With the leadership of The Duke and Duchess, we have cultivated strong strategic partnerships with leading organizations, invested millions of dollars across the non-profit space for sustainable programs and campaigns, and designed a strategy centered on large and lasting community impact.
In its first year, the charity expensed a total of $3,987,070, with just over $3 million going as various grants to over 40 organisations across key focus areas including vaccine equity, relief centres, refugee resettlement and building a better online world.
Archewell gives 80% of its expenses to charity
This ensures that 80 percent of total expenses go towards their programs, while 20 percent or less is spent on administrative costs.
Key Background. Harry and Markle no longer receive money from Harry's royal relatives. The pair announced in early 2020 they would step down as working members of the royal family, and they no longer receive money from the royal family.
From 2018 to 2018, Harry's annual allowance from Duchy, which he shared with Meghan, was £5 million or $6.9 million. This paid for Harry and Meghan's public duties as working members of the royal family, such as wardrobe and travel, as well as private costs.
Every time the Prince Harry and Meghan Markle set foot in the United Kingdom, taxpayers' money, both in that part of the world and in other latitudes, alarms are raised due to the expenses that may be excessive or even unnecessary.
Not only does Prince William have more money than his brother, Prince Harry, for reasons that would cause any family to feud, but he's about to get even richer, too. Here's a breakdown of Prince William's net worth, and how his royal finances work.
The London High Court ruled today that Prince Harry cannot pay for his own police protection while in the UK. Prince Harry's police protection was withdrawn for him and his family—including his wife, Meghan Markle, and children, Prince Archie and Princess Lilibet—after he stepped down as as senior working royal.
Most of her personal estate will be inherited by her son, King Charles. Looks like Meghan Markle, the Duchess of Sussex, will probably receive nothing of value, Radar reported. Princess of Wales Kate Middleton is set to inherit $110 million worth of jewelry that Elizabeth II left behind, according to reports.
Meghan and Harry's financial autonomy
In 2020, Forbes estimated that the couple's loss amounted to $4 million a year, in addition to their security costs. Forbes also confirmed that Harry was not a beneficiary of his great-grandmother the Queen Mother's $135 million fortune.
The substantively larger donation of $10 million came to Archewell via the Silicon Valley Community Foundation (SVCF), according to SVCF's 2021 IRS documents, otherwise known as its Form 990.
The group includes the Duke and Duchess' nonprofit charitable foundation, as well as their lucrative for-profit business divisions focusing on media production, Archewell Audio and Archewell Productions.
It received a total of about USD $13 million (AU $19.5 million) income in 2021, which primarily came through two massive one-off donations, the Daily Mail reported. The much-discussed mystery USD $10 million donation represents the bulk of the foundation's funding.
Archewell Received A $10 MILLION Anonymous Donation! Prince Harry and Meghan Markle have an angel on their side! A bombshell new report has just revealed that the royals' non-profit Archewell Foundation is almost entirely funded by a single mystery donor! Wowza!
Prince Harry, Meghan Markle work 1 hour a week for $13M Archewell charity: tax docs.
Since the establishment of The Office of The Duke and Duchess of Sussex, 95 percent of the funding received for their Office expenditure is derived from income allocated by HRH The Prince of Wales, generated through the Duchy of Cornwall.
Radar Online reported in September 2022 that was Kate was expected to inherit $110 million in jewelry from the Queen after her death. The collection includes 300 personal pieces of jewelry that belonged just to the Queen and not the Crown.
But the Queen Mother had an agreement that Prince Harry would get more than Prince William. So, when she passed away aged 101, the brothers had £14million to split between them, but as agreed the younger brother did better out of the deal.
Queen Elizabeth famously gifted various stunning pieces to Princess Kate, Queen Consort Camilla, Sophie, Countess of Wessex, the late Princess Diana, and at least one piece to Duchess Meghan.
The British government stopped providing security after Harry, the younger son of King Charles III, and his wife, the former actress Meghan Markle, quit their royal duties and moved to California in 2020. It then rejected his offer to pay for protection when he visits home.
Today a London court decided that, if he chooses to visit the land of his birth, Harry can't have police protection, even if he were to pay for it out of pocket. Tax dollars fund security for the rest of the royal family, and in Britain, only police officers are licensed to carry guns.
Since we know one galleon is equal to around $25, the minimum amount of money in Harry's vault is a mind-blowing $1,265,625! And that's the baaaaaare minimum considering that in the books, although no specifics were given, A LOT more money was depicted.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
Prince Philip Reportedly Left £30 Million in His Will to “Three Key Staff” Members. Prince Harry is also apparently expected to receive an inheritance. Prince Philip apparently left an extremely generous sum to his closest aides upon his passing in early April.
Nowadays one of his main sources of income is via the Duchy of Cornwall, which made profits of $26 million in 2020 and $24 million in 2021. According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.