Sunday, 17 Nov 2024

Meghan and Harry could become ‘world’s richest personal brand’, says expert – ‘Achievable’

Harry and William's dynamic 'changed after Meghan' says Nicholl

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Before their royal wedding in 2018, Prince Harry was believed to be worth around £30.5million and Meghan Markle an estimated £3.5million thanks to her acting career as reported by The Sun. Since the couple decided to leave the Firm and relocate to California to work for themselves, their income has kept on increasing following different new ventures.

In a statement shared on their official Instagram page on Jan. 8, the Duke and Duchess of Sussex said that, as they transition away from their role as “senior” royals, they plan to “work to become financially independent, while continuing to fully support Her Majesty The Queen.”

According to Andrew Bloch, a branding expert, founder of Frank PR and spokesperson for Lord Alan Sugar, the couple is on the verge of owning “the world’s richest personal brand.”

“Since moving to California and stepping down as working royals, Harry and Meghan have secured a number of lucrative business deals and personal endorsements which have seen their personal wealth rocket,” the expert told The Sun.

“I would estimate their combined net worth is circa £250million.

“They are really making the most of their newfound status, and their potential to become the world’s richest personal brand looks imminently achievable.

“Them becoming a billion-dollar brand is certainly not out of the question.

“Sky is limitless.”

In his estimation of the couple’s worth, Mr Bloch considered everything from entertainment deals (Netflix, Spotify, Apple) to Harry’s role within the BetterUp start-up as CIO (Chief Impact Officer).

The Sussexes just recently took another position as advisors to financial firm Ethical on top of having shares in a vegan coffee business supported by their friend Oprah Winfrey.

The pair have also signed up with the elite New York firm the Harry Walker Agency which manages their public speaking engagements.

Clients of the agency include the Obamas and Meghan’s friend Serena Williams.

Former US president Barack Obama reportedly earned nearly $400,000 (£320,000) for one 2017 speech negotiated by the agency.

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Although Prince Harry received a £14.5million advance for his 2022 memoir, he is reportedly going to donate the proceeds to charity.

Still, expert Andrew Bloch estimates that the couple now earns around £250 million per year since quitting their job at The Firm.

The couple’s brand is set to grow even more as Meghan is supposedly working on her own beauty line.

Adding their name to the list of rich celebrity power couples, Harry and Meghan remain far from Kim Kardashian-West and Kanye West who top the ranking as they are worth £3billion together.

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