Prince Harry and Meghan Markle’s Financial Journey Since Leaving Royal Life

Prince Harry and Meghan Markle have ventured into a new chapter of their lives post their royal exit, and it seems their financial endeavors are proving to be quite successful.

The Duke of Sussex reportedly secured a substantial £16 million deal for his book, Spare, adding to the impressive £109 million the couple has amassed through media agreements with Spotify and Netflix.

Despite these lucrative ventures, the costs associated with their lavish lifestyle and heightened security measures raise questions about their financial peace of mind.

The latest addition to the Sussexes' media portfolio is Prince Harry's memoir, Spare, which marks a significant milestone in their post-Megxit journey.

Released as part of a reported four-book deal with Penguin Random House, Spare has already sold a remarkable 750,000 copies since its launch on January 10, establishing itself as the fastest-selling non-fiction book to date.

The memoir delves into intimate details, including alleged conflicts within the royal family, such as a physical altercation between Harry and William, as well as tensions involving Meghan and Kate.

In addition to the book deal, Harry and Meghan inked an estimated £18 million partnership with Spotify in 2020, although the production process encountered obstacles along the way.

Reports surfaced in January 2022 suggesting that Spotify had taken control of the project due to delays in content delivery from the Sussexes, leaving the future of the collaboration uncertain.

While their presence on Archetypes was minimal, the couple did release a holiday special in December 2020, featuring notable guests like Elton John and James Corden.

The Sussexes also made headlines with their Netflix agreement, reportedly earning £88 million for their documentary series released in December 2021, which quickly climbed the ranks to become one of the streaming platform's most successful documentaries.

Despite their financial independence post-royal life, Harry revealed during an interview with Oprah that he relied on an inheritance from Princess Diana to fund their ventures, emphasizing its crucial role in their pursuits.

Diana's estate, valued at £13 million, was split between William and Harry, with the latter receiving approximately £10 million.

While the couple has undoubtedly reaped substantial rewards from their media engagements, their expenditures are equally notable.

In 2020, Harry and Meghan invested in a $14.7 million residence in Montecito, California, joining a prestigious neighborhood that includes notable figures like Oprah Winfrey and Ellen DeGeneres.

Their annual security expenses, estimated to range from $2 to $3 million for comprehensive protection, underscore the ongoing threats faced by the couple, particularly Meghan, as highlighted by former Metropolitan Police counterterrorism chief Neil Basu.

The financial landscape for Prince Harry and Meghan Markle post-royal life reflects a blend of lucrative opportunities and significant commitments.

As they navigate this new chapter with a mix of business acumen and personal investments, the couple continues to draw attention for their strategic moves and high-profile partnerships.

The evolution of their financial journey serves as a testament to their resilience and adaptability in carving out a distinct path beyond the confines of traditional royal duties.

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