Prince Harry and Meghan Markel facing financial brunt since stepping out of Royal House
Prince Harry and Meghan Markle’s interview with Oprah Winfrey for a tell-air faced the mud blew all over Britain. And amid this chaos, the duo will be facing the camera to clear the buzz. There is a sit-down interview on 7th March Sunday airing on CBS with Oprah Winfrey featuring The Duchess of Sussex and Prince.
The departure from the House of Windsor made them face a financial crunch in recent days, which stand to see a windfall from various business ventures.
According to Forbes, the couple is currently worth $10 million, with a sizable portion lying in the equity of their nearly $15 million California mansion. For context, Queen Elizabeth II is worth an estimated $500 million.
Late Princess Diana’s property proved as the base of the sinking stick for the duo, with Meghan Markle contributing approximately $2 million (after taxes) from her various works as an actress.
The couple purchased their $14.7 million Montecito home in mid-June, putting down $5 million for the property, and took out a $10 million mortgage, Forbes said.
Additionally, Harry and Meghan donated $3 million to the U.K.’s Sovereign Grant to pay back renovations made on their Frogmore Cottage in Windsor following their departure.
The Sovereign Grant, funded in part by British taxpayers, previously contributed 5% to the total income. It is currently used to finance and support the official duties of the Queen including travel, security, staff, and building upkeep.
The remaining 95% of their income came from the Duchy of Cornwall, a private estate account maintained by Prince Charles.
The New York Times has reported both Prince Harry and Prince William received an estimated $6.4 million from Prince Charles and the Duchy, although the exact number is still unknown.