Prince Harry and his wife Meghan arrive for the 2022 Ripple of Hope Award Gala at the New York Hilton Midtown Manhattan Hotel on December 6. AFP
Prince Harry and his wife Meghan arrive for the 2022 Ripple of Hope Award Gala at the New York Hilton Midtown Manhattan Hotel on December 6. AFP
Meghan, Duchess of Sussex dazzled in a white off-the-shoulder dress. AFP
Meghan, Duchess of Sussex dazzled in a white off-the-shoulder dress. AFP
The couple was recognised alongside other honourees including Ukrainian President Volodymyr Zelenskyy. AFP
The couple was recognised alongside other honourees including Ukrainian President Volodymyr Zelenskyy. AFP
Actor Alec Baldwin arrives for hosting duties. AFP
Actor Alec Baldwin arrives for hosting duties. AFP
Baldwin's wife Hilaria also attended the gala. AFP
Baldwin's wife Hilaria also attended the gala. AFP
Television personality Gayle King arrives at the gala. AFP
Television personality Gayle King arrives at the gala. AFP
Actor Richard Kind at the event. AFP
Actor Richard Kind at the event. AFP
CNN anchor at the 2022 Robert F Kennedy Human Rights Ripple of Hope Award Gala. AFP
CNN anchor at the 2022 Robert F Kennedy Human Rights Ripple of Hope Award Gala. AFP
Hilaria and Alec Baldwin with Kerry Kennedy, centre. AFP
Hilaria and Alec Baldwin with Kerry Kennedy, centre. AFP
From left, the Duchess of Sussex, Duke of Sussex, Kennedy, Frank Baker and Michael Polsky. AP
From left, the Duchess of Sussex, Duke of Sussex, Kennedy, Frank Baker and Michael Polsky. AP
The royals at the event. AFP
The royals at the event. AFP
From left, Mariah Kennedy Cuomo, Cara Kennedy-Cuomo, Kerry Kennedy, and Michaela Kennedy-Cuomo. AP
From left, Mariah Kennedy Cuomo, Cara Kennedy-Cuomo, Kerry Kennedy, and Michaela Kennedy-Cuomo. AP
Keegan-Michael Key and his wife Elle at the event. AP
Keegan-Michael Key and his wife Elle at the event. AP

Business

Money

Celebrity Net Worth: Prince Harry's $20m Spare proceeds boost fortune to $60m

In our fortnightly celebrity investment and wealth round-up, Deepika Padukone raises capital for her personal care start-up and Rafael Nadal buys a marine racing team

Keith J Fernandez

January 16, 2023

  • English
  • Arabic

Henry, Duke of Sussex

The year has been off to a great start for Prince Henry of Wales, Duke of Sussex — businesswise, at least.

Better known as Prince Harry, his memoir, Spare, has become the UK’s fastest-selling non-fiction book ever. The memoir sold more than 1.4 million copies on the first day of its release in the UK, the US and Canada. The figure included hardback, e-book and audio formats, according to publishers Penguin Random House.

The Duke, 38, reportedly received at least $20 million upfront to publish his memoir, according to the Page Six entertainment website.

A portion of the proceeds will go to charities, including $1.5 million to Sentebale, the organisation he founded with Prince Seeiso of Lesotho, and $347,000 to the non-profit WellChild.

Prince Harry has a net worth estimated at $60 million, according to wealth tracking website Celebrity Net Worth.

The British royal inherited half his mother’s fortune at the age of 30, an amount estimated at $17 million.

Harry told media personality Oprah Winfrey in a television interview that this inheritance funded his family’s move to the celebrity enclave of Montecito, California, in 2020: “I have got what my mum left me. Without that, we wouldn’t have been able to do this.”

He and his wife, Meghan, Duchess of Sussex, moved to the US to raise their son Archie and to develop their charity, the Archewell Foundation. Their daughter, Lilibet, was born in 2021.

With his brother William, Prince of Wales, Harry also received several million dollars when their great-grandmother died in 2002, Celebrity Net Worth reports.

The brothers will reportedly share another £8 million ($9.7 million) of the queen mother’s trust fund when they hit 40.

It is not known whether his grandmother Queen Elizabeth II left Harry any money when she died in September 2022. The late monarch’s will is to remain sealed in a safe for at least 90 years.

Since stepping down as senior royals in 2020, the Sussexes have signed many production deals with streaming companies.

The couple have been paid between $100 million and $150 million by Netflix in a multi-year deal to deliver scripted series, documentaries and children’s programming, according to The Guardian.

