Prince Harry and Meghan Markle have been actively pursuing various business deals since stepping down as senior working members of the royal family in their quest for financial independence. However, one of their major deals recently came to an end, as Spotify announced they would not be renewing Meghan’s podcast, Archetypes, for a second season. The £18 million agreement was one of the largest ever signed for a new podcast.
Despite this setback, the couple has secured other significant sources of income. One of their most lucrative deals is with Netflix, with reports suggesting it could be worth $112 million. Their docuseries, “Harry & Meghan,” became Netflix’s second most-watched show after its release in December. They are also involved in other projects with Netflix, including a series called “Live to Lead” and a documentary called “Heart of Invictus,” focused on Harry’s successful Invictus Games.
In a joint interview with Harry, Meghan told DealBook: Publishing has also been a significant income stream for Harry and Meghan. Harry’s controversial memoir, “Spare,” sold 750,000 copies in the UK alone, and it is part of a reported four-book deal worth £16 million. Meghan authored a children’s book called “The Bench,” which likely received a substantial advance, potentially around £500,000.
In terms of employment, Harry joined San Francisco-based start-up BetterUp as the “Chief Impact Officer.” He promotes mental fitness, expands the company’s roster of coaches and customers, and appears in promotional videos. Although the exact compensation remains undisclosed, industry experts suggest it could range from £500,000 to £2 million per year, reported MailOnline.
Meghan has ventured into start-up investments, including backing the vegan brand Clevr Blends, a company that produces instant oat-milk lattes. She appeared in promotional videos and is described as the brand’s “first investor, advisor, and biggest advocate.” The value of the deal is unknown. The couple has also become investors in the sustainable investment firm Ethic, which focuses on companies with acceptable environmental and social goals. The exact investment amount and compensation remain undisclosed.
Rumors have surfaced that Meghan might sign a lucrative deal with Dior, joining the likes of Rihanna and Jennifer Lawrence. While details are scarce, Meghan’s affinity for Dior and her previous support of the brand have fueled speculation.
Prince Harry and Meghan Markle continue to explore various business ventures and investments as they pursue financial independence. Through their diverse range of projects and partnerships, they aim to build a portfolio that aligns with their values and positively impacts the world.
