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- Do you have any?
- [Host] Prince Harry's Memoir "Spare" is the latest release
from the Duke and Duchess of Sussex's vast portfolio
of shows, podcasts and books.
After stepping down as working members
of the British Royal family in 2020,
no longer paid to represent the Crown,
the couple have explored new income streams
as the next chapter of their lives unfolds.
Here's what we do and don't know
about how Harry and Meghan make their money.
- [Reporter] Harry, are you pressing money before family?
Are you pressing money before family?
(group chattering)
- [Host] In "Spare", the title and nod to having heir
and a spare to the throne.
Prince Harry speaks about topics ranging
from physical altercations with his brother William
to losing his virginity to an older woman behind a pub.
The couple signed a book deal
with Penguin Random House widely reported
to be worth $20 million
which includes the headline grabbing Memoir.
- I called my publishers rep right away and said,
put me on the list.
- The story is interesting because it keeps evolving.
- I'm sure it's partially due to a lifestyle
that they want and what can they sell?
- [Host] On the day of its release, "Spare" was at the top
of Amazon's best sellers list alongside the book deal,
there are multi-year agreements with Netflix and Spotify
reported to be worth roughly $120 million.
Harry and Meghan will make content for the two platforms
through divisions of their Art Trail organization.
Their first offering for Netflix,
a six-part documentary series had the streaming services
biggest debut for a documentary titled by hours viewed
the company said.
- [Harry] We all have greatness within us.
- [Host] Harry also has a job at the Silicon Valley
startup Better Up as Chief Impact Officer.
His compensation package was not disclosed
but jobs with that title boast an average salary
of $140,000 according to talent.com.
The due conductors also received an unknown
but substantial sum from Harry's father,
according to a spokesperson,
all together that would total a lot more than the sum
they received from then Prince Charles in 2020.
Financial releases from his estate reveal
the Sussex's, along with William and Kate
shared around $5.4 million to fund their activities.
Now, Harry and Meghan have security costs
and living expenses to worry about.
They live in Montecito, California
where they bought a home for over $14 million
and there was the small task of paying the Crown back
the estimated 3 million it cost to renovate Frogmore Cottage
in Windsor, Harry and Meghan lived there
after they were married, until they moved to the US.
Leaving the family business, so to speak,
has opened up a world of new opportunities for the couple
but their sources of revenue are less secure.
At least King Charles III has a guaranteed income
from his property estates and public funding.
Representatives of the Duke Duchess
didn't immediately respond to a request for comment.
It is possible Harry and Meghan will need to continue
making commercial deals to sustain their lifestyle.
(upbeat music)