Prince Harry's book is released — in pictures

The first copies of Prince Harry's new book Spare are unpacked during a midnight sale at a book shop in London. EPA
The first copies of Prince Harry's new book Spare are unpacked during a midnight sale at a book shop in London. EPA
After months of anticipation and a sustained publicity blitz, Prince Harry's book is on sale in the UK. AFP
After months of anticipation and a sustained publicity blitz, Prince Harry's book is on sale in the UK. AFP
Photographers surround a trolley containing copies of Spare. PA
Photographers surround a trolley containing copies of Spare. PA
Caroline Lennon, the first customer to purchase a copy of Spare, poses for photographers at Waterstones in Piccadilly, London. PA
Caroline Lennon, the first customer to purchase a copy of Spare, poses for photographers at Waterstones in Piccadilly, London. PA
There is no mention of royal family members in the foreword to Spare. AP
There is no mention of royal family members in the foreword to Spare. AP
The book reveals that Prince Harry took cocaine and magic mushrooms. Reuters
The book reveals that Prince Harry took cocaine and magic mushrooms. Reuters
Spare also lifts the lid on the prince's relationships with the royal family. EPA
Spare also lifts the lid on the prince's relationships with the royal family. EPA
The book contains allegations of racism within the royal family and accounts of a fight with Prince William. AFP
The book contains allegations of racism within the royal family and accounts of a fight with Prince William. AFP

This includes the Harry & Meghan documentary series, where the couple talked about life as members of the British royal family. The series recorded 81.55 million viewing hours, the highest for any Netflix documentary in its first week, the company said last December.

The couple have a similar $30 million deal with audio streaming service Spotify to host and produce podcasts over several years, according to Forbes.

Harry has also signed a deal to produce a series on mental health with Oprah Winfrey for Apple TV+.

In 2021, Meghan published a children’s book titled The Bench, about the relationship between a father and his son, as viewed by the mother.

In 2021, the couple joined US ethical money manager Ethic as “impact partners”. The fund has $1.3 billion of assets under management. Their income from Ethic isn’t public knowledge.

Deepika Padukone, 37, has a net worth of $40 million, as estimated by Celebrity Net Worth. Getty
Deepika Padukone, 37, has a net worth of $40 million, as estimated by Celebrity Net Worth. Getty

Deepika Padukone

Bollywood actor Deepika Padukone’s 82°E skincare start-up has raised $7.5 million in seed funding, according to Indian media reports.

The cash comes from DSG Consumer Partners, IDEO Ventures, Padukone’s own family office and other ultra-high-net-worth individuals.

Padukone and co-founder Jigar Shah set up 82°E in 2021 and unveiled the first set of products last November.

“Jigar and I envisioned this brand as an extension of my personal as well as professional journey. We set out to launch products which are high-quality, high-performing and an authentic reflection of my beliefs and practices,” Padukone said.

Mr Shah told the Indian website Inc42 that the brand was using the money for research and development, to unveil new products and to expand its team.

The 82°E brand promises a holistic approach to self-care with cruelty-free, vegan products that are formulated and made in India.

Copenhagen-born Padukone, 37, has a net worth of $40 million, as estimated by Celebrity Net Worth.

Her income principally comes from her acting work. She charges between 150 million ($1.8 million) and 300 million Indian rupees a film, according to a GQ India report.

In 2018, Forbes India estimated her annual salary at 1.14 billion Indian rupees.

Padukone also owns a production company called Ka Productions.

She is a brand ambassador for Louis Vuitton and Cartier and has endorsed a range of other brands, including Lux, Coca-Cola, adidas and Nescafe.

Rafael Nadal is one of the world’s richest athletes. He has a net worth of $220 million, according to Celebrity Net Worth. AFP
Rafael Nadal is one of the world’s richest athletes. He has a net worth of $220 million, according to Celebrity Net Worth. AFP

Rafael Nadal

ATP World No 2 Rafael Nadal is sailing towards retirement with an eclectic clutch of investments, from property to tennis academies.

His most recent foray is a new electric boat racing team in the new UIM E1 all-electric world championship, expected to begin this year.

The Spaniard is the latest celebrity investor in the project, after F1 driver Sergio Perez.

Nadal, 36, is one of the world’s richest athletes. He has a net worth of $220 million, according to Celebrity Net Worth.

The tennis champion’s career earnings are estimated to be in excess of $500 million before taxes and agents’ fees, according to Forbes estimates.

While he has banked $134.5 million from wielding his racket, he has reportedly earned more than double that amount in endorsements and appearance fees.

Forbes puts his earnings at $31.4 million in the 12 months through to August 2022.

In 2020, he became a full partner in the private capital investment company Mabel Capital. He owns a third of the company, according to digital platform Essentially Sports.

The 22-time Grand Slam champion has tennis academies around the world, including in Kuwait, Greece and Mexico.

Other investments include a 19th-century building in Madrid and a stake in the supper nightlife restaurants Tatel and Toto alongside football star Christian Ronaldo, according to Essentially Sports. In December, it was announced that the restaurants would open in Dubai this year.

