Introduction
Prince Harry, the Duke of Sussex, has been in the public eye for most of his life. With his recent departure from the royal family, he has taken on a new chapter in his life. While he and his wife, Meghan Markle, have stated that they want to become financially independent, many still wonder how he makes a living. In this article, we’ll explore the various sources of income that Prince Harry has, his financial situation before and after leaving the royal family, and his work with charities.
The Sources of Prince Harry’s Income
Prince Harry has a new role at a mental health start-up, BetterUp. As its Chief Impact Officer, he is responsible for helping to promote mental health and well-being. While the exact amount of his salary for this role is still unknown, it’s said to be a six-figure sum. In addition to this role, he also receives speaking fees for engagements and conferences he participates in. Reports suggest that his fee for speaking engagements ranges from $300,000 to $500,000 per appearance.
Prince Harry also earns money through various investments, including stocks, property, and land. He also engages in brand collaborations. He partnered with Oprah Winfrey to produce a mental health series for Apple TV+ called “The Me You Can’t See.” He also signed a four-book deal with Penguin Random House, which includes one memoir and three children’s books.
Prince Harry’s Financial Situation Before and After Leaving the Royal Family
Prince Harry’s net worth is estimated to be around $40 million. Before leaving the royal family, his finances were primarily funded by the Duchy of Cornwall. This is a portfolio of investments and properties that are owned by Prince Charles, his father. In 2020, Prince Harry and Meghan announced their decision to step back from their roles as senior members of the royal family. This decision affected Prince Harry’s finances significantly. As part of the deal, he and Meghan agreed to give up their Sovereign Grant, which is public funding for the royal family’s official duties.
However, Prince Harry and Meghan have been able to maintain their lifestyle. They purchased a $14.7 million home in Los Angeles in 2020 after spending several months residing at Tyler Perry’s Beverly Hills mansion as they first moved to the United States.
Prince Harry’s Work with the Invictus Games Foundation
Prince Harry is the founder of the Invictus Games Foundation. This organization focuses on using sport to help wounded or injured service personnel and veterans with their recovery and rehabilitation. Prince Harry serves as the patron of the foundation and is involved in fundraising and event planning. Through his involvement with the Invictus Games Foundation, he has generated income for himself and the organization.
The Invictus Games Foundation is funded through a combination of corporate partnerships, philanthropic donations, and government grants. Prince Harry’s contribution to the foundation, both financially and through his work in raising awareness, has helped to ensure its success.
The Financial Implications of Prince Harry and Meghan Markle’s Decision to Become Financially Independent from the Royal Family
Prince Harry and Meghan’s decision to leave the royal family was a significant move that came with numerous financial implications. Following their announcement in January 2020, the couple was no longer able to rely on their former sources of income. As part of their plan to become financially independent, they set out to establish themselves as entrepreneurs and work on a range of commercial opportunities.
One of the challenges they face is maintaining their role as public figures while not using their royal titles to promote products or brands. They have set up a non-profit organization called Archewell which has the potential to generate revenue through various means, including a production company and a wellness website. They have also signed deals with companies like Netflix and Spotify.
The Controversy Surrounding Prince Harry’s Apple TV+ Deal
Prince Harry’s deal with Apple TV+ has faced criticism from some quarters. The criticism suggests that he is profiting from his royal status. However, those who support the deal argue that he has every right to use his platform to raise awareness about mental health issues.
Prince Harry has always been a vocal advocate of mental health awareness. Through his various roles in charitable organizations, he has been able to bring attention to the issue. The partnership with Apple TV+ has become another avenue for him to continue this work.
Conclusion
Prince Harry has been able to establish himself as a successful entrepreneur following his departure from the royal family. His new role at BetterUp, his investment ventures, and philanthropic work have allowed him to maintain a high standard of living. While his departure from the royal family has not come without its financial challenges, it has also given him the opportunity to explore new opportunities.
As Prince Harry continues to establish himself in his new roles, there will undoubtedly be new opportunities for him to generate income. His commitment to mental health initiatives and charitable work ensures that he will continue to make a positive impact on society.