Prince Harry is getting at least $20 million upfront to publish his memoirs — with the very same über-publisher who gave Barack and Michelle Obama a $65 million book deal.
As Page Six revealed, Harry has been secretly writing a memoir for nearly a year and has now sold it to Penguin Random House.
While the renegade royal said Monday that he will be donating all the proceeds to charity, it’s yet to be made clear whether he will keep the multi-million advance — believed to be at least $20 million, according to publishing insiders.
Reuters
Meanwhile, we’re told that Harry’s co-writer, power ghostwriter J.R. Moehringer, is getting at least $1 million as an advance.
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It was Penguin Random House CEO Markus Dohle who snapped up President Barack Obama and former First Lady Michelle Obama.
Markle also recently published her children’s book, “The Bench,” with the children’s division of Random House.
“Prince Harry has harnessed his extraordinary life experience as a prince, a soldier, and a knowledgeable advocate for social issues, establishing himself as a global leader recognized for his courage and openness. It is for that reason we’re excited to publish his honest and moving story.”
AP
Harry and his wife Meghan Markle have followed in the Obamas’ footsteps since quitting the royal family and moving to California, similarly inking big-money deals with both Netflix and Spotify.
