Where do Meghan and Harry get their money from?
When it comes to British royals, each one receives a mix of public and private money. Additionally, they possess a vast number of valuable assets and properties that have been passed on as inheritance. But what if a member of the royal family chooses to step back from the royal duties in order to lead an independent life? Will they continue receiving the money like the rest of the working royals or will they have to fend for themselves?
Earlier in 2020, Prince Harry and Meghan Markle took the big decision to step back from their role as working royals, following which the royal couple moved to the United States of America and have been living there since.
The tell-all interview conducted by Oprah Winfrey revealed a lot about the British Royal Family, but also highlighted the struggles experienced by the royal duo after the so-called 'Megxit'.
Photo: PA
Prince Harry revealed that they were "financially cut off"
The big revelations made during the Oprah interview shocked the entire world. From members of the royal household having concerns about Meghan's baby's skin color to Meghan having suicidal thoughts, a lot of secrets were disclosed.
In addition to that, Prince Harry stated that he was financially cut off by Prince Charles after he and his wife stepped back as working royals. With no royal money, the Duke and Duchess of Sussex have since then found different ways to earn their income.
Photo: Joe Pugliese/AP/Harpo Productions
How has the royal couple survived since then?
Reportedly, Prince William and Prince Harry have inherited the fortune left by their mother Princess Diana. In the interview, Harry told Oprah, "I've got what my mum left me and without that we wouldn't have been able to do this".
Additionally, Meghan Markle is said to have been paid $50,000 per episode for the legal drama Suits. She also authors a lifestyle blog and has designed a line of clothing for a Canadian brand.
Photo: PA images/Tim Graham - Getty Images
Where do they get their money from otherwise?
The Duke and Duchess of Sussex quit their royal life and announced that they would be stepping down as senior members of the Royal Family. In an instagram post, they stated, "After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution." "We intend to step back as ‘senior’ members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen," they added.
Since then, they have been free to make their financial decisions and choose where their money would come from.
Allegedly, the royal couple have striked deals with popular streaming services worth millions. To top it off, they have also founded an organisation called Archewell, a nonprofit charitable foundation and a business division focusing on media production.
Photo: Instagram/Sussexroyals
What was their source of income when they were working royals?
Back when they were working royals, they earned their income like the rest of the royal members. Most of their income came from Prince Charles's income from the Duchy of Cornwall.
Apart from that, the taxpayer-funded Sovereign Grant provided the other 5% of their income. This was given to them as a means to cover their expenses while working as senior royals of the British Royal Family.
But after having stepped back, the couple have found other sources of income.
Photo: PA
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