Here's how Meghan Markle and Prince Harry could earn money in their new life away from English royalty
- Prince Harry and Meghan Markle began looking for sources of income after their departure from royalty, Vanity Fair reported.
- Meghan and Harry will step back from their royal duties entirely, stop receiving public funding, renounce their Royal Highness titles and be able to earn their own money starting this spring, Buckingham Palace announced last month.
- The Duke and Duchess of Sussex could take on jobs similar to those of former presidents - writing books and giving speeches - in their quest to be "financially independent," a royal commentator told Business Insider.
- Although the return of the former actress to the screen is unlikely, it would not be unprecedented.
Harry and Meghan may have started looking for a job for their lives outside of royalty.
Prince Harry recently held talks with Goldman Sachs, while Meghan is considering working for Disney doing voices for her characters in exchange for charitable donations, Vanity Fair reported.
The news of the couple's possible jobs comes shortly before reaching a month of reaching an agreement with the Queen to withdraw entirely from her royal duties starting this spring. Buckingham Palace also said in a statement that the two will stop receiving money from the sovereign wealth fund and will stop using their Royal Highness titles.
Harry and Meghan announced in an Instagram post on January 8 their intentions to take on "a new progressive role" within the royal family, starting with paying their own bills.
How will Harry and Meghan make money?
A royal commentator told Business Insider that the couple will likely take advantage of the book and talk deals to fund their lavish tastes in the future.
Even though Harry has never had a job outside of his military service, it probably won't take much effort for them to start racking up checks with millionaire payments. The couple has "great earning potential," Kristen Meinzer, a real commentator and author, told Business Insider.
"We can easily compare them to a former president," Meinzer said. “My mind always goes to the example of Barack and Michelle Obama and how they make money. The reason I compare the two is because they are already friends and because it would put them on the same level, in terms of fame. "
The Duke and Duchess of Sussex could receive offers to write books as soon as they are free to generate their own income. The value of these would be around the 60 million dollars (million dollars) that, according to reports, the Obamas were paid for the rights to their memoirs in 2017, according to Meinzer.
The Atlantic's Joanna Weizzer theorized that the couple could leverage their massively popular Instagram account (@SussexRoyal) with sponsored content, but Meinzer said she doesn't expect the couple to be selling vitamin hair gummies the way Kylie Jenner does. and the Kardashian sisters.
Would Meghan Markle return to acting?
Fans of "Suits" should not be deluded that the duchess is back on the small screen, Meinzer added. "I don't think that makes sense to her at this point," he said. "Much of what she wants to do is related to diplomacy, creating a more just and equitable world, and the environment ... it is not that she cannot support these causes by taking action, but it seems that they want to support them through more direct jobs."
Although there is no guarantee that Meghan will not return to the big screen, as it was reported that the Duchess signed a deal with Disney to dub voices in exchange for benefiting the Elephants without Borders organization. The report came after the couple announced they would take a "step back" from royalty, according to The Sunday Times.
Either way, it's not the first time that royals, who are in the top 10 of the line of succession, have held a full-time job.
Princess Beatrice and Princess Eugenie, Harry's cousins and who are respectively ninth and tenth in line for the throne, developed careers rather than hooking up with full-time royalty. Beatriz works at the Afiniti software company, while Eugenia is director of the Hauser & Wirth art gallery in London, according to Good Housekeeping.
Harry and Meghan already have a gigantic fortune to their names, even if they delay seeking their own income. The duke and duchess are worth an estimated $ 30 million, combining Princess Diana's inheritance and Meghan's earnings from her acting career, as well as other income, reported Business Insider's Tanza Loudenback and Taylor Borden.
That amount may not be enough to sustain the luxurious lifestyle you are both used to. The duchess's maternity clothes were valued at $ 500,000; while acupuncture and numerology treatments during her pregnancy cost about 11,000, reported Business Insider's Hillary Hoffower. Some of the bigger expenses, like Meghan's $ 200,000 baby shower, were sponsored by wealthy friends of the couple (like Serena Williams).
Meghan and Harry's security team would continue to pay each other with public funds
Simon Morgan, a former Royal Personal Protection Officer and Director of Operations and Training at London-based security firm Trojan Consultancy, previously told Business Insider that the couple need to relinquish their Royal Highness titles to have their protocols removed. of security.
The most recent statement from Buckingham Palace confirmed that Meghan and Harry will no longer wear the titles of Royal Highness, once their resignation is formalized this spring.
The statement also says: “Buckingham Palace will not give details on the security arrangements. There are well established and independent procedures to determine if the security will be paid for with public resources ”.
Morgan told Business Insider that if Meghan and Harry had to pay their own private security contractor, it could cost "thousands of pounds per day (if paid day-to-day), or hundreds of thousands of free per year" to maintain. your current level of protection.
As it currently works, the entire royal family costs roughly a pound ($ 1.30) to each taxpayer per year, according to the Duke and Duchess website.
Growing criticism about the cost of her lifestyle to taxpayers may have been the main reason for the decision to include her goal of financial independence in her announcement last January, according to Meinzer.
