{"id":3326,"date":"2020-01-12T06:09:30","date_gmt":"2020-01-12T06:09:30","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/12\/she-found-out-she-would-be-a-civil-servant-in-a-tiara-how-megxit-will-make-meghan-and-harry-rich-beyond-their-wildest-dreams\/"},"modified":"2020-01-12T06:09:30","modified_gmt":"2020-01-12T06:09:30","slug":"she-found-out-she-would-be-a-civil-servant-in-a-tiara-how-megxit-will-make-meghan-and-harry-rich-beyond-their-wildest-dreams","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/12\/she-found-out-she-would-be-a-civil-servant-in-a-tiara-how-megxit-will-make-meghan-and-harry-rich-beyond-their-wildest-dreams\/","title":{"rendered":"\u2018She found out she would be a civil servant in a tiara.\u2019 How #Megxit will make Meghan and Harry rich beyond their wildest dreams"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"article-body\" itemprop=\"articleBody\">\n<p>It\u2019s been said that behind every great man is a great woman. In Prince Harry\u2019s case, it\u2019s three wealthy and media-savvy women. <\/p>\n<p>Harry and Meghan Markle announced Wednesday they \u201cwork to become financially independent\u201d and live between U.K. and North America. Free from the ribbon-cutting duties of royal life, the Duke and Duchess of Sussex are on the brink of becoming a global-media, royal hybrid power couple. Their Instagram &#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                  &#13;<br \/>\n                                    <span class=\"quote down bgQuote\" data-channel=\"\/zigman2\/quotes\/205064656\/composite\" data-bgformat=\"\"><a class=\"qt-chip trackable\" data-fancyid=\"XNASStockFB\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/fb\" data-track-mod=\"MW_story_quote\" target=\"_blank\" rel=\"noopener\">FB, <span class=\"bgPercentChange\">-0.11%<\/span><\/a><\/span>&#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                         account has 10.6 million followers, adding 400,000 in one week. <\/p>\n<blockquote class=\"shareable\" data-share-hover=\"true\" data-share-modprefix=\"mw_pullquote_\" data-share-text=\"Netflix would give the Sussexes a platform of 158 million paid subscribers and be a coup for the streaming service.\"><p>&#13;<br \/>\n                  Netflix would give the Sussexes a platform of 158 million paid subscribers and be a coup for the streaming service.&#13;<\/p>\n<footer>&#13;<br \/>\n                      &#13;<br \/>\n                  <\/footer>\n<p>&#13;\n              <\/p><\/blockquote>\n<p>Harry receives an income from his father Prince Charles, and he is expected to hash out financials with his father. Harry, who is already worth several million dollars, owes his fortune to three famous women: his mother, the late Princess Diana, who became a global superstar; his grandmother, Queen Elizabeth II, and his wife, Meghan Markle, an American-born self-made former actress.<\/p>\n<p>Markle flew back to Canada Thursday amid reports she was driven out by, among other things, <a href=\"https:\/\/www.washingtonpost.com\/lifestyle\/style\/how-much-did-the-british-tabloids-brutal-coverage-of-harry-and-meghan-impact-their-decision-to-step-back\/2020\/01\/09\/13a794aa-330f-11ea-91fd-82d4e04a3fac_story.html\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">press coverage regarded as both overtly and covertly racist<\/a>. Harry has stayed behind for crisis talks with Prince Charles, and Queen Elizabeth, who has reportedly directed the offices of Charles, Prince William and Harry to reach a deal before Harry\u2019s first public appearance on Tuesday.<\/p>\n<p>Multiple newspapers, including the Daily Telegraph in the U.K., have reported that the queen was \u201cdisappointed\u201d with the surprise announcement, and had asked the Sussexes to hold off on issuing a statement. When The Sun newspaper published a front-page story that the couple was contemplating a move to Canada, the Sussexes pushed the button on their statement.<\/p>\n<p>On Saturday, the Telegraph, <a href=\"https:\/\/www.telegraph.co.uk\/royal-family\/2020\/01\/11\/sandringham-showdown-decide-sussexes-future\/\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">citing a palace source<\/a>, reported: \u201cThe family will gather on Monday at Sandringham to talk things through. The Queen, the Prince of Wales, the Duke of Cambridge and the Duke of Sussex will meet for the first time.\u201d It will follow a series of meetings and consultations over the last few days and Meghan will, time permitting, join the meeting by phone, it added.