Meghan Markle, Prince Harry welcome baby boy: Cost of new royal baby

Meghan Markle has given birth to a royal baby boy.The Duchess of Sussex and Prince Harry welcomed their first child, who has yet to be named, on Monday morning.Raising a royal child can cost as much as $1 million, according to one estimate. Here's how much the royal baby has cost so far.Visit Business Insider's homepage for more stories.Meghan Markle has given birth to a baby boy.The Duchess of Sussex and Prince Harry welcomed their first child, who weighed in at seven pounds and three ounces, on Monday morning at 5:26 a.m. according to the couple's Instagram account. He does not yet have a name.“I'm very excited to announce that Meghan and myself had a baby boy this morning, a very healthy baby boy,” Harry said in the statement from Windsor cited by ITV. “It's been the most amazing experience I could ever have possibly imagined. How any woman does what they do is beyond comprehension. But we're both absolutely thrilled. We're both absolutely thrilled and so grateful for all the love and support from everybody out there, it's been amazing, so we just wanted to share this with everybody.”Buckingham Palace tweeted confirmation that Markle went into labor early Monday following an announcement of the couple's plans to keep the details surrounding the birth secret until they had time “to celebrate privately as a new family.”Raising a royal child isn't a cheap endeavor — one estimate put the cost of raising Prince George to adulthood at $1 million.While many details surrounding the birth of the latest royal baby haven't been revealed yet — except that he wasn't born in the Lindo Wing of St. Mary's Hospital in London, per royal tradition, according to CBS — here's how much the royal baby has cost so far.