Facts About Harry and Meghan Financial Independence
Channel: Facts Hacks
Date: 2020-01-24

Question about How Prince Harry Duke of Sussex and Meghan, Duchess of Sussex will achieve financial independence in the wake of their announcement that they will be stepping back from Britain’s royal family.
In a statement shared on their official Instagram page on Jan. 8, the Duke and Duchess of Sussex said that, as they transition away from their role as “senior” royals, they plan to “work to become financially independent, while continuing to fully support Her Majesty The Queen.”
The couple will officially halt their duties as royals at some time this spring.
Queen Elizabeth II announced her support for the couple’s decision in a statement on Jan. 13. “Harry and Meghan have made clear that they do not want to be reliant on public funds in their new lives. It has therefore been agreed that there will be a period of transition in which the Sussexes will spend time in Canada and the UK.”
In the statement, the Queen also said that these “complex matters” require further discussions, but that she has “asked for final decisions to be reached in the coming days.”

Prince Harry spoke publicly on the matter for the first time Sunday night. “I’ve accepted this knowing that it doesn’t change who I am or how committed I am,” he said of the decision to step back as senior members. “But I hope that helps you understand what it had come to—that I would step my family back from all I have ever known to take a step forward into what I hope can be a more peaceful life.”

Harry and Meghan's personal wealth
The couple say their "new working model" is necessary to allow them to earn an income from outside the family firm because, "under the current structure and financing arrangements, they are prohibited from earning an income in any form."
However, they have not indicated how they will earn their own income except to mention the upcoming launch of their new charitable entity.
Some commentators have suggested Markle could return to acting or that the couple could launch a lifestyle brand based on the blog, called The Tig, that Markle had before meeting the prince. The couple could also strike a deal with a streaming service to produce TV shows, such as President Barack Obama's lucrative contract with Netflix.
Even without alternative income, the couple should have plenty to tide them over.
Harry is believed to have inherited at least £7 million (€8.2 million) from his late mother, Lady Diana. The Queen Mother also reportedly left William and Harry more than £14 million (€16.4 million) to share, with the larger share going to Harry because William will inherit the Duchy of Cornwall.
For about a decade, Harry also earned approximately £45,000 (€52,800) a year as a helicopter pilot and captain in the British army.
Markle, meanwhile, reportedly netted up to $450,000 (€405,200) for each of the seven seasons of TV series Suits she appeared in, which would total more than $3.1 million (€2.8 million). She also continues to receive royalties from the show.
Additionally, movies she appeared in, including Remember Me and The Candidate reportedly paid her upwards of $100,000 (€90,000) each. Finally, sponsored content she published on her now-shuttered blog and personal Instagram account also allegedly earned her tens of thousands of dollars every year. 

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