Power couple Prince Harry and Meghan Duchess of Sussex, have launched themselves into the world of finance. Partnering with Ethic as investors and “impact partners”, Harry and Meghan will encourage wealthy clients to invest with Ethic, as the Sussex’s recently have – putting their “values into action”.
Ethic is a company that prides itself on matching investors with investments that align with sustainable movements, placing the priority on ethical issues like human rights, and climate change; overall assisting to build ethical and sustainable portfolios that fit personal values and financial goals.
According to their website, Ethic works “toward a future where all investing is sustainable investing”, and reportedly manages $1.3billion US ($1.76billion AUD) of assets.
In a statement, Ethic said that Harry and Meghan’s involvement would help them “reach many millions around the globe”.
In an exclusive interview with The New York Times Meghan shared, “My husband has been saying for years, ‘Gosh, don’t you wish there was a place where, if your values were aligned like this, you could put your money to that same sort of thing?'”
Ethic has perfectly answered this question for Harry and Meghan, with Harry saying, “You already have the younger generation voting with their dollars and their pounds, you know, all over the world, when it comes to brands they select and choose from”.
Prince Harry and Meghan Markle continue to add to their lines of business. The latest move is a push into finance, with the pair joining the sustainability-focused investment firm Ethic as “impact partners” #THRNews pic.twitter.com/v50rcQvFyV
— The Hollywood Reporter (@THR) October 12, 2021
Prince Harry and Meghan Markle are joining Ethic, a $1.3 billion investing fund, as “impact partners” to raise awareness around racial injustice, climate change and income equality https://t.co/BBb4Lg08rB pic.twitter.com/nGXCj64Jeb
— Bloomberg Quicktake (@Quicktake) October 12, 2021
This is just the latest business deal in their portfolio that the parents of two have signed, previously making deals with Spotify and Netflix.
The couples deal with Spotify is to produce and host podcasts at the whopping cost of £18million ($33million AUD). You can listen to their podcast, Archewell Audio, here.
In contrast, their Netflix deal as Archewell Productions, will “pay them to make documentaries, docu-series, feature films, scripted shows and children’s programming” according to The New York Times.
Additionally, Meghan is tipped to enter the world of cosmetics, according to reports earlier this week.
After walking away from the Royal family, there was intense speculation that the couple was likely to crash and burn, however they seem to have only upped their ante, having interviewed with Oprah in an explosive two-hour television special, viewed by more than 17 million people globally.
Also recently gracing the cover of Time Magazine for their 100 Most Influential People of 2021 edition, it seems Harry and Meghan are only building momentum.