Prince Philip Net Worth: Queen Elizabeth’s Husband Has His Own Fortune

Prince Philip turns 97 on June 10, and although no official celebrations have been announced, if last year’s celebrations are any indication, there won’t be much fanfare for the retired royal. In 2017, the British royal family member spent his birthday at his home in Windsor Castle, ITV reported.

Although the Duke of Edinburgh has not been seen at many public engagements lately, he did make an appearance at Prince Harry and Meghan Markle’s wedding, despite concerns that he would not be recovered from his April hip surgery on time.

In honor of Prince Philip’s date of birth, take a look at his royal wealth and learn how he ended up marrying one of the richest royals in the world.

Prince Philip, Duke of Edinburgh's Net Worth: $30M

Prince Philip’s net worth is $30 million, according to Celebrity Net Worth. As Queen Elizabeth II’s husband, Prince Philip receives a portion from the official funding she receives. Queen Elizabeth — net worth, $600 million — receives funds from the Sovereign Grant, money provided by the British government to support her official duties; the Duchy of Lancaster, a portfolio of land, property, and assets held in trust for the British sovereign; and Queen Elizabeth’s personal income from investments and privately owned estates. For the 2016 to 2017 financial year, expenditure met by the Sovereign Grant totaled £41.9 million ($56.2 million).

Prince Philip — also known as Philip Mountbatten — was also royalty before he married Queen Elizabeth II: His father was Prince Andrew of Greece, and his mother was Princess Alice of Battenberg, so he held the title of Prince of Greece and Denmark.

Queen Elizabeth and Prince Philip

Prince Philip first met Elizabeth, who was then a princess, in 1939 during her family’s visit to the Royal Naval College, where he was a cadet. At the time, he was 18 and she was 13. They exchanged letters for years, and he visited her at Buckingham Palace — a world-famous architectural wonder you can see for free — and during the summer of 1946, he stayed at the Balmoral estate for three weeks.

In July 1947, they announced their engagement, and they married four months later at Westminster Abbey. In 1952, Elizabeth ascended to the throne, and Philip began his career as the official companion to the sovereign. In 2009, Prince Philip became the longest-serving British consort. Prince Philip and Queen Elizabeth have now been married over 70 years.

Find Out: Meghan Markle Net Worth — From Actress to Duchess of Sussex

Why Is Prince Philip Not King?

The husband of the queen of England is known as the “prince consort” rather than “king.” In 1957, the palace issued a statement declaring that Philip’s official title would be His Royal Highness The Prince Philip, Duke of Edinburgh.

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Prince Philip's Grandchildren

Prince Philip and Queen Elizabeth’s children are also royals. They have four children together:

• Prince Charles, Prince of Wales
• Princess Anne, The Princess Royal, who is one of the richest princesses in the world
• Prince Andrew, Duke of York
• Prince Edward, Earl of Wessex

Prince Philip also has eight grandchildren:

• Peter Mark Phillips
• Zara Phillips
• Prince William
• Prince Harry
• Princess Beatrice
• Princess Eugenie
• Lady Louise
• James, Viscount Severn

Prince Philip's Royal Family Net Worth

Prince Philip isn’t the only one in his family worth millions. Take a look at the net worths of some of his richest children and grandchildren:

• Prince Charles net worth: $100 million
• Prince Andrew net worth: $75 million
• Prince Edward net worth: $45 million
• Prince William net worth: $40 million
• Prince Harry net worth: $40 million
• Princess Anne net worth: $30 million
• Peter Mark Phillips net worth: $20 million
• Zara Phillips net worth: $20 million
• Princess Beatrice net worth: $5 million

Click through to read 16 surprising facts about the British royal family’s money.

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About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 

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