Since Prince Harry and Meghan Markle recently completed their move to North America, many things have changed for them, including where they get their income from.
As part of the royal family, the couple is no stranger to their lives being shown to the world to see, but there has been great interest in where the couple is going from here, now that they have formally cut ties with all royal duties.
Harry told James Corden in an interview last week that he had to go back and eventually withdraw from his royal duties, because: “We all know what the British press can be like, and it ruined my mental health. This is toxic. So I did what any man, what any father, would do. I have to get my family out of here. ”
Some have compared Harry and Meghan’s time in the spotlight to what Harry’s mother, Princess Diana, experienced when she died in a car accident while being chased by paparazzi after spending her life as a royal during a spotlight of scrutiny.
The couple is about to sit down with Oprah on Sunday in what is expected to be the most candid interview the couple has had so far, and apparently no topic is off limits.
The reason why the couple is moving away from their royal duties will probably be one of the hottest topics in the interview.
Prince Charles of Wales, Harry’s father, previously covered most of the couple’s expenses associated with royal duties, including staff and travel, which Forbes estimated at about $ 800,000 a year.
But the couple’s efforts and expenses will no longer be covered with royal money. Instead, the Duke and Duchess of Sussex must find a way to pay their bills.
And with the recent purchase of a $ 14.7 million home, the couple has a $ 10 million mortgage, after putting down $ 5 million, according to Forbes.
Fortunately, the two have revenue from Markle’s work in movies and television shows – an estimated $ 2 million last year in after-tax revenue.
Forbes estimates that the couple currently has about $ 5 million of nesting eggs.
With royal responsibilities behind them, however, Harry and Marlkle have expressed a desire to dedicate their lives to helping others, and they have some plans in place to help them pay to do so.
The two have mentioned plans to collaborate with Spotify during a live-streamed event that will feature Justin Bieber, Billie Eilish, Bruce Springsteen, Barack Obama and Ava DuVernay.
They also plan to produce programs and podcasts that “raise voices that may not be heard” for the exclusive streaming service.
According to Forbes, the three-year podcast agreement could be worth as much as $ 18 million, which could be about $ 3.5 million per year after tax.
Another way to earn a living is to get engaged. Last year, Harry spoke at a private JPMorgan summit that reportedly earned him $ 1 million.
But the source that the couple could potentially make the most money on is a $ 100 million five-year contract with Netflix to produce children’s programming, feature films, documentaries and documentaries.
While it is unclear how much the couple can shave each year, it is clear that they have what appear to be some pretty solid deals to ensure they are covered.