<\/p>\n<p> <strong>Also see: <\/strong> <a href=\"http:\/\/www.marketwatch.com\/story\/meghan-markle-already-signed-a-deal-with-disney-amid-royal-exit-report-2020-01-11\" class=\"icon none\" target=\"_blank\" rel=\"noopener\">Meghan Markle already signed a deal with Disney amid royal exit: report<\/a> <\/p>\n<p>Questions linger over whether they will qualify for armed security if they live in Canada, a member of the British Commonwealth, or the U.S. Markle previously lived in Toronto, where she still has a home, and Los Angeles. Whether they keep their HRH titles is also not a given, especially given that royal titles would certainly burnish their own personal brands and commercial appeal.<\/p>\n<p>Harry is friends with former U.S. president Barack Obama, and will consider adopting the Obamas\u2019 post-White House career model, some royal observers say. Barack and Michelle Obama reportedly signed an eight-figure deal with Netflix &#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                  &#13;<br \/>\n                                    <span class=\"quote down bgQuote\" data-channel=\"\/zigman2\/quotes\/202353025\/composite\" data-bgformat=\"\"><a class=\"qt-chip trackable\" data-fancyid=\"XNASStockNFLX\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/nflx\" data-track-mod=\"MW_story_quote\" target=\"_blank\" rel=\"noopener\">NFLX, <span class=\"bgPercentChange\">-1.97%<\/span><\/a><\/span>&#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                        \u00a0to produce <a href=\"https:\/\/www.nytimes.com\/2019\/04\/30\/business\/media\/obama-netflix-shows.html\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">high-brow<\/a> historical, biographical and social-justice programming with their company, Higher Ground Productions.<\/p>\n<p> <strong>Don\u2019t miss:<\/strong> <a href=\"http:\/\/www.marketwatch.com\/story\/real-housewives-tv-mogul-on-meghan-and-harrys-great-american-adventure-id-talk-to-them-id-broker-the-deal-2020-01-10\" class=\"icon none\" target=\"_blank\" rel=\"noopener\"> \u2018Real Housewives\u2019 TV mogul on Meghan and Harry\u2019s bid for financial freedom: \u2018They\u2019re a branding machine\u2019<\/a> <\/p>\n<p>Netflix would give the Sussexes a platform of 158 million paid subscribers and be a coup for the streaming service, which won critical praise for, \u201cThe Crown,\u201d chronicling the life of Queen Elizabeth. (Netflix did not respond to request for comment.) Harry has already participated in a documentary on mental health with Oprah Winfrey, a friend of the couple, for Apple TV &#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                  &#13;<br \/>\n                                    <span class=\"quote up bgQuote\" data-channel=\"\/zigman2\/quotes\/202934861\/composite\" data-bgformat=\"\"><a class=\"qt-chip trackable\" data-fancyid=\"XNASStockAAPL\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/aapl\" data-track-mod=\"MW_story_quote\" target=\"_blank\" rel=\"noopener\">AAPL, <span class=\"bgPercentChange\">+0.23%<\/span><\/a><\/span>.&#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;\n                                         <\/p>\n<p>The media mogul this week responded to reports that she had helped the Sussexes navigate and negotiate their #Megxit \u2014 as the royal scandal has been described in the U.K. press, a riff on #Brexit, the U.K.\u2019s protracted exit from the European Union. \u201cMeg and Harry do not need my help figuring out what is best for them,\u201d Oprah said in a statement, <a href=\"https:\/\/pagesix.com\/2020\/01\/09\/oprah-winfrey-advised-prince-harry-and-meghan-markle-on-megxit\/\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">according to The New York Post<\/a>. <\/p>\n<p>Ashley Pearson, an American-born writer based in London who has been a royal commentator for two decades, said their powerful political and media connections will serve them well. She sees them leveraging their circle of boldfaced names: \u201cTheir kind of lifestyle costs a fortune. However, one of the reasons they broke off from the royals is, in part, because they want to build their own brand.\u201d<\/p>\n<p>Pearson alleges that Markle is the driving force to break free from the House of Windsor as the pressure became too great for them to bear. \u201cShe had no idea how un-glamorous it really is to be a royal and, when she found out she would be a civil servant in a tiara she was, like, \u2018No way.\u2019\u201d The couple unveiled a <a href=\"https:\/\/sussexroyal.com\/monarchy\/\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">sleek, new website, <\/a>which is similar in pitch and tone to <a href=\"https:\/\/www.obama.org\/mission\/\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">Obama.org<\/a>.