Income

Prince Harry’s memoir a ‘vital source of income’, royal expert says – he and Meghan Markle ‘spent money like water’

Prince Harry is currently writing a memoir which should be published before the end of the year. It will be published by Penguin Random House, and it’s billed as an “intimate and candid” look at the life of “one of the most fascinating and influential global figures of our time”.

According to a royal expert, however, a better description of the upcoming book is a “vital source of income” for the Duke and Duchess of Sussex. Apparently, Harry and his wife, Meghan Markle, “spent money like water”.

PrinceHarry | Kevin Winter/Getty Images for Global Citizen VAX LIVE

Prince Harry’s memoir will cover his ‘life in the public eye’

It’s true that Prince Harry has basically been a public figure all his life. As the youngest son of Prince Charles and the late Diana, Princess of Wales, Harry was introduced to the world – and the British media – just hours after birth with a photo op on the steps of the Lindo Wing of the Mary’s Hospital. .

Despite his mother’s efforts to protect her sons from the media and the public during their childhood, everything changed when she tragically died in a car accident in Paris in August 1997, when Harry was only 12 years old and Prince William was 15.

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In his new memoir, Harry will share for the first time ever “the definitive account of the experiences, adventures, losses and life lessons that shaped him”.

“Covering his life in the public eye from childhood to the present day, including his dedication to service, the military duty that saw him twice on the front lines in Afghanistan, and the joy he found in being a husband and a father, Prince Harry will offer an honest and captivating personal portrait, which shows readers that behind everything they think they know lies an inspiring, courageous and uplifting human story,” reads the Penguin Random House ad.

New memoirs are a ‘vital source of income’ for the Sussexes, claims royal expert

When Harry chose to step down as a senior royal and walk away from his family at the start of 2020, it meant financial separation from one of the wealthiest families in the world. But that was the point of the decision.

Harry and Meghan started Megxit because they wanted to do their own thing and be financially independent from the royal family. At first, the couple seemed to manage to make their own way by signing huge multi-million deals with Netflix and Spotify.

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Two years later, their Archewell brand appears to no longer be producing content or generating more revenue. But Harry and Meghan still have royal spending habits, claims royal expert Tom Sykes.

During an appearance on the Royally we podcast, the daily beast the royal correspondent explained how important Harry’s memoir would be to the Sussexes’ finances. And answered host Christina Garibaldi’s question about whether “a lot was rolling in this book” for Harry.

“I think there is and there is not. I think, you know, in a sense for them, so obviously the financial element is important. As far as I know they spent money like water,” Sykes said.

Prince Harry and Meghan Markle have big spending

The royal expert noted that Harry and Meghan have spent a lot of money on “homes, security and lawsuits”, which makes him believe the financial element of Harry’s book is “really important”. However, he is confident that the book will do well.

“That’s not going to be a problem, this book is going to win, in some sort of editorial parlance,” Sykes said.

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For his part, Harry says he writes this book “not like the prince” he was born, but “like the man” he has become.

“I’ve worn many hats over the years, literally and figuratively, and I hope that by telling my story – the ups and downs, the mistakes, the lessons learned – I can help show that few no matter where we come from, we have more in common than we think,” Harry said in a statement.

Harry’s memoir previously had a “late 2022” release date. However, it was not on Penguin Random House’s list of upcoming releases. It is therefore possible that this date has been pushed back to 2023.

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