Prince Harry & Meghan Markle Just Made a Shocking Decision That Shook Up The Royal Family–Here’s Everything You Need to Know About It
Since they got together as a couple, the Duke and Duchess of Sussex have been known for their not-so-traditional ways. But they recently took things to a whole new level when they shocked the world with an unprecedented decision that marks a new chapter in the history of the royal family. The young royals have announced that they are about to take a step back from their current duties as senior members of the British monarchy.
The news of the Sussexes’ departure is certainly a shock to many. However, the couple was already seemingly distancing themselves and their small family from the regular trappings of traditional royal life for months already.
There’s their notable decision to live in a separate home outside Kensington Palace, where Prince Harry has actually resided since he was a boy. Deciding to move into Frogmore Cottage in Windsor, they effectively parted ways with the Duke and Duchess of Cambridge and their family.
And now, Prince Harry and Meghan Markle are busy trying to build a life even further away from the British monarchy. Calling their plan a ‘new working model, the couple revealed on their new official website that they’re still a part of the royal family but will be financially independent.
Becoming Financially Independent
It is presumed that their quest for independence entails them buying a private home. Another implication of their decision is that they will no longer get a part of the Sovereign Grant as they are now free to earn their own keep. Other members of the royal family are not allowed to the latter as the Grant provides them housing and pays for their office expenses.
Aside from this though, Prince Harry and his brother Prince William were both eligible to receive money from their father Prince Charles’ duchy (Cornwall). This annual income reportedly amounted to $6.4 million for the brothers in the previous year.
If the Duke of Sussex will still receive his share of this handout, his household can potentially combine this income with those from other streams like sponsorships, book deals and the like to retain a comfortable lifestyle.
A Call to the Past
Due to the nature of their announcement, comparisons between the couple and the infamous Prince Edward, who is Prince Harry’s great grand uncle and his wife Wallis Simpson have been made once again.
It can be remembered that the late royal shocked the world in the 1930s when he gave up his throne to marry Simpson, who was an American divorcee (like Markle). Prince Edward spent the rest of his life in exile living in France with brief returns to the United Kingdom.
More in Buzz
Efficient and Frugal Home Cooking Strategies to Learn During Quarantine
All of us are trying to outlive the virus while eating homemade food and trying new recipes at home. Although we...May 7, 2020
Royal Riches: Guess Which British Duke is Wealthier than Queen Elizabeth
Since Queen Elizabeth II is the reigning monarch of the United Kingdom and the other Commonwealth realms, you would probably assume...May 6, 2020
Get to Know MacKenzie Bezos—Former Wife of Amazon Chief Jeff Bezos and One of the Richest Women in the World
People know MacKenzie Bezos as the wife of Amazon chief Jeff Bezos. They have been married for 26 years before they...May 6, 2020
Ron Perelman and His Way of Making a Fortune
The total assets of the richest individuals on earth have been developing at insane rates. This development is the aftereffect of...May 4, 2020
Scott Disick Relists Hidden Hills Farmhouse for $6.25 Million
Ever had the desire to acquire a house renovated by Scott Disick? Well, first of all, you will need $6.25 million,...May 1, 2020
COVID-19 Tests of Miami Zoo Tigers Come Out Negative
Good news for Miami Zoo fans: the tigers in the animal center are now declared negative for the COVID-19 virus. The tests...April 30, 2020
This Just Might Be the Perfect Destination After the Quarantine—Plus: Things to Do While You’re There
We might not be able to go on vacation for now due to the pandemic, but it doesn’t mean that we...April 29, 2020
Leanne Ford of HGTV is Selling her Minimalistic, Rustic Home in Los Angeles
HGTV actress Leanne Ford planned on making her new house in Los Angeles her young family’s eternity home, yet her plans...April 29, 2020
Rihanna Steps in to Provide $5 Million to Boost Coronavirus Related Efforts
Well-known celebrities are contributing to relief funds from the ongoing COVID-19 pandemic. Rihanna has also joined the group with her Clara...April 28, 2020