Prince Harry and Meghan Markle told what their financial independence would be after a final break with the British royal family. They described the details of their future life on the specially created website sussexroyal.com.
The main change will be the rejection of a sovereign grant. Five percent of the grant is covering expenses of the Duke and Duchess of Sussex. The grant is formed by transferring 15 percent of the income from the property of the Crown – the so-called aggregate of land and other assets owned by the state. 85 percent goes to the state budget.
The remaining 95 percent of the monthly budget of the prince and his wife is allocated by the Prince of Wales, the father of Harry and William. A sovereign grant covers the costs of official travel, the maintenance of the residence and its employees.
Whether Harry and Meghan Markle intend in the future to refuse other sources of income related to the royal family is not specified. At the same time, the current rules prohibit members of the royal family from independently earning and receiving other commercial income. Spouses are going to move away from these orders.
The royal couple will be able to earn on advertising
One of the main sources of income for a couple can be lectures and public speaking. In addition, they will be able to earn on advertising. Both Prince Harry and Meghan Markle already have impressive fortunes separately. They are approximately 40 and five million dollars, respectively. Markle earned this money during her acting career. Perhaps some of these funds will remain the property of the royal family because the situation is extraordinary.
In early January, Prince Harry and Meghan Markle announced the resignation of the duties and rights of members of the royal family. The couple said they were going to live in the UK and the USA and develop their own charity projects.