Prince Harry and Meghan Markle ended their association with the Palace as working royals on January 2020. The Duke and Duchess had no financial security or a source of income when they moved to California. However, over the years, there has been no change in the couple’s extravagant lifestyle. They are bringing their children Archie and Lilibet in the lap of luxury.
Soon after their relocation to the United States, Harry and Meghan made heads turn by purchasing a sprawling mansion in Montecito. The swanky cottage cost a staggering $14 million to the couple while they are now planning to make a move to Hope Ranch in a private estate that can be worth over $22 million. From where the Sussex royals are minting money to fund their luxurious lifestyle?
Prince Harry and Meghan Markle’s deals and endorsements
Just months after their move to California, Harry and Meghan started collaborating with streaming platforms and brands to earn money. The couple has started Archewell Productions to build a career in the media industry. One of the major sources of income for the Sussexes is their $100 million deal with Netflix.
Harry and Meghan signed the multimillion-dollar deal with the American streaming giant to produce content in the form of docuseries, fiction, and children’s programs. The couple might earn as much as $150 million from Netflix, considering the other incentives and bonuses. Meanwhile, they will also be getting a handsome amount of $18 million for a three-year deal with Spotify.
Meghan Markle has also started producing content for the music streaming service with her podcast Archetypes. Further, Prince Harry’s memoir is another massive source of income for the California-based royals. The royal sold the rights of his tell-all book to Penguin Random House and has minted approximately $20 million.
Prince Harry to do a corporate job
In June last year, Meghan released her children’s book called The Bench. For the writing, the Duchess was paid a whopping $700,000. The former actress has also invested in a startup called Clevr Blends. Though the amount of the investment is not known, the Suits alum is expecting a return in multi-millions as quoted by The Scottish Sun.
Moreover, Prince Harry has started his first corporate job as the Chief Impact Officer at a San Francisco-based mental health app. It is likely to earn a seven-digit figure from the new venture. All being said, there is no doubt that Harry and Meghan have properly planned their future. The couple does not seem to run out of money anytime soon in the future.
What are your thoughts about the financial planning of the Duke and Duchess?