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How Will Prince Harry and Meghan Earn Money When They 'Step Back' From Royal Duties?
Posted
January 9, 2020
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0:41Now PlayingPrince Harry and Meghan Markle have decided to "step-back" and become financially independent. But how will they make money? Public speaking might be an option.
Their new website -- sussexroyal.com -- details the “working model” for the duke and duchess, noting their royal duties will no longer be partly funded by the queen. That means they’ll be freed from restrictions against earning income.
“They value the ability to earn a professional income, which in the current structure they are prohibited from doing,” the website explains. “For this reason they have made the choice to become members of the Royal Family with financial independence.”
Before their marriage, the Duchess of Sussex, 38, was a television actor in the U.S. while Prince Harry, 35, had served in the British Armed Forces. Their earning power could be significant, with the pair expected to secure six-figurespeaking fees.
But creating such a structure may prove tricky. Royal finances have long been contentious and an announcement Wednesday from Buckingham Palace suggests details haven’t been finalized.
“Discussions with the Duke and Duchess of Sussex are at an early stage,” according to the statement. “We understand their desire to take a different approach, but these are complicated issues that will take time to work through.”
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