The couple could beat Barack and Michelle Obama’s record for the biggest advance ever paid in an editorial contract, surpassing the $ 65 million mark
Prince Harry and actress and duchess Meghan Markle patented more than 100 items in the six months prior to the announcement of their removal from the British Royal Family. According to the English newspaper Daily Mail, the couple already has an estimated fortune of £ 34 million, more than 180 million reais. However, they could get even richer with the patents on products like shirts, jackets, diaries, and gloves that make use of their image.
The publication reports that all patented products over the past six months have been registered in the name of the couple’s Sussex Royal Foundation. The newspaper draws attention to the fact that Harry and Markle’s announcement that the two intend to become “financially independent” of royalty, but with the products they record is unlikely to have any life-long financial problems.
Markle and Harry’s decision to resign their royal duties and privileges was made public through their joint Instagram account. Unveiling their new plans, they said they have plans to no longer live full time in the UK. Today Harry is the sixth in the line of succession to the British throne – behind his father, Charles; his brother, William; and his three nephews, George, Charlotte, and Louis.
The Daily Mail also spoke to a publishing source who said he thought it was possible that Harry and Markle could break the record value for a book advance, now owned by former US President Barack Obama and his wife Michelle Obama. The agent said he did not doubt whether publishers would offer more than $ 65 million to Harry and Markle as a contract entry for one book each.
“Their financial power is unlimited,” the newspaper source said. “Whether with partnerships or advertising, they could make up to nine digits a year on contracts of this type. Brands go with everything behind them and the sky is the financial limit for both in North America, ”he said.
“We are looking at a similar situation to Michelle and Barack. They will definitely follow their model and everyone will want to work with them, everyone is obsessed with royalty, ”he said.
The record $ 65 million advances paid for Obama books was made in 2017. Michelle’s book was released in 2018 and has sold over 10 million units, making it one of the biggest bestsellers of all time. Obama’s work has not yet reached the bookstores.