In 2020, Prince Harry and Meghan Markle decided to resign from their duties as working royals of the British monarchy. Since their departure, they’ve entered into multiple high-profile, multi-year agreements, such as creating documentaries, authoring books, making podcasts, and more, which have fetched them an estimated $135 million, as reported by Forbes.
The duo no longer benefits from the royal family’s wealth, colloquially known as “The Firm,” worth approximately $28 billion as per Forbes estimates. However, they retain their Duke and Duchess of Sussex titles, granted to them by the late Queen Elizabeth on their wedding day, as per People.
In a candid conversation with Oprah in March 2021, Harry revealed that they are utilizing the inheritance from his mother, Princess Diana, to sustain their lifestyle after moving away from the royal family and settling in Los Angeles. He received a sizable inheritance, estimated at $10 million, as per The Telegraph.
Meghan had accumulated around $2 million from her successful acting career, with her most prominent role being Rachel Zane in the TV series Suits, according to Forbes.
As per Celebrity Net Worth, their combined net worth is believed to be around $60 million. Let’s delve into how they’ve amassed this fortune.
Harry’s explosive memoir, Spare, was a best seller, with over 3.2 million copies sold globally in its first week across print, audio, and digital formats, as noted by AP News.6. It’s speculated that this memoir is part of a $20 million multi-book deal as reported by The New York Times.
Harry chose to donate $1.5 million of the book’s earnings to Sentebale, a charity he co-founded aimed at supporting children and young people affected by HIV in Lesotho and Botswana.
Meghan is also an author, having published a children’s book, The Bench, in 2021 and reportedly received an approximate advance of $618,000 (£500,000), as stated by The Telegraph.
Agreement with Netflix
Upon departing from the U.K., the couple participated in several eagerly-awaited interviews, and a Netflix documentary that cataloged the events leading up to their exit from royal life.
In 2020, they inked a $100 million deal with Netflix to produce a diverse range of content, including documentaries, docuseries, scripted shows, feature films, and children’s programming, as disclosed by Forbes.
Their documentary, Harry & Meghan, set a new record on Netflix for documentary-viewing with over 81.55 million hours of global viewing in its premiere week, as per People. They also served as executive producers for another Netflix docuseries, Live to Lead, featuring interviews with global leaders like Ruth Bader Ginsberg and Greta Thunberg.
Partnership with Spotify
Vanity Fair reports that the Sussexes entered into a multi-year contract with Spotify, estimated at $25 million, in December 2020. They are to generate exclusive content for the platform via their production company, Archewell Audio.
Their first podcast on Spotify, Markle’s Archetypes, topped the charts on the streaming platform within weeks of its release in August 2022, as reported by Variety.
Property in Montecito
The couple’s primary residence is now situated in the celebrity-populated Southern California town of Montecito. Their home, valued at $14.7 million, adds substantially to their net worth, as indicated by Forbes.
Prince Harry and Meghan Markle Honor Veterans Day and Remembrance Day in Unique Ways
Prince Harry and his wife, Meghan Markle, continued their support of the veteran community with a personal visit to Camp Pendleton in San Diego this Wednesday. The following day, Harry revealed his new role as a global ambassador for the British charity, Scotty’s Little Soldiers.
Since their relocation to the U.S. in 2020, Prince Harry and Meghan Markle have actively involved themselves with the veteran community. Commemorating Veteran’s Day, they made a heartfelt visit to Camp Pendleton, where they interacted with active military personnel, veterans, and Gold Star Family members. The Archewell Foundation’s website reports that they visited Operation Bigs, a mentorship service that associates youngsters experiencing the stress of having a parent deployed with supportive figures.
At the same time, Harry hasn’t overlooked Remembrance Day, a British tradition honoring veterans. He proudly wore a poppy on his visit to Camp Pendleton and announced his new role with Scotty’s Little Soldiers, a UK-based charity supporting the children of fallen servicemen and servicewomen.
In his letter, Harry highlighted the significance of the charity’s work, empathizing with the challenges of losing a parent at a young age. He praised the strength of the Scotty’s community, emphasizing the importance of shared understanding and support.
Nikki Scott, founder of the charity, appreciates Harry’s unique insights, gained from both his military service and personal bereavement, making him the perfect fit for the role. She highlighted in a statement that Harry’s experiences resonate with their members and inspire trust.
Harry’s association with Scotty’s began in 2017, and upon marrying Meghan in May 2018, they chose the charity to receive donations instead of wedding gifts. Representatives from Scotty’s were present with King Charles at the 2022 National Service of Remembrance parade at the Cenotaph war memorial, symbolizing a connection between Harry and his royal relatives.