Among Nadal’s major sponsors are Kia, Nike and Babolat rackets, Forbes reports. Other endorsements have been for Lanvin, Tommy Hilfiger and Emporio Armani.

Naomi Osaka was the highest-earning female athlete in 2022. She earned $51.1 million over the course of last year. Getty
Naomi Osaka was the highest-earning female athlete in 2022. She earned $51.1 million over the course of last year. Getty

Naomi Osaka

Four-time Grand Slam champion Naomi Osaka was the highest-earning female athlete in 2022. She earned $51.1 million over the course of last year, surpassing Serena Williams at $41.3 million, according to Forbes.

The Japanese star, 25, earned $1.1 million on tennis courts. The majority of her income — an estimated $50 million — came from sponsorships and endorsements.

Together with Williams, Osaka is one of only two women athletes on the list of the world’s 50 highest-paid athletes. Only about six other players made more than $50 million off the field, Forbes estimates.

Injuries restricted Osaka’s on-court appearances for much of the year, and she lost a significant sponsorship deal when FTX declared bankruptcy in November.

In 2023, she will probably make no money on court.

Last week, Osaka announced she was pregnant and hinted she would miss the entire 2023 tennis season.

However, she has other aces up her sleeve.

Osaka is an entrepreneur. She has a skincare line called Kinlo. With her agent and business partner Stuart Duguid, she founded production company Hana Kuma and talent agency Evolve.

Last month, she joined with fellow tennis player Nick Kyrgios to invest in pickleball team Miami PC.

Osaka’s net worth is estimated at $45 million by Celebrity Net Worth.

Our commentary on Brexit
On Women's Day
Transgender report
While you're here
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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The specs: 2019 BMW X4

Price, base / as tested: Dh276,675 / Dh346,800

Engine: 3.0-litre turbocharged in-line six-cylinder

Transmission: Eight-speed automatic

Power: 354hp @ 5,500rpm

Torque: 500Nm @ 1,550rpm

Fuel economy, combined: 9.0L / 100km

E-cigarette report
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Plastic tipping points
On Women's Day
Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

E-cigarettes report
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Kareem Shaheen on Canada
KILLING OF QASSEM SULEIMANI
Mohammed bin Zayed Majlis
Fight card

1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)

2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)

3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)

4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)

5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)

6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)

7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)

9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)

10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)

11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)

12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)

65
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EScott%20Beck%2C%20Bryan%20Woods%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAdam%20Driver%2C%20Ariana%20Greenblatt%2C%20Chloe%20Coleman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A
Plastic tipping points
Killing of Qassem Suleimani
World Mental Health Day
The five pillars of Islam
Plastic tipping point
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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

MATCH INFO

Uefa Champions League, last 16, first leg

Ajax v Real Madrid, midnight (Thursday), BeIN Sports

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HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Top 10 most polluted cities
  1. Bhiwadi, India
  2. Ghaziabad, India
  3. Hotan, China
  4. Delhi, India
  5. Jaunpur, India
  6. Faisalabad, Pakistan
  7. Noida, India
  8. Bahawalpur, Pakistan
  9. Peshawar, Pakistan
  10. Bagpat, India
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Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

RESULTS

6pm: Al Maktoum Challenge Round-2 – Group 1 (PA) $55,000 (Dirt) 1,900m
Winner: Rajeh, Antonio Fresu (jockey), Musabah Al Muhairi (trainer)

6.35pm: Oud Metha Stakes – Rated Conditions (TB) $60,000 (D) 1,200m
Winner: Get Back Goldie, William Buick, Doug O’Neill

7.10pm: Jumeirah Classic – Listed (TB) $150,000 (Turf) 1,600m
Winner: Sovereign Prince, James Doyle, Charlie Appleby

7.45pm: Firebreak Stakes – Group 3 (TB) $150,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer

8.20pm: Al Maktoum Challenge Round-2 – Group 2 (TB) $350,000 (D) 1,900m
Winner: Hot Rod Charlie, William Buick, Doug O’Neill

8.55pm: Al Bastakiya Trial – Conditions (TB) $60,000 (D) 1,900m
Winner: Withering, Adrie de Vries, Fawzi Nass

9.30pm: Balanchine – Group 2 (TB) $180,000 (T) 1,800m
Winner: Creative Flair, William Buick, Charlie Appleby

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Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

About RuPay

A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank

RuPay process payments between banks and merchants for purchases made with credit or debit cards

It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.

In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments

The name blends two words rupee and payment

Some advantages of the network include lower processing fees and transaction costs

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MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

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Mohammed bin Zayed Majlis
UAE currency: the story behind the money in your pockets
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Our commentary on Brexit
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Zayed Sustainability Prize
The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Transgender report
Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

Updated: January 16, 2023, 9:17 AM`
Personal financeCelebritiesPrince HarryRafael Nadal