Prince Harry may claim it’s all about public service, but he’s standing up for the dough — and creating his own empire where money is king.
Spear, the prince’s heartbreaking memoir, which he got for a $20 million advance, is an instant bestseller, breaking records in the US and UK with 1.4 million copies sold on its first day of publication last week.
He also reportedly made more than $100 million in a deal he and his wife, Meghan Markle, signed with Netflix and their for-profit company, Archewell Productions. The company has produced a six-part documentary series ‘Harry and Meghan’, which began airing last year.
The couple, who stepped down from their royal duties in 2021 – and lost a significant portion of their income in the process – is also working on another seven-part series for the streaming giant, featuring interviews with prominent leaders around the world.
Another for-profit company started by the couple, Archewell Audio, brokered a reported $25 million deal to produce podcasts for Spotify. Markle’s interview series “The Archetypes with Meghan” debuted last year amid the resignations of two of the company’s producers.
In addition, Harry, 38, has joined a host of other for-profits, including serving as an “impact manager” for a Silicon Valley executive and a mental health startup called BetterUp. The $5 billion company, which has worked with Google, Hilton and WarnerMedia, saw an uproar within its ranks when it reportedly cut salary for its therapists last year, according to The Daily Beast.
“A lot of us are upset now,” said one coach whose actual salary was to be cut by about a third. “I would say my heart is broken. And I think there is really questionable ethics going on.”
In the past year, BetterUp has held forums, plenary sessions, and one-on-one conversations with a therapist to “align coach pay and member impact,” a company spokeswoman told The Post Wednesday.
Last year, Harry and Markle joined the Ethic team, becoming “impact partners” in the asset management firm that invests in sustainable projects and businesses. The couple has also invested in the company, according to a press release on the Ethic website.
“They are deeply committed to helping address the defining issues of our time — such as climate, gender equality, health, racial justice, human rights, and the promotion of democracy — and understand that these issues are inherently interdependent,” the website says. “So much so that they became investors in Ethic earlier this year and have investments managed by Ethic as well.”
Ethic, which has more than $1.5 billion in investments under management, was founded in part by Australian Johny Mair, whose previous venture was “Sh-ter,” a company that printed personal Twitter feeds on a roll of toilet paper, which it sold for $35.
Ethic has a list of 50 geek employees, which the three founders have likened to “hippies”. Staff includes company dogs, all of which are mentioned on their website. Byron, a Labrador Retriever, is listed as “Chief Smile Officer” while Gigi is listed as “Security in Training.”
“If I help with leftovers, does that count as zero waste?” Note the quote on Gigi’s profile.
The company focuses on largely unregulated environmental, social and governance investing, which experts say raises questions and can be tricky. For example, funds can charge investors outrageous fees for investing in assets that may not comply with ethical guidelines.
It’s not clear how much Prince Harry earns from his roles on Ethic and BetterUp or whether he gets a salary from Travalyst Limited, the London-based non-profit he founded that partners with travel giants, such as Expedia and TripAdvisor, to promote more sustainable travel.
The prince appeared in a satirical promotional video for the travel nonprofit last year, being chased by a New Zealand “rating agent” with a lollipop wrapper, who he claimed the prince dropped on his royal tour of the country with Markle. Four years ago. In the video, Harry is jogging in a wooded area, wearing a T-shirt that says “Girl Dad” in block letters. The video ends with the ratings agent realizing that he was actually looking for singer Harry Styles, not “Harry Styles”.
“While travelers have long been able to rate their holiday stays, Travalyst is now asking: How would you adjust your vacation?” says the Travalyst website.
Markle and Harry have been widely criticized for using private jets to travel while encouraging others to adopt more sustainable travel practices.
At the launch of Travalyst in September 2019, Prince Harry addressed the criticism, saying, “We can all do better.”
Travalyst Limited, incorporated in April 2020, spent the equivalent of $410,000 in US dollars in 2021, according to British public records. Records showed that Travalyst finished that year with reserves of just $13,000. It is not clear where the money was spent.
Travalyst includes James Holt on its three-member board of directors, according to public records. Holt, a former spokesperson for Prince Harry and Markle, is also the CEO of Archewell Inc. The Los Angeles-based nonprofit told the IRS that it took in less than $50,000 in 2021, its first year of operation, public records show.
A spokeswoman for Prince Harry and Markle did not respond to a request for comment.
Harry was one of 15 commissioners on the 2022 panel of the Aspen Institute, a nonprofit that hosted a “six-month condensed panel” of experts from government, the media and the private sector in order to make recommendations for combating “information disorder.”
Also included are Katie Couric and “technical advisor” Yoel Roth, Twitter’s former head of site safety, who is set to testify before the House Oversight Committee about the platform’s decision to censor The Post articles that linked President Biden to his son. International business dealings.
A spokeswoman for the Aspen Institute said Prince Harry was not paid for his participation in the study.