- After stepping down, Prince Harry and Meghan Markle will no longer receive a royal allowance.
- However, it looks like they’ll still be getting money from Harry’s dad, Prince Charles.
It’s cute that you thought today would be a nice, calm Saturday, ’cause the palace just announced details about Prince Harry and Meghan Markle’s new role in the royal family, and It. Is. MAJOR. Not only are Harry and Meghan giving up their royal titles (so they’ll no longer be referred to as “HRH”), but they’re also walking away from the public funding that comes with being a working royal.
And while I guess it’s admirable that Harry and Meghan don’t want to be indebted to the royal family, it looks like they won’t be totally cut off. As in according to royal reporter Omid Scobie, Harry’s father, Prince Charles, will “still continue to offer private financial support” for the couple.
To be very clear, it’s not like Harry and Meghan need anyone to give them any money at all—they’re doing just fine financially, tyvm. Harry is reportedly worth $40 million, while it looks like Meghan is worth around $7 million.
As for the rest of their stepping-down agreement, Harry and Meghan are also going to pay back the country for their Frogmore Cottage renovations and can no longer formally represent the queen. In a statement from Queen Elizabeth, she called the Sussexes “much-loved members of the family” and said, “It is my whole family’s hope that today’s agreement allows them to start building a happy and peaceful new life.” Aw!
