Prince Harry and Meghan: where do they get their money?
photo credit, netflix
Netflix has released a series of footage from the Harry & Meghan documentary.
The first episodes of a new documentary series about the Duke and Duchess of Sussex, Prince Harry and Meghan Markle, premiere on Netflix this Thursday.
The couple no longer receive money from the royal family and derive most of their income from business deals.
Why did Harry and Meghan break up?
The Duke and Duchess of Sussex stepped down from their royal duties in January 2020.
They said they were angry at the media intrusion and disappointed that Buckingham Palace was preventing them from developing the SussexRoyal brand.
Other members of the royal family said they were “injured”.
Harry remains a prince and the couple retain the titles Duke and Duchess of Sussex, but are no longer addressed as Their Highnesses (HRH).
photo credit, Getty Images
Prince Harry and Prince Andrew attended the Queen’s funeral in civilian clothes.
Harry also renounced his official military titles, so he did not wear a uniform at the funeral of the late Queen Elizabeth.
However, he and the Duke of York (another inactive royal) were allowed to wear military dress around the Queen’s coffin.
Prince Andrew stepped down from his royal duties in 2019 after controversy over his friendship with disgraced businessman Jeffrey Epstein.
Where do Meghan and Harry live?
The Duke and Duchess of Sussex moved to California in June 2020.
They said they wanted a place to raise their family and focus on the new Archewell foundation.
The couple will return to the UK for the late Queen’s Platinum Jubilee in June 2022 and her funeral in September.
It is not certain whether they will attend the coronation of King Charles.
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The Duke and Duchess are working on a number of television programs and podcasts.
Sussex media firm Archewell Productions is preparing a deal for Netflix that could fetch tens of millions of dollars.
Archewell also produces podcasts for Spotify, including the Archetypes series about famous women.
Harry and Meghan were interviewed by US presenter Oprah Winfrey in March 2021, but said they were not paid for it.
Meghan published a children’s book called The Bench in 2021.
Random House will publish Prince Harry’s autobiography, Spare, in January 2023.
In March 2021, Harry was named chief influence officer for BetterUp, a California-based life coaching company.
What did Prince Harry and Meghan lose by stepping down?
As a working Royal family, they received 95% of their annual income from the Duchy of Cornwall, the estate of Harry’s father, Charles, later Prince of Wales.
In the 2018-2019 financial year (the first year of their marriage), the Duchy paid more than £5 million (FCFA 3,812,345,800) to cover public functions and certain personal expenses of the Sussexes, as well as the Duke and Duchess. Duchess of Cambridge.
The taxpayer-funded Sovereign Grant made up the remaining 5% of the couple’s income.
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Harry and Meghan got married in May 2018
Charles later gave them a “significant sum” to support their transition to financial independence, according to his office.
Accounts from the Duchy of Cornwall show that the couple, along with Prince William and Kate, received around £4.5 million (3,431,111,300 FCFA) between April and June 2020.
“This funding has been stopped [été 2020]A spokesman said.
After stepping back from their official duties, the Duke and Duchess were no longer covered by security measures for senior members of the royal family.
When Prince Harry first left the UK, he said it would be too dangerous for him to bring his family home without police protection.
In July 2022, he was granted permission to challenge this decision in the Supreme Court.
The Queen gave Harry and Meghan Frogmore Chalet in Windsor as a gift at their wedding.
It was renovated at a cost of £2.4 million (FCFA 1,829,926,000) paid for by the Crown Estate.
The couple paid this amount when they retired.
What other assets do Harry and Meghan have?
When their mother Princess Diana died in 1997, William and Harry inherited most of the £13 million fortune left behind.
Speaking to Oprah Winfrey, Harry said he was funding their move to the US: “It’s what my mum left me and we couldn’t have done it without her.”
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Princess Diana died in a car accident in Paris in 1997.
Harry is also said to have inherited millions of pounds from his great-grandmother, the Queen Mother.
It is not known whether the late queen left him any money.
During her illustrious acting career, the Duchess of Sussex was reportedly paid $50,000 (31,104,693 FCFA) per episode of the courtroom series Suits. She played the role of Rachel Zane in over 100 episodes across seven series.
Ms Markle has also written a lifestyle blog and produced articles for a Canadian fashion brand.
