Meghan Markle and Harry turning ‘commercial’ says insider
Meghan and Prince Harry’s streak of financial deals is far from being over, according to international expert in reputation, brand and political strategy Eric Schiffer. He told Express.co.uk: “They have many things cooking now and I suspect we are going to see a lot more deals being announced.
“And it wouldn’t surprise me to see more deals within the Silicon Valley and other hot startup concepts because if they are focused on becoming the first billion-dollar royals that’s a real clear path.”
Prince Harry and Meghan announced in September last year they had signed a contract with Netflix.
This multi-year contract will see the couple creating TV shows, children’s programming and documentaries exclusively for the streaming giant via their newly-created Archewell Productions.
In December, the Duke and Duchess of Sussex unveiled another deal, this time with Spotify, which will see the couple creating through Archewell Audio a series of podcasts for the platform.
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But, after having sought contracts with world-leading giants in the streaming sector, Meghan has also shown an interest in local and smaller realities.
In December, it was revealed the Duchess of Sussex was investing in oat milk latte startup Clevr Blends.
In a statement, Meghan said: “This investment is in support of a passionate female entrepreneur who prioritises building community alongside her business.”
The size of her investment has not been disclosed.
Clevr Blends was founded in 2019 by Hannah Mendoza and Roger Coppola and describes itself as a “woman-led, mission-driven wellness company.”
The brand started as a coffee pop-up shop in Santa Barbara, where Meghan and Harry established their new home in California.
Mr Schiffer, commenting on this deal, said: “They are going to have more of these kinds of opportunities.
“To me, this is where their wealth is really going to grow because they can get access to these ventures that are positioned well for massive paydays.
“And that’s one of their smartest paths in many ways, strategically from a business standpoint.”
Meghan and Harry announced in January last year their intention to step back as senior royals.
Following a summit in Sandringham during which Prince Harry discussed with other senior royals the terms of what has become known as Megxit, the Duke and Duchess of Sussex agreed on stepping down as full-time working royals.
The royals’ agreement saw Meghan and Harry renouncing to carry out royal duties, despite having said they wanted to continue serving the Crown, and to use their HRH styles.
Prince Harry also relinquished his three honorary military titles, but he and Meghan were allowed to retain their other patronages.
In turn, the Sussexes were allowed to pursue the financial freedom they wanted and live abroad.
One year after their first bombshell announcement on Megxit, Meghan and Harry are said not to regret their life-changing move.
A source told People magazine: “Despite everything that has been going on this year, they don’t regret their move to the US.
“They love that they are able to focus on projects and causes that are important to them.”
Another insider close to the couple spoke about their newfound financial independence and how it matters to them.
They said: “It was always their dream to be financially independent and pay their own way.”
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