Prince Charles Will "Offer Private Financial Support" to Harry & Meghan
Prince Harry and Meghan Markle are stepping down as senior members of the royal family.
As explained in an official statement from Buckingham Palace, "They will no longer receive public funds for Royal duties."
BAZAAR.com's Royal Editor At Large, Omid Scobie, noted on Twitter, "Prince Charles will still continue to offer private financial support" to the couple.
Big changes are ahead for the Duke and Duchess of Sussex.
Amid the news that Meghan Markle and Prince Harry will no longer use their HRH titles, it's been revealed that Prince Charles will still support the couple financially. While the details of Prince Charles' support remain unknown, BAZAAR.com's Royal Editor At Large, Omid Scobie, reported on Twitter, "Prince Charles will still continue to offer private financial support" to Meghan, Harry, and Archie.
There are several ways that Charles may offer his financial support, particularly as Meghan and Harry will now "meet running costs" of their U.K. residence Frogmore Cottage "privately," per Scobie.
— Prince Charles will still continue to offer private financial support.
— They’ll still happily attend engagements for the Queen (such as Trooping the Colour).
— Details, including security and using the name “Sussex Royal” will be shared in due course.— Omid Scobie (@scobie) January 18, 2020
Crucially, as they are stepping back from their roles as working royals, Meghan and Harry "will no longer receive public funds for Royal duties." As such, they will be making a move towards being financially independent, as previously announced.
Currently, the duke and duchess' income, related to their royal duties, has mostly been covered by Harry's dad, Charles, Prince of Wales. The majority of Prince Charles' income comes from the Duchy of Cornwall, and he uses the funds to support family members. It makes sense that he would continue to offer this support to his son's new family as they move forward in their new capacity.
It's also worth noting that both Harry and Meghan have sizeable net worths of their own, as well as a strong earning potential now that they are no longer working royals.
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