Royal baby Archie should provide staggering boost to U.K. economy

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The United Kingdom’s most popular couple, Meghan Markle and Prince Harry, finally welcomed their long-awaited son, Archie Harrison Mountbatten-Windsor, into the world this week.

Even though he’s a newborn child, his birth is sure to help boost the British economy.

A retail expert told Hello Magazine that Archie could help increase sales in children’s clothes and products by about $1.5 billion over the next two years.

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And that’s nothing compared to how much his cousin, Prince George, generated in Britain. The son of Prince William and Kate Middleton reportedly helped bring in $3.6 billion.

The royals themselves can claim hefty net worths, too.

Forbes reports Queen Elizabeth II has the top spot at $500 million. Prince Harry could be worth up to $40 million, while his wife Meghan Markle is reportedly worth around $5 million.

When you add up the royal family’s combined value, they have an estimated net worth of $88 billion. That should be enough to provide Prince Archie with quite the luxurious upbringing.

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