Prince Harry’s Book Deal and Financial Situation Revealed

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, have been making headlines since they stepped away from their royal duties in 2020.

While the couple may have taken a financial hit upon moving to the US, recent reports suggest that Prince Harry has secured a whopping £16 million for his book, “Spare.”

This adds to the £109 million the Sussexes have already made through media deals with Spotify and Netflix.

However, despite these lucrative deals, their luxurious lifestyle and the need for expensive security measures raise questions about their financial stability.

Prince Harry's memoir, “Spare,” is the latest media venture from the Sussexes, and it has already stirred controversy.

According to Forbes, this book is just the first in a reported four-book deal with Penguin Random House, earning the couple £16 million.

Since its release on January 10, “Spare” has sold a staggering 750,000 copies, making it the fastest-selling non-fiction book ever.

In the memoir, Prince Harry reveals details of an alleged fight with his brother, Prince William, where he claims to have been physically assaulted.

He also sheds light on multiple conflicts between Meghan and Kate.

Additionally, the prince has donated £1.2 million of the book's proceeds to charity.

Apart from the book deal, Harry and Meghan also secured an £18 million contract with Spotify in 2020.

However, production for their podcast series reportedly faced several challenges, leading The Sun to claim that Spotify had taken over the project due to a lack of content from the Sussexes.

It remains uncertain whether the series will return for a second season.

While Harry's presence in the media has been limited, the couple did produce a 35-minute holiday special in December 2020, featuring famous friends such as Elton John and James Corden.

In addition to their Spotify deal, the Sussexes signed a reported £88 million agreement with Netflix.

As part of this deal, they released a six-part docuseries in December 2021, which has become Netflix's second most successful documentary.

These media ventures have undoubtedly brought substantial financial gains to the couple.

However, it's important to consider their expenses as well.

In 2020, Harry and Meghan purchased a lavish $14.7 million home in Montecito, California, joining a neighborhood that includes notable figures like Oprah Winfrey, Ellen DeGeneres, and Ariana Grande.

While it is unclear if their $10 million mortgage has been paid off, the couple undoubtedly invested a significant amount in their new residence.

Furthermore, the Duke and Duchess of Sussex face substantial security costs.

According to Forbes, their annual security bill could range from $2 to $3 million for round-the-clock protection.

This may seem excessive, but it is necessary due to the real threats Meghan has faced from the far right.

Neil Basu, the former head of counterterrorism at the Metropolitan Police, revealed in November that she had been targeted with disgusting and credible threats.

In conclusion, Prince Harry and Meghan Markle have made substantial sums through their media deals since leaving the royal family.

However, their luxurious lifestyle and the need for expensive security measures raise questions about their long-term financial stability.

While their media ventures have brought them financial success, it remains to be seen how they will manage their ongoing expenses.