Can Meghan and Harry make the $3 million-plus needed to be ‘financially independent’?
, on official royal business. While the royal annual reports don’t detail how much the Sussex’s travels cost in total, their trip to Fiji and Tonga cost $105,000 , according to the latest Sovereign Grant financial report.
Based on what we know, we estimate the total of the couple’s funds from the Duchy and Sovereign Grants to be a $3 million—again, not including security costs. And that’s not including the cost of their home and renovations: The Sovereign Grant covered last year’s $3.12 million refurbishment of the Frogmore Cottage, the four-bedroom plus nursery home in Windsor where the couple lives when they are in England. The home’s maintenance began before the couple decided to move in and was covered by the Queen, under existing commitments to maintain the upkeep of certain historical buildings, while the couple privately paid for the furniture and decor.
With all of these expenses and their easy access to funds facing a precarious future, the questions remains of how, exactly, the couple plan to earn the millions that their lifestyle demands. They do have some money to live off of: Thanks to her seven-year stint on the television drama, Forbes estimates that Markle has a net worth of about $2.2 million.
But it is more likely that the pair will take up shop on the speaking and book circuit. High-profile speakers like former president and first lady Bill and Hillary Clintoncommand $32,000 per orationA hit book has the potential to earn the couple even more. A seven-figure advance is typical for celebrities like Amy Schumer and politicians like Elizabeth Warren, with some high-profile authors earning even more.
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