The Duke and Duchess of Sussex announced Wednesday that they are seeking financial independence from the monarchy. Markle's pre-royal career shows she knows what she's doing.
Meghan and Harry detailed their current financing, revealing that just 5 percent of the cost of their household is covered by the U.K. taxpayer. The 5 percent paid for by the Sovereign Grant, they say, is used only for official royal duties—such as travel to and from engagements and to pay household staff such as their communications staff.by Harry's father, Prince Charles, through revenues generated by his private estate, the Duchy of Cornwall.
Meghan and Harry say their decision to become financially independent of the royal family will make for a"progressive new role within this institution"—royals with their own money and revenue streams. The couple say they will take on new work opportunities external to their royal duties in 2020. Before marrying Harry in May 2018, Meghan was a well-known actress and, unlike other members of the royal family, had her own personal wealth coming into the marriage.
Meghan Markle attrends the premiere of USA Network's"Suits" Season Five at Sheraton Los Angeles Downtown Hotel on January 21, 2016 in Los Angeles, California.Before she married Harry, Meghan, 38, was said to have an estimated $5 million in the bank, according to Money.com.
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