Meghan Markle and Prince Harry have been front-page news since surrendering their titles. The royal family has cut them off monetarily.
The Duke and Duchess of Sussex appeared to be doing well and working on their own charity, however it has been claimed that their charity isn’t finding real success by any means.
Prince Harry and Meghan Markle originally stated in January 2020 that they would be stepping away from key royal tasks. The pair originally wanted to keep their titles while taking on less formal activities and working toward financial independence.
According to the statement, they planned to “carve out a progressive new position inside this institution.”
Buckingham Palace, on the other hand, was not pleased with their statement. Soon after, palace authorities stated that Harry and Meghan would no longer receive public monies for royal activities and would no longer be officially representing the queen.
The Duke and Duchess of Sussex fulfilled their final royal responsibilities in March 2020. Their ambitions to become financially independent did not work out as they had imagined. The pair revealed everything in a well known interview with Oprah Winfrey.
Prince Harry said that his family had entirely cut him off monetarily. He stated that in the first quarter of 2020, he received no money from his family and had to rely on the funds left to him by his late mother, Princess Diana had abandoned to give security to his loved ones.
However, when Prince Charles’ office, Clarence House, released its yearly financial statements, it presented a different story. According to sources, the Prince of Wales allotted $6.3 million to each of his sons, without detailing how much money was provided to either son’s family.
A representative at Clarence House, however, informed the media that the Prince of Wales has granted a large sum to Prince Harry and Meghan Markle to assist them transition from senior royals to migrating to California.
According to them, the couple’s decision to surrender their titles was bound to happen. In an interview with Oprah Winfrey, the former royals discussed their time as senior royals and the toll it took on them, particularly Meghan.
Meghan Markle revealed to an alarmed Oprah that she had felt suicidal at times. She explored inpatient care for herself, but was faced with opposition from Buckingham Palace, who warned her that it “wouldn’t be healthy for the establishment.”
Another source of contention for the pair was the evident bigotry Meghan faced not just from the British media but also within the establishment of the Royal Family. Meghan and Harry feel the continuous racist slurs are the cause their son Archie was not granted a title or security protection.
Unnamed family members were anxious that Harry’s unborn kid would be ‘dark-skinned,’ and they were apprehensive about the infant’s appearance.
Another stumbling block for the pair was the Royal Palace’s failure to safeguard Meghan Markle and Prince Harry. Markle said that the media falsely accused her of being a “diva” and being nasty to royal personnel, and that the palace did not bother rectifying the erroneous narrative or addressing these false charges. She even said that the palace has lied on times to safeguard members of the royal family but would not disclose the truth to protect Meghan and Harry.
Furthermore, prior to being formally cut off financially, Harry said that the family intimated that there would not be enough finances to provide for Meghan Markle as well. Meghan was reportedly encouraged to continue acting by the Royal Family.
All of these concerns bred enmity between the Royal Family and the Sussexes.
Meghan Markle famously sued the business that owns the Mail on Sunday, Associated Newspapers Limited (ANL). She alleged they unlawfully publicized a private letter she had sent to her father.
While the UK High Court concurred with Markle, they did not feel she deserved compensation, awarding her merely £1 ($1.30) in court settlement. Typically, instances like these result in a significantly larger settlement.
While Markle did not receive a large settlement, ANL was required to pay her legal expenses.
The couple did not get a payment and have already been monetarily cut off from the Royal Family. However, as of 2020, the pair had started their own philanthropic organization. ‘Archewell’ is the name of the organization.
However, subsequent financial disclosures show that the pair spent more on legal fees than they received through their charity endeavor.
Through their charity, they barely raised tens of thousands of dollars. Because the charity is registered in the United States, they must file yearly public reports with the IRS, and in 2020, they reported raising less than $50,000.
When they retired as senior royals, they founded the Sussex Royal The Foundation of The Duke and Duchess of Sussex, which is registered in the United Kingdom. However, they were then informed that they could not use the title of Royal for their organization and were forced to dissolve the firm.
Charitable organizations in the United States that raise less than $50,000 are not have to supply the IRS with excessive information. Aside from that, the pair formed their company in Delaware, where corporate disclosure requirements are less severe.
While it is unclear whether the Duke and Duchess of Sussex are in debt, it is believed that their philanthropic endeavor is not producing enough revenue.
Financial freedom may be difficult for the former royal couple because they are used to a high-cost lifestyle.
We are certain that the Duke and Duchess of Sussex will be able to find a way to make ends meet. The team is talented and eager to put in the effort!
