Prince Charles Reportedly Plans to Financially Support Meghan and Harry
The couple won't be completely cut off.
Now that Prince Harry and Meghan Markle are officially no longer working members of the royal family, many changes are ahead for the couple. Not only are they giving up their HRH titles, but they're also sacrificing the benefit of public funding that goes along with representation of the Queen. But it appears as if Meghan and Harry won't be completely cut off — at least not during this period of transition.
According to a royal source, Harry's father Prince Charles will be offering private financial support to the entire Sussex family.
Ever since their exit announcement, Meghan and Harry have expressed a desire to become "financially independent," but it's understandable that it might take time. While they're free to seek employment, People reports that the couple currently doesn't have any "commercial deals signed or in the pipeline at the moment."
In a statement from Buckingham Palace, it was highlighted that in Meghan and Harry's quest for freedom, they plan to repay taxpayers approximately $3 million for the renovations of Frogmore Cottage, in which the couple moved into last year. It's also reported that the residence will remain their UK home and "they'll meet the running costs privately."
Though an allowance from Charles will be nice, it's not exactly like the Sussexes are strapped for cash by any stretch of the imagination. In 2018, it was estimated that Meghan's net worth was at around $5 million, while Harry has $25 million to his name.
Now, the sky's the limit as to how much the Sussexes can earn.