How Harry and Meghan Make Money: A Detailed Overview
Harry and Meghan, the Duke and Duchess of Sussex, have transitioned from their royal roles to a life of entrepreneurship and public service. Their financial endeavors are diverse and have grown significantly since their departure from the British monarchy. Let’s delve into how they make money.
1. Royal Sources of Income
Before their royal exit, Harry and Meghan had access to various sources of income through their royal titles. These included:
| Income Source | Estimated Annual Income |
|---|---|
| Royalty Payments | $1.5 million |
| Royalty Surveys | $1.5 million |
| Royalty from the Queen | $1.5 million |
| Royalty from the Duchy of Cornwall | $1.5 million |
These payments were a combination of fixed sums and a percentage of the Duchy of Cornwall’s profits, which is a private estate owned by the British monarch.
2. The Archewell Foundation
The Archewell Foundation, established by Harry and Meghan in 2020, is a non-profit organization aimed at supporting communities and causes they are passionate about. While the foundation itself does not generate significant income, it has opened doors for other revenue streams.
3. Brand Partnerships and Endorsements
Harry and Meghan have leveraged their global fame to secure lucrative brand partnerships and endorsements. Some of their notable collaborations include:
- Netflix: They have a multi-year deal with Netflix, which includes producing content and earning a percentage of the profits.
- Smartwater: Harry and Meghan have endorsed Smartwater, a bottled water company, since 2018.
- Reformation: They have a partnership with the sustainable fashion brand, which includes a line of products and a percentage of sales.
4. Speaking Engagements and Appearances
Harry and Meghan have been in high demand for speaking engagements and appearances, which have generated significant income. They have spoken at events, conferences, and charity galas, often charging a fee for their time.
5. Book Deals
The couple has also secured book deals, with their memoir, “Finding Freedom,” being one of the most notable. The book, released in August 2020, has sold millions of copies worldwide.
6. Real Estate Investments
Harry and Meghan have been involved in real estate investments, including purchasing a home in Santa Barbara, California, and a property in Montecito. While the specifics of their real estate investments are not widely known, it is believed that they have made significant profits from these ventures.
7. Public Speaking and Consulting
Harry and Meghan have been involved in public speaking and consulting, offering their expertise on various topics, including mental health, social justice, and environmental issues. They have charged fees for these services, which have contributed to their income.
8. Charitable Contributions
In addition to their personal income, Harry and Meghan have made significant charitable contributions. They have donated millions of dollars to various causes, including the COVID-19 relief fund and the organization “One Young World.”In conclusion, Harry and Meghan have diversified their income sources since leaving the British monarchy. Their ventures range from non-profit work to lucrative brand partnerships and speaking engagements. As they continue to build their careers, it is expected that their income will continue to grow.
