Meghan Markle and Prince Harry's Archewell suffers £8.7m drop in revenue as donations dry up

The latest accounts show that donations to Harry and Meghan's organisation have dried up.

In 2021, the foundation received just over £10.3m in donations from multiple donors.

However, the couple's organisation received just under £1.6m in donations in 2022.

This came in the form of two donors contributing £794,215 ($1million) each.

The huge difference in the amount donated to Archewell equated to a total drop in donations of £8.7 million in just 12 months.

This resulted in Archewell making a loss of £535,000 for 2022 as the foundation had expenses totalling £2,129,795.

The Duke and Duchess of Sussex do not take a salary from Archewell.

James Holt, the Executive Director of Archewell, earned almost £200k with a salary of £180,835 in addition to a bonus of £15,904.

Archewell employed five people in 2022 with salaries equalling £508,984 for the year.

Prince Harry and Meghan Markle released a new video alongside the Archewell Foundation's Impact Report 2022-2023.

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Meghan and Harry both feature throughout the 60-second montage of their engagements.

The summary of the impact report that accompanies the video has been split into three sections that are titled: uplifting communities, building a better online world and restoring trust in information.

The Duke and Duchess of Sussex founded Archewell after stepping down as working royals in 2020.