<\/p>\n<blockquote class=\"shareable\" data-share-hover=\"true\" data-share-modprefix=\"mw_pullquote_\" data-share-text=\"\u2018One of the reasons they broke off from the royals is, in part, because they want to build their own brand.\u2019\"><p>&#13;<br \/>\n                  \u2018One of the reasons they broke off from the royals is, in part, because they want to build their own brand.\u2019&#13;<\/p>\n<footer>&#13;<br \/>\n                          <cite>&#13;<br \/>\n                              \u2014Ashley Pearson, an American-born writer based in London&#13;<br \/>\n                          <\/cite>&#13;<br \/>\n                &#13;<br \/>\n                  <\/footer>\n<p>&#13;\n              <\/p><\/blockquote>\n<p>The Sussexes have cut their teeth in broadcast media. In 2017, Harry interviewed Barack Obama when he was the guest editor of BBC Radio 4\u2019s Today program and, last year, ITV in the U.K. broadcast \u201cHarry &amp; Meghan: An African Journey,\u201d which aired in the U.S. on ABC &#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                  &#13;<br \/>\n                                    <span class=\"quote down bgQuote\" data-channel=\"\/zigman2\/quotes\/203410047\/composite\" data-bgformat=\"\"><a class=\"qt-chip trackable\" data-fancyid=\"XNYSStockDIS\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/dis\" data-track-mod=\"MW_story_quote\" target=\"_blank\" rel=\"noopener\">DIS, <span class=\"bgPercentChange\">-0.14%<\/span><\/a><\/span>&#13;<br \/>\n&#13;<br \/>\n                            &#13;<br \/>\n                                  &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n      &#13;<br \/>\n                                         Another route: The Obamas reportedly inked a book deal <a href=\"https:\/\/www.vox.com\/2017\/3\/1\/14776542\/obama-book-deal\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">for more than $65 million<\/a>.<\/p>\n<p>While the couple\u2019s break for the border releases them from the drab ribbon-cutting, handshaking daily duties of royal life in the U.K., and should better shield themselves from the jaundiced coverage they have received at the hands of the British tabloids, their bid for financial independence is somewhat more complicated and will not require them to take up full-time jobs.<\/p>\n<p>For a start, they will keep their U.K. base, Frogmore Cottage, their historic Grade II-listed house in Windsor, which was renovated for 2.4 British pounds ($3 million) by the British taxpayer. They have already built a strong royal\/celebrity personal brand, breaking the traditional mold of the royal family. Their 2018 wedding was an unusual mixture of Hollywood and English aristocracy.<\/p>\n<p>Achieving financial independence is a status that Markle, 38, can more legitimately claim to have achieved on her own. She has a reported net worth of $6.5 million (5 million British pounds) from her work on the USA Network legal drama \u201cSuits.\u201d Like many former television and film stars, Markle will likely also <a href=\"http:\/\/www.marketwatch.com\/story\/guess-how-much-this-actor-still-makes-from-1983s-a-christmas-story-2017-12-18\" class=\"icon none\" target=\"_blank\" rel=\"noopener\">receive residuals<\/a> from her seven seasons on that show.<\/p>\n<p>Harry, 35, on the other hand, inherited a sizable fortune after the death of his mother. He inherited approximately 7 million British pounds ($9.2 million) from his mother\u2019s estate, the BBC estimated. His father&#8217;s side of the family is far richer \u2014 worth more than $88 billion, according to Forbes \u2014 including investments, properties, castles and land. <\/p>\n<blockquote class=\"shareable\" data-share-hover=\"true\" data-share-modprefix=\"mw_pullquote_\" data-share-text=\"\u2018Harry &amp; Meghan: An African Journey\u2019 aired in the U.S. on ABC and was sold to several networks around the world.\"><p>&#13;<br \/>\n                  \u2018Harry &amp; Meghan: An African Journey\u2019 aired in the U.S. on ABC and was sold to several networks around the world.&#13;<\/p>\n<footer>&#13;<br \/>\n                      &#13;<br \/>\n                  <\/footer>\n<p>&#13;\n              <\/p><\/blockquote>\n<p>To be fair, Harry also reportedly earned an annual salary of $45,000 when he served as an officer in the Army Air Corps and approximately $52,000 a year while working as a helicopter pilot for the Army Air Corps, according to separate estimates by Forbes and Fortune magazines based on publicly available figures for salaries in the U.K. army. <\/p>\n<p>The Sussexes rely on Harry\u2019s father, Prince Charles \u2014 first in line to the British throne \u2014 for the lion\u2019s share of their income. Prince Charles earns $23 million from the Duchy of Cornwall, a private estate with more than $1.3 billion in assets. The Duchy\u2019s <a href=\"https:\/\/duchyofcornwall.org\/assets\/images\/duchy-iar-2017.pdf\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">financial accounts<\/a> reveal a total income for fiscal 2017 of 37.2 million British pounds ($48.7 million), up 2.5% on the previous year.