When speaking about royalty, cash issues may not be a topic that’s introduced up usually. After all, royals reside in palaces and mansions. Many even have workers members caring for their households’ wants and needs.
However, after Prince Harry and Meghan, Duchess of Sussex determined to step down from their senior roles in early 2020, there have been some questions on their monetary standing. While many individuals imagine they nonetheless wouldn’t be poor by any means, some followers now assume the Sussexes may run into monetary issues sooner or later.
Prince Harry and Meghan Markle mentioned they deliberate to turn into ‘financially independent’
In January 2020, Harry and Meghan introduced their plan to step down from being senior members of the royal household. In their official assertion, the couple additionally famous they’d “work to become financially independent.”
Many people took this to imply they’d not be receiving cash from the tax-funded Sovereign Grant, which pays for royals’ work bills, together with safety and journey. However, Harry and Meghan didn’t specify precisely how they plan to attain “financial independent.”
Harry and Meghan are reportedly being funded by Prince Charles’ property
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After Harry and Meghan settled down in Canada quickly, it was reported that the couple was getting some huge cash from Prince Charles’ Duchy of Cornwall property. According to the Daily Mail, Charles may very well be contributing a big sum to the Sussexes’ safety invoice.
“Charles has agreed to pay a ‘private contribution’ to the Sussexes,” a supply instructed the Daily Mail. “It will not be revealed how much and what that is used for, but it is believed to be around £2 million [$2.5 million]. It would not be a surprise if it went into meeting the bill for security. However, the Prince of Wales does not have an infinite amount of money. The total income from the Duchy of Cornwall is annually around £21million [$27 million].”
Some individuals imagine Harry has been utilizing cash inherited from his mother, the late Princess Diana, as properly. Diana was value round $31.5 million when she handed away in 1997. Her two sons every inherited $16 million after they turned 30 (for Harry, that was in 2014).
Why some followers assume Harry and Meghan will run into cash issues sooner or later
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Although it doesn’t look like Harry and Meghan shall be impoverished anytime quickly, some followers assume they usually reside above their means, which may doubtlessly means operating into cash issues down the road.
For one factor, the couple has been criticized for his or her “extravagant spending” previously couple of years. Meghan reportedly spent wherever from $300,000 to $500,000 value of latest garments in her first yr as a royal (together with $100,000 value of outfits for a three-day journey to Morocco in early 2019). Meghan and Harry each additionally discovered themselves in sizzling water when it was revealed they’d spent $three million in taxpayers’ cash to refurbish their dwelling.
“[Harry and Meghan] seem to want a billionaire lifestyle,” one individual wrote on Reddit. “They don’t have the money. Money is going to be the real sticking point over time. Many a British royal has run into trouble because they want a lifestyle beyond their means.”
Another fan added, “They have enough money to lead very comfortable lives and ‘do good.’ Some of the lower-profile members of the BRF provide an example. They could do this and even still hang with celebrities! But it really does appear that they want a 0.01% lifestyle and friends, which inevitably means hanging with some very shady people.”
Of course, these are merely speculations, and solely time will inform what precisely will occur to Harry and Meghan