A few days into 2023, Prince Harry’s highly anticipated memoir, “Spare,” is already becoming the book event of the year. Whether they like the prince or not, millions of people are expected to buy the book because it promises to reveal the secret secrets of the royal family and shed light on the members’ often intimate relationships.
Due to the unexpected early release of the book in Spanish and the numerous television interviews the Prince gave to promote it, headlines have already been generated. Those who support the prince think it’s time he told his side of the story.
At the same timethose who see Harry as the worthless man claim the incident is nothing more than a publicity gimmick to raise money for the prince’s bank account, which has been empty since his official divorce from the royal family.
But how much money is expected to be made from the book and how much money would Harry make from it and from his big Netflix deal? Here you will find all the information you need.
What is Prince Harry’s net worth?
Estimating Prince Harry’s potential net worth is challenging as the exact sum of money he has is not known to the general public. However, many publications have claimed that Harry and Meghan’s net worth is about $60 million (£49.2 million).
How much will Harry earn from ‘reserve’?
When Harry’s memoirs were first announced set to be published by Penguin Random House in July 2021, it was believed he had been secretly working on revisions to the book for a year.
At that moment, Page six said Harry would get at least $20 million (£16.4 million) upfront for the release of his memoir and co-author Harry’s ghostwriter JR Moehringer would get at least a million (£820,000) upfront. While Harry promised that all book sales would go to charity, the website stated that “it’s not yet clear if he’ll keep the million-dollar advance.”
According to The GuardianHarry has already given $1.5 million (£1.2 million) to Sentebale, a charity he and Prince Seeiso of Lesotho set up to support vulnerable children and young people living with HIV/AIDS in Lesotho and Botswana, and £300,000 to WellChild, a non-profit organization that enables children and adolescents with serious medical needs to receive treatment at home rather than in a hospital.
Spare isn’t the only book Harry and Meghan are expected to publish; in fact, the memoir is believed to be part of a four-part publishing deal. According to reports, that deal also includes a wellness handbook from Meghan and a second book from Harry to be released someday “after the Queen’s death.” The topic of the fourth episode has not yet been revealed.
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How much did Harry’s contract with Netflix cost?
Harry and Meghan signed a lucrative contract Netflix worth over £100 million to produce documentaries, children’s programmes, scripted shows and feature films seven months after announcing their intention to step down as senior working royals in 2020 due to family disputes and challenges with royal life.
In a statement at the time, Meghan and Harry said: “Our focus will be on generating material that is both educational and inspiring. Creating motivational family programming is vital for us as newlyweds. The six-part docuseries “Harry & Meghan,” which premiered on Netflix on Thursday, December 8, was the first product of that deal just a few weeks ago.
The audio division of Harry and Meghan’s Archewell production company, which was formed to “produce programs that uplift and entertain audiences around the world,” also signed a lucrative deal with Spotify at the same time as the Netflix deal.
This division is currently working on projects that will be streamed on Spotify. Episodes of Meghan’s podcast ‘Archetypes’ are already available on Spotify.
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