Prince Harry net worth: Where does Harry’s money come from? Duke pays off Frogmore costs

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Prince Harry and Meghan Markle announced their plans to step back from senior royal life earlier this year. The couple have now set up their family home in Santa Barbara, California. But the Sussexes stated earlier this year they would retain their UK home, Frogmore Cottage in Windsor.

The couple made £2.4million worth of renovations to Frogmore, at the expense of the taxpayer.

The renovations were made using money from the Government-allocated Sovereign Grant, but it was announced this week Prince Harry has now paid back the costs in full.

Prince Harry’s spokesman said: “A contribution has been made to the Sovereign Grant by the Duke of Sussex.

“This contribution as originally offered by Prince Harry has fully covered the necessary renovation costs of Frogmore Cottage, a property of Her Majesty The Queen, and will remain the UK residence of the duke and his family.”

As the couple are no longer senior working royals, they have also agreed to start paying commercial rent on the property.

Republic, which campaigns for an elected head of state, heavily criticised the amount spent on Frogmore’s refurbishments.

In light of the news Prince Harry has paid off the renovation bill for Frogmore, Graham Smith of Republic said: “Harry should have paid this bill from the outset, rather than expecting the taxpayer to stump up the cash.

“They’ve now paid for the refurbishment while continuing to use the home whenever they stay in the UK.

“Their statement claims the cottage is the Queen’s property, which is untrue.

“It belongs to the Crown Estate, which is there to raise revenue for the Treasury, so we have a right to know what rent they are paying for the place.”

Harry and Meghan recently purchased a sprawling mansion in Montecito, Santa Barbara for £11million.

The couple have also recently signed a new deal with Netflix, which is reportedly worth 100 million dollars (£76million).

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What is Prince Harry’s net worth?

Prince Harry’s exact net worth is not publicly known, and estimates vary.

According to wealth-tracking site Celebrity Net Worth, Prince Harry has a net worth of $50million (£38m).

According to Business Insider, Prince Harry’s net worth is $25million (£19m).

A significant proportion of Harry’s wealth is thought to be inheritance from his mother, Princess Diana.

Harry is also thought to have received inheritance from the Queen Mother.

The Duchess of Sussex also had a successful career in acting, and according to Business Insider has a net worth of around $5million (£3.8m).

Now the Sussexes are no longer senior royals, the couple are not entitled to funds from the Sovereign Grant, and are now free to pursue their own income.

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