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How does Prince Harry manage his finances?

How does Prince Harry manage his finances?

Prince Harry and Meghan Markle have navigated a financial rollercoaster since stepping away from the Royal Family in 2020.

After their departure, the Duke and Duchess of Sussex settled in the upscale community of Montecito, California.

In quick succession, they secured lucrative deals with major players such as Netflix and Spotify.

Their collaboration with Netflix in 2020 amounted to an impressive $100 million deal, resulting in the release of multiple projects. Among them was the 2022 documentary "Live to Lead," focusing on world leaders, and a six-part docuseries bearing their name.

In August, Prince Harry unveiled "Heart of Invictus," a documentary chronicling the annual Invictus Games.

Simultaneously, Meghan Markle hosted the podcast "Archetypes" as part of their $20 million agreement with Spotify, featuring conversations with prominent artists across 12 episodes.

However, their collaboration with the music streaming platform came to an end in June of the current year.

Prince Harry also boosted his income significantly with the release of his memoir, "Spare," in January.

In March 2021, he took on the role of Chief Impact Officer at the California-based company BetterUp.

During their time as senior royals, Harry and Meghan's annual income, totaling around £5 million or $6.9 million, covered expenses such as wardrobe, travel, security, and private costs. However, this funding ceased after their departure from senior royal positions, and Prince Harry lost his taxpayer-funded security.

Prince Harry acknowledged that the financial means for his move to the United States with his family were made possible through the £13 million inheritance left by Princess Diana and a substantial inheritance from his great-grandmother, the Queen Mother.

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