<\/p>\n<p> <strong>Also see: <\/strong> <a href=\"http:\/\/www.marketwatch.com\/story\/a-powerful-woman-being-vulnerable-is-not-an-advance-this-female-entrepreneur-landed-funding-from-a-male-venture-capitalist-then-he-texted-her-naked-selfies-2020-01-08\" class=\"icon none\" target=\"_blank\" rel=\"noopener\">This entrepreneur landed funding from a male venture capitalist \u2014 but she told him to take a hike after he texted her nude selfies<\/a> <\/p>\n<p>Pearson said Markle struggled to adapt to royal protocol. The Sussexes will no longer be part of the \u201croyal rota,\u201d giving media access to royal appearances. \u201c<a href=\"http:\/\/www.marketwatch.com\/story\/how-can-we-milk-the-s-out-of-this-gwyneth-paltrow-asks-in-the-goop-lab-trailer-2020-01-06\" class=\"icon none\" target=\"_blank\" rel=\"noopener\">Much like Gwyneth Paltrow\u2019s Goop<\/a>, and as Markle previously did with TIG, their personal brand could be worth billions and they know it.\u201d (Forbes recently named reality TV star Kylie Jenner, 22, <a href=\"http:\/\/www.marketwatch.com\/story\/forbes-named-kylie-jenner-the-youngest-self-made-billionaire-ever-haters-disagree-2019-03-05\" class=\"icon none\" target=\"_blank\" rel=\"noopener\">the youngest self-made billionaire ever<\/a>.)<\/p>\n<blockquote class=\"shareable\" data-share-hover=\"true\" data-share-modprefix=\"mw_pullquote_\" data-share-text=\"Princess Diana, who died in a car crash in 1997, had reportedly long dreamed of starting a new life in the U.S.\u2003\"><p>&#13;<br \/>\n                  Princess Diana, who died in a car crash in 1997, had reportedly long dreamed of starting a new life in the U.S.\u2003&#13;<\/p>\n<footer>&#13;<br \/>\n                      &#13;<br \/>\n                  <\/footer>\n<p>&#13;\n              <\/p><\/blockquote>\n<p>It had recently been rumored the couple was planning to up sticks to Canada. Markle lived there while filming \u201cSuits,\u201d and the couple spent Christmas and New Year\u2019s in Canada, reportedly at a <a href=\"https:\/\/www.thedailybeast.com\/prince-harry-and-meghan-markles-dollar14m-canadian-bolthole-revealed\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">waterfront mansion on Vancouver Island.<\/a> As Canada is part of the U.K. Commonwealth, it may be required to pay for security for the couple and their son, Archie, <a href=\"https:\/\/www.telegraph.co.uk\/royal-family\/2020\/01\/08\/prince-harry-meghan-step-back-senior-members-royal-family-couple\/\" target=\"_new\" class=\"icon \" rel=\"noopener noreferrer\">the Daily Telegraph reported.<\/a><\/p>\n<p>Harry\u2019s late mother, Princess Diana \u2014 who died at 36 in a car crash in Paris in 1997 while being pursued by photographers \u2014 had long battled the relentless, prying eyes of the British red tops, which dissected her every move in the years following her 1981 marriage to Prince Charles, and 1996 divorce. She had reportedly long dreamed of starting a new life in the U.S. <\/p>\n<p>Markle told their ITV documentary last year that she had a difficult time adapting to life with the often critical media attention in the U.K. \u201cI\u2019ve really tried to adopt this British sensibility of a stiff upper lip. I\u2019ve tried, I\u2019ve really tried, I think that what that does internally is probably really damaging,\u201d she said. \u201cThe biggest thing that I know is that I never thought this would be easy, but I thought it would be fair.\u201d<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-3642167021\"><div id=\"jobbi-1998035176\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] It\u2019s been said that behind every great man is a great woman. In Prince Harry\u2019s case, it\u2019s three wealthy and media-savvy women. Harry and Meghan Markle announced Wednesday they \u201cwork to become financially independent\u201d and live between U.K. and North America. Free from the ribbon-cutting duties of royal life, the Duke and Duchess of [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-3326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3326"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3327"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}