{"id":84702,"date":"2023-12-15T14:04:47","date_gmt":"2023-12-15T03:04:47","guid":{"rendered":"https:\/\/graziamagazine.com\/?post_type=articles&p=244447"},"modified":"2023-12-18T10:50:08","modified_gmt":"2023-12-18T10:50:08","slug":"prince-harry-meghan-markle-17-million-dollar-loss","status":"publish","type":"articles","link":"https:\/\/graziamagazine.com\/us\/articles\/prince-harry-meghan-markle-17-million-dollar-loss\/","title":{"rendered":"Royal Flush: Prince Harry & Meghan Markle\u2019s Charity Has Suffered A Loss Of $17 Million"},"content":{"rendered":"
\"Prince-Harry-Meghan-Markle\"
DUESSELDORF, GERMANY – SEPTEMBER 16: Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex attend the closing ceremony of the Invictus Games D\u00fcsseldorf 2023 at Merkur Spiel-Arena on September 16, 2023 in Duesseldorf, Germany. (Photo by Chris Jackson\/Getty Images for the Invictus Games Foundation).<\/figcaption><\/figure>\n

Prince Harry and Meghan Markle\u2019s charity, the Archwell Foundation, is in the red as new reports have found. As per the not-for-profit\u2019s end-of-year report, the Duke and Duchess have suffered a significant drop in donations year-on-year.<\/p>\n

When compared to the contributions made in their first year of operation, the Sussexes<\/a> experienced a loss of nearly AUD $ 17 million, with 2023 donations totalling only $1.5 million. The sum reportedly amounted to two anonymous benefactors, who both contributed undisclosed amounts equaling the seven-figure sum.<\/p>\n

\"meghan-markle\"
NEW YORK, NEW YORK – OCTOBER 10: (L-R) Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex speak onstage at The Archewell Foundation Parents\u2019 Summit: Mental Wellness in the Digital Age during Project Healthy Minds’ World Mental Health Day Festival 2023 at Hudson Yards on October 10, 2023 in New York City. (Photo by Bryan Bedder\/Getty Images for Project Healthy Minds)<\/figcaption><\/figure>\n

Archewell Foundation was founded in 2020 upon Prince Harry and Markle\u2019s departure from the royal family<\/a>. The foundation operates under the unified vision of \u201cshow up, do good\u201d.<\/p>\n

As per the foundation\u2019s website, this involves \u201ctaking action, and using our unparalleled spotlight to uplift and unite communities, both local and global, online and offline\u201d.<\/p>\n

The Sussexes’ entertainment endeavours<\/a>, including Archewell audio and Archewell production, are also pillars of their overarching enterprise, though the findings only pertain to the charitable branch.<\/p>\n

To stipulate the proverbial brass tax, Archwell Foundation enjoyed donations worth $19.8 million in 2021\u2014with one generous contribution of $15 million bequeathed by an unnamed patron. In 2022, the total funds were reduced to $3.9 million. The net revenue from this year was at a loss of -$1.028 million. It\u2019s also claimed that Archewell still maintains assets of $12.2 million.<\/p>\n

\"meghan
NEW YORK, NEW YORK – MAY 16: Prince Harry, Duke of Sussex and Meghan, The Duchess of Sussex attend the Ms. Foundation Women of Vision Awards: Celebrating Generations of Progress & Power at Ziegfeld Ballroom on May 16, 2023 in New York City. (Photo by Kevin Mazur\/Getty Images Ms. Foundation for Women)<\/figcaption><\/figure>\n

The former senior royals<\/a> do not receive a salary from their work at the foundation, with only five employees officially salaried. This includes co-executive director (and right-hand man) James Holt. Reports claim that Holt received $259,400 in remuneration, a vast increase from the $91,300 salary paid out in 2021.<\/p>\n

The revelations also followed the Sussexes\u2019 separation from Spotify<\/a>, with both parties choosing to terminate the multi-million dollar deal to the surprise of many.<\/p>\n

They are still engaged with Netflix, with the Montecito-based couple<\/a> inking a five-year contract worth $148,880,400. Signed in 2020, the Sussexes have promised to produce documentaries, docuseries, feature films, scripted shows and children\u2019s programming as part of the package. Currently, they\u2019ve only worked with Netflix on the six-part docuseries, Harry & Meghan.<\/em><\/a><\/p>\n","protected":false},"author":42674,"featured_media":84703,"template":"","format":"standard","categories":[8169,38,16],"yoast_head":"\nPrince Harry & Meghan Markle Have Suffered Loss Of $17 Million<\/title>\n<meta name=\"description\" content=\"Prince Harry & Meghan Markle have suffered a loss of $17 million in charitable donations, new reports have revealed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/graziamagazine.com\/us\/articles\/prince-harry-meghan-markle-17-million-dollar-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donations To Meghan Markle & Prince Harry's Charity Have Plummeted By Nearly $17 Million\" \/>\n<meta property=\"og:description\" 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