seventh in line to the throne, however, many people love the child. Currently, according to celebrity net-worth websites, they concur that the child's estimated net worth was 10 million dollars.

Is Lilibet Harry's daughter? ›

Princess Lilibet, the daughter of Meghan Markle and Prince Harry, turned three on Tuesday, but according to People, the family already celebrated the big day over the weekend.

How much is Prince William worth? ›

However, the Daily Express and other news outlets reported his worth skyrocketed to more than $1 billion after he took over the Duchy of Cornwall, a private estate worth £1 billion ($1.3 billion), from his father, King Charles III, upon the death of his grandmother, Queen Elizabeth II, in September 2022.

How much is Netflix paying Meghan Markle? ›

Netflix is working with Prince Harry and Meghan Markle's company Archewell to produce two new non-fiction shows, the streamer confirmed to Forbes on Thursday, marking the fourth and fifth series to come out of a $100 million deal between Netflix and the royal couple.

How much did Meghan Markle make on her book? ›

Markle, too, has dabbled in publishing, though the works have netted much less: In 2021, she released a children's picture book entitled The Bench that reportedly landed her an advance of up to $618,000 (500,000 British pounds).

Did Meghan win the appeal? ›

The duch*ess of Sussex has won the latest stage in her legal fight against the publisher of the Mail on Sunday over a letter she sent to her father. The Court of Appeal rejected Associated Newspapers' attempt to have a trial in the privacy and copyright case.

How much do Harry and Meghan give to charity? ›

Prince Harry and Meghan's Archewell organisation donated grants of $1.2m (£950,000) to charities this year, its annual report reveals. Under the banner "Show up, do good", the foundation backed projects ranging from helping Afghan women in the US to tackling misinformation.

Top Articles
Latest Posts
Article information

Author: Maia Crooks Jr

Last Updated:

Views: 5991

Rating: 4.2 / 5 (63 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Maia Crooks Jr

Birthday: 1997-09-21

Address: 93119 Joseph Street, Peggyfurt, NC 11582

Phone: +2983088926881

Job: Principal Design Liaison

Hobby: Web surfing, Skiing, role-playing games, Sketching, Polo, Sewing, Genealogy

Introduction: My name is Maia Crooks Jr, I am a homely, joyous, shiny, successful, hilarious, thoughtful, joyous person who loves writing and wants to share my knowledge and understanding with you.