Following today’s bombshell announcement they’ll be “stepping back” from royal life, Prince Harry and Meghan Markle plan to pay their own way. Could property give them the keys to the kingdom?
While many applaud the Duke and Duchess of Sussex for their desire to become “financially independent”, others have called the pair “spoiled brats” for abandoning their posts in favour of personal freedom.
Classic millennials. Giving up the family allowance and moving out of home. Someone hide the