How do Meghan Markle and Harry make money? Unpacking the Royal Duo's Post-Palace Finances
Since stepping down as senior royals in early 2020 and officially leaving their royal duties behind in March of the same year, Prince Harry and Meghan Markle have embarked on a new chapter of their lives, one that is largely independent of the Sovereign Grant that previously funded their public engagements. For many Americans, a key question is: how do Meghan Markle and Harry make money? The answer is multifaceted, involving a diverse range of business ventures, media deals, and philanthropic endeavors, all aimed at securing their financial future and supporting their chosen causes.
Archewell: The Umbrella Organization
At the heart of their financial strategy lies Archewell, a non-profit organization they established. Archewell encompasses several key areas:
- Archewell Foundation: This is their primary charitable arm. It focuses on specific areas such as supporting community resilience, promoting mental wellbeing, and advocating for gender equality. Donations to the foundation are tax-deductible in the United States.
- Archewell Productions: This is their media production company. It's responsible for creating content across various platforms, including documentaries, films, and television series.
- Archewell Audio: This arm focuses on audio content, most notably their podcast deal.
While the foundation's primary goal is philanthropic, it can also incur operational costs that need to be managed. The production and audio arms are designed to generate revenue.
Major Media Deals Fueling Their Income
A significant portion of Meghan and Harry's income stems from lucrative media deals. These agreements have been instrumental in establishing their financial independence. The most prominent among these are:
- Netflix Deal: In September 2020, Archewell Productions announced a multi-year deal with Netflix. While the exact financial terms are not publicly disclosed, reports from various reputable sources suggest the deal is worth tens of millions of dollars, potentially ranging from $50 million to over $100 million. This deal allows them to produce documentaries, docuseries, feature films, scripted shows, and children's programming. Some of their notable projects under this deal include the docuseries "Harry & Meghan" and the documentary "Heart of Invictus."
- Spotify Deal: In December 2020, Archewell Audio signed a reported multi-year deal with Spotify to produce and host podcasts. This partnership was valued at approximately $20 million. Under this deal, they launched their podcast series, "Archetypes," hosted by Meghan Markle, which explored the labels that hold women back. While the partnership was initially announced with enthusiasm, it was later reported that the deal had concluded without being renewed by Spotify.
These large-scale media agreements provide a substantial and consistent stream of income, enabling them to fund their other ventures and personal expenses.
Book Deals: A Lucrative Literary Endeavor
Prince Harry has also capitalized on his unique perspective through significant book deals:
- "Spare": In January 2026, Prince Harry released his memoir, "Spare." This highly anticipated book broke sales records and was a commercial success. The deal with Penguin Random House was reportedly worth upwards of $20 million, with some estimates suggesting it could be as high as $35 million or more, considering potential advance payments and royalties. The book offers a candid and often controversial look at his life within the royal family.
- Children's Book: Meghan Markle also penned a children's book, "The Bench," which was released in June 2021. While not on the same financial scale as "Spare," it also contributed to their income and served as a personal project.
These literary ventures have proven to be financially rewarding and have further solidified their presence in the public sphere.
Speaking Engagements and Royal Patronages
While they are no longer receiving public funds for royal duties, Harry and Meghan do engage in paid speaking engagements. These appearances, often at high-profile conferences and events, can command significant fees. They leverage their global recognition and unique experiences to discuss topics such as mental health, conservation, and philanthropy.
Additionally, they continue to hold patronages with various charities and organizations. While these roles are primarily voluntary and driven by a desire to support specific causes, some patronages may involve the organizations covering travel expenses for engagements. It's important to note that they are not directly paid for these patronages.
Investment and Business Ventures
Beyond media and books, the couple has also explored other avenues for income and investment. For example, they have invested in companies that align with their values. One notable investment was in Mindful, a mental wellness company, which is in line with their ongoing focus on mental health advocacy through the Archewell Foundation.
Meghan Markle also has her own business ventures, such as her former lifestyle brand, The Tig, which she closed before her marriage to Prince Harry. While it is currently inactive, there is speculation about its potential revival or the creation of new lifestyle-focused businesses in the future, which could generate revenue.
The Question of Royal Funding
It's crucial to clarify that since their departure from senior royal roles, Meghan and Harry no longer receive funds from the Sovereign Grant. This grant is specifically for the reigning monarch and the public duties associated with the Crown. Any financial support they may have received from Prince Charles prior to becoming fully independent has also been reported to have ceased.
Their financial independence is a deliberate choice, allowing them the freedom to pursue their own projects and define their public service on their own terms. The diverse streams of income they have cultivated demonstrate a strategic approach to building a sustainable financial future, separate from the traditional royal funding model.
Frequently Asked Questions
How did Meghan and Harry fund their move to the United States?
Initially, after stepping back, they reportedly received some financial assistance from Prince Charles. However, they have since become financially independent through their various business and media ventures, allowing them to fund their lifestyle and operations.
Why did Meghan and Harry step down from their royal duties?
They cited a desire for a more private life, freedom from the intense scrutiny of the British tabloid press, and the ability to pursue their own philanthropic and commercial endeavors without the restrictions of being senior working royals.
What is the Archewell Foundation's primary mission?
The Archewell Foundation's mission is to drive systemic change and create impact through compassion and community-led work. It focuses on areas like mental wellbeing, gender equality, and building resilient communities.
Are Meghan and Harry still paid by the British Royal Family?
No, they no longer receive any funding from the Sovereign Grant or the British Royal Family for their public or private lives. They are entirely self-funded.
