How much money would Prince Harry and Meghan Markle give up
Meghan Markle and Prince Harry, the Dukes of Sussex, announced on Wednesday their decision to retire from British royalty and that they will live between the United Kingdom and North America.
The change in their life will, of course, include changes in their finances, because, according to the Daily Mail newspaper, they could lose about 2 million pounds sterling (more than USD 2.6 million) that the Crown allocated them each year for their expenses. .
According to that portal, it was no secret that the couple had considered what their future would be in the British Crown, especially after spending a difficult year under public scrutiny, which included criticism of the expenses in their trips abroad.
Now there are several questions that open the decision about the dukes, and perhaps the most important is how they will finance their life in Canada.
There is also the question of whether British taxpayers will continue to fund their lifestyle and who will pay for the safety of the dukes once they move in.
According to the Daily Mail analysis, Toronto could be the city chosen by Meghan and Harry to spend much of their time, as it was there that they enjoyed the first months of their romance, before it was made public to the world, in October of 2016.
It is also the city in which Meghan felt at home after filming the series Suits there for seven seasons.
One of the criticisms against Harry and Meghan was the fact that they avoided living in Windsor and opted to remodel Frogmore Cottage, which cost British taxpayers 2.4 million pounds ($ 3.14 million).
And although the Frogmore thing was a gift from the Queen, if they decide to buy a house in Toronto they would have to pay for it with their own money.
Another option for the couple would be the city of Vancouver, but it does not seem that life there is less expensive for them.
It was that city chosen by Meghan and Harry to spend Christmas together with Archie, in a luxury mansion overlooking the sea and whose market price is 10.7 million pounds sterling.
In Vancouver they were able to enjoy walks together with friends, without constant media harassment. But it is the most expensive city to live in Canada, and if you want to continue to enjoy luxury, it will cost you millions of pounds. Toronto is the second most expensive city in that nation.
The security problem
Another of the key issues is the fact that Harry, Meghan and Archie have six permanent bodyguards who are part of the Metropolitan Police and whose salary is paid by the taxpayers (100,000 pounds sterling - USD 131,000 per year - including overtime ).
The doubt arises because in the first moments of their romance, Harry was seen in Canada with personnel from that country, so it would be understood that it will be the Canadian taxpayers who cover the cost of the security of the dukes, who will need protection forever.
“Harry has a duty to the Queen. Moving abroad is a huge task, they will have to find a location they want, the security costs would be enormous and impossible to estimate ”, considered the specialist in British royalty Richard Fitzwilliams, consulted by Daily Mail.
Your financial independence
Perhaps the most important questions to be answered are how the dukes will survive financially and whether Harry will keep the money that was earmarked for him as a member of royalty?
According to the Daily Mail, Queen Elizabeth or Prince Charles are unlikely to cut off Harry's resources.
Data from that portal indicate that Harry receives 2 million pounds annually from the Crown (about $ 2.6 million) as part of the Sovereign Grant, supported by UK taxpayers.
Apparently Harry also gets money from the estate of the Duchy of Cornwall.
But it is not known if his income will continue to pay for his expenses, as the dukes allocate one million pounds (USD 1,300,000) in personnel expenses. They pay, for example, 146,000 pounds to his private secretary, and Archie's nanny also receives a six-figure salary. His personal assistants and assistants at Frogmore receive between £ 20,000 and £ 30,000 ($ 26,000-39,000).How much money would Prince Harry and Meghan Markle give up and how they will finance their lives in Canada With their resignation from official duties of the royal family, the Duke and Duchess of Sussex could lose the millions of pounds they receive each year from the Crown, although taxpayers Britons would still have to pay for their security equipment
Meghan Markle and Prince Harry, the Dukes of Sussex, announced on Wednesday their decision to retire from British royalty and that they will live between the United Kingdom and North America.
The change in their life will, of course, include changes in their finances, because, according to the Daily Mail newspaper, they could lose about 2 million pounds sterling (more than USD 2.6 million) that the Crown allocated them each year for their expenses. .
According to that portal, it was no secret that the couple had considered what their future would be in the British Crown, especially after spending a difficult year under public scrutiny, which included criticism of the expenses in their trips abroad.
Now there are several questions that open the decision about the dukes, and perhaps the most important is how they will finance their life in Canada.
There is also the question of whether British taxpayers will continue to fund their lifestyle and who will pay for the safety of the dukes once they move in.
According to the Daily Mail analysis, Toronto could be the city chosen by Meghan and Harry to spend much of their time, as it was there that they enjoyed the first months of their romance, before it was made public to the world, in October of 2016.
It is also the city in which Meghan felt at home after filming the series Suits there for seven seasons.
One of the criticisms against Harry and Meghan was the fact that they avoided living in Windsor and opted to remodel Frogmore Cottage, which cost British taxpayers 2.4 million pounds ($ 3.14 million).
And although the Frogmore thing was a gift from the Queen, if they decide to buy a house in Toronto they would have to pay for it with their own money.
Another option for the couple would be the city of Vancouver, but it does not seem that life there is less expensive for them.
It was that city chosen by Meghan and Harry to spend Christmas together with Archie, in a luxury mansion overlooking the sea and whose market price is 10.7 million pounds sterling.
In Vancouver they were able to enjoy walks together with friends, without constant media harassment. But it is the most expensive city to live in Canada, and if you want to continue to enjoy luxury, it will cost you millions of pounds. Toronto is the second most expensive city in that nation.
The security problem
Another of the key issues is the fact that Harry, Meghan and Archie have six permanent bodyguards who are part of the Metropolitan Police and whose salary is paid by the taxpayers (100,000 pounds sterling - USD 131,000 per year - including overtime ).
The doubt arises because in the first moments of their romance, Harry was seen in Canada with personnel from that country, so it would be understood that it will be the Canadian taxpayers who cover the cost of the security of the dukes, who will need protection forever.
“Harry has a duty to the Queen. Moving abroad is a huge task, they will have to find a location they want, the security costs would be enormous and impossible to estimate ”, considered the specialist in British royalty Richard Fitzwilliams, consulted by Daily Mail.
Your financial independence
Perhaps the most important questions to be answered are how the dukes will survive financially and whether Harry will keep the money that was earmarked for him as a member of royalty?
According to the Daily Mail, Queen Elizabeth or Prince Charles are unlikely to cut off Harry's resources.
Data from that portal indicate that Harry receives 2 million pounds annually from the Crown (about $ 2.6 million) as part of the Sovereign Grant, supported by UK taxpayers.
Apparently Harry also gets money from the estate of the Duchy of Cornwall.
But it is not known if his income will continue to pay for his expenses, as the dukes allocate one million pounds (USD 1,300,000) in personnel expenses. They pay, for example, 146,000 pounds to his private secretary, and Archie's nanny also receives a six-figure salary. His personal assistants and assistants at Frogmore receive between £ 20,000 and £ 30,000 ($ 26,000-39,000).
Their wealth could help them support a wealthy life in North America. Harry's is estimated to be $ 39 million (26 of which he inherited from Princess Diana), and Meghan would have about $ 5 million.
