As such, it is now a major contributor to Prince William’s net worth. When Queen Elizabeth II died and her son became King Charles III, the duchy, which is worth over a billion dollars, became part of the next heir to the throne. The massive real-estate duchy was then under Prince Charles, as he was at the time the heir to the throne. Invictus Games has since become one of the biggest sporting events of its kind.Īs long as he was a working royal, most of his official expenses were covered by the Duchy of Cornwall. The same year, he founded the Invictus Games - a multi-sports event for serving and veteran soldiers who are wounded, injured or sick. According to a 2011 Forbes report, he earned a salary between USD 50,000 and USD 53,000 for his service. He qualified as an Apache helicopter pilot for the Army Air Corps in 2013, after over three years of training and a second tour of Afghanistan as a soldier. Like many other royals, Prince Harry once served in the military. “The companies have, so far, been used to hold trademarks, IP and develop work through,” the report said. All of the entities are located in Delaware, which, Forbes noted, is “a renowned tax haven.” The couple founded a charity named Archewell in early 2020 and later added Archewell Audio and Archewell Productions.Īccording to a January 2022 Forbes report, there are 11 companies and a trust under the Archewell umbrella. The honorary military appointments and Royal patronages held by The Duke and Duchess will therefore be returned to Her Majesty, before being redistributed among working members of The Royal Family,” read a statement issued by the palace.ĪM Select British Royal Family: Guide To The Line Of Succession To The Throneīy Augustman Malaysia, Sep 26 How Prince Harry and Meghan manage their funds “Following conversations with The Duke, The Queen has written confirming that in stepping away from the work of The Royal Family it is not possible to continue with the responsibilities and duties that come with a life of public service.

She ended her statement, saying, “These are complex matters for my family to resolve, and there is some more work to be done, but I have asked for final decisions to be reached in the coming days.”Ī year later on 19 February, Buckingham Palace announced that the couple had confirmed to Queen Elizabeth II of their decision to permanently cease to be working royals.

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