Hello everybody, and a very warm welcome to LMT YouTube channel. Prince Harry and Meghan, the Duchess of Sussex, have decided to resign from their royal lives. The announcement came after months of speculation from followers of the royal family that they would make such a decision, but it has still been met with shock and surprise from many. The 2019 calendar year was filled with scrutiny for the Sussexes, from everyone from the Nia to family members. Both Prince Harry and Meghan have spoken publicly about the way the Nia has been portraying them and their unhookiness among the royal family. Their decision to leave has left many wondering how they will continue to live their lavish lives without being senior members of the royal family. The truth is, Prince Harry and Meghan could become significantly richer once they cut off their royal ties. The Sussexes' announcement claims. The announcement from the Duke and Duchess of Sussex was posted to their Instagram account. It, they stated that their plan was to step back as senior members of the royal family, but to continue supporting her majesty, the Queen. They also said that they planned to split their time evenly between the UK and North America, giving baby Archie the chance to grow up respecting his royal roots, while also living a more normal life as a child, something that Prince Harry never got a chance to do. Current reports suggest they'll settle down in Canada to set up their North America base. While that all makes sense, some of the claims made in their announcement have people scratching their heads. They state that they have plans to start a new charitable entity, but by stepping back from the royal family, they will be giving up their portion of the money they typically receive from the Queen men to go toward their charity work. Another point that is confusing to some is that they plan to work to become financially independent. What exactly does that mean for the Sussex is? Prince Harry and Meghan Markle are doing fine financially on their own. Before joining the royal family, Meghan Markle was a pretty well-known actress thanks to her role in USA's TV show Suits, in which she starred in 100 episodes. By the time she ended her role on the show, Markle was earning approximately $50,000 per year episode, adding up to about $450,000 per year. On that alone, she would easily be considered financially independent, all on her own. Prince Harry, on the other hand, has never had a conventional job outside of his service in the military when he has his own savings to back him up. After his mother, Princess Diana, has to wait, her sons were left to trust fun, which Prince Harry had full access to at the age of 30. This trust fund was approximately worth $450,000. He also received some money when his great, grandmother, the Queen mother, passed away. The Duke and Duchess of Sussex could earn even more by stepping back. By stepping down his senior members of the royal family, Markle and Prince Harry would be able to take advantage of things they were never allowed to before. For one, Meghan could go back to acting, something she was forbidden to do as a senior member. While many think that's unlikely, it's something she could definitely do now if she wanted to. The couple could earn money by giving speeches, something that they did all the time as senior members, but were never paid for doing. They could take on sponsorships, participate in ads, or even open up a winery or something of the sort. They have the freedom to earn money in many ways, now that they've stepped back from the royal family, so the Sussexes have plenty of opportunities to remain financially independent. Simply put, their earning potential could be far greater as non-royals than it is as being affiliated with the royal family. A handful of Hollywood entrepreneurs are on the path to becoming billionaires. Kylie Jenner attained the status through Kylie Cosmetics. Kim Kanna-Shane is close with her shapewear-lime skins, and Rihanna's spenty brand is attaining unprecedented success. Meghan could easily strive to do the same as a non-royal. She already has experience with a lifestyle website, similar to Gwyneth Paltrow's group Origins or Courtney Cotta-Shane's Pooosh, called the TIG. The Duchess of Sussex folded her website before becoming a royal. Watch like Gwyneth Paltrow's group, and as Markle previously did with TIG, their personal brand could be worth billions, and they know it. It has been clear, man, and Prince Harry have been building their brand much before their announcement. Back in 2019, they trademarked their Instagram handle. They also separated households from Prince William and Kate, the Duchess of Cambridge. London based right her Ashley Pearson-told mocket watch. One of the reasons they broke off from the royals is, in part, because they want to build their own brand. Another report claims it was, there can be no justification for Harry and Meghan, getting their annual dollar three million from Prince Charles. T.H.E. Harry and Meghan's scandal must trigger a comprehensive new review of royal finances, who gets what, why, and what oversight Parliament has. There can be no justification for the young quitters, still getting any of their annual dollar three million from the Duchy of Cornwall, which Prince Charles controls. The family seemed to think of that vast dollar one dot three billion estate as their private fortune. While it has simply been inherited by the eldest son of the monarch, since 1337, if the royals are abolished, because, say, public support dries up, he estate, and its profits revert to the nation. It is the nation's property, Charles Muley its guardian. So there must be complete transparency over how he spends the millions it makes. Just as there is for the sovereign, Grant paid direct to the royals by the government. We'll say this too. UK taxpayers are fed up enough, but spare a thought for the Canadians. Why should they fund the Sussex's security till the couple are good and ready to move to Los Angeles? I am a massive fan, I think like most of our viewers, I am a massive fan, senior of the Queen and of the Royal family as a fantastic asset for our country. I am absolutely confident that they are going to sort this out. And you know what, I think they are probably going to be able to sort it out all of them easier without any particular commentary from me about this. Can I ask you one more question about that case? Maybe some general questions. Do they have a right to a private life and can they balance that with the job that they do? I think that all those dilemmas are well understood and I am absolutely no doubt. They are going to sort it out, but they are going to sort it out much more easily without you know, a running commentary from politicians. Okay, more generally there. Is there an issue of media intrusion in this country? I like your style here, you keep it here. I think that's a little bit on the other side of the world. Are you asking about the wrong? The reason I am asking is it's an issue of national importance. I understand the difference. So look, I perfectly understand it. But this is a conversation that's happening in every house in the country. It is. I think people are interested in what you are thought of. It is. Well, I course, of course, but everybody's going to be in it. But that's your necessarily mean. I know that doesn't necessarily mean that the question is helped by politicians weighing in on this subject. The role family is one of the great, great assets of this country. I'm sure they are going to sort it out. And I don't think it's necessarily helped by commentary from me. Okay, give me a little more question on this. Again, more broadly, I think. Because last year, 70 MP signed a letter. And in that letter, they said they felt that the coverage of Megan in the British press had colonial undertones. Do you think race is an issue in the coverage of this? But again, I'm just going to repeat my point. I don't think this is helped by running commentary from politicians. Role family is a fantastic part of our country. And so is the media, by the way. I don't want it anyway to deprecate the media. A very, very important job that they do. But I don't think this is helped by me weighing in. So there you have it, that's all the news on Megan and Prince Harry situation today. As always, thanks for listening. Don't forget to like, comment, subscribe and press that notification bell. If you want to be notified of future videos, thank you.