The wedding of Prince Harry and Meghan Markle was astonishing. But what is the financial implication of a wedding like that? Experts have come up with an estimated figure on the cost of the wedding, and it ranks as one of the 10 most expensive weddings ever.
It has been estimated that the ceremony cost roughly £32 million – or $43 million, which is 60% more than the 2011, Duke and Duchess of Cambridge’s wedding, which was £20 million. Now, that is mind-blowing; for the single event it costs more than the average person would make in ten lifetimes.
For the money spent on the royal wedding, you’d be able to pay for over a thousand weddings in the United Kingdom, Canada, Australia or the United States. On the average, a wedding in the US costs $25,000 – but a lot of couples try to keep their budget below $10,000. So that begs the question, what caused Harry and Meghan’s wedding to cost so much? Here is a breakdown.
£350,000 on Meghan’s dress
£300,000 to hire the glass marque
£110,000 on flowers
£90,000 for 20 silver-plated trumpets
£26,000 on food and drinks for the 2,640 members of the public who were invited
£50,000 for the wedding cake
£30,000,000 on security
That’s a lot of money on security – but with the recent terrorist attacks in Europe and the possibility for one to occur at such a big event such as a Royal Wedding, it was worth it.
Unfortunately, tax payers paid for the security – but they’ve been assured that the Royal Wedding will boost Britain’s economy, providing £500 million in tourism and merchandise. The remainder of the wedding costs were paid for by the Royal Family, however it’s reported that Meghan paid for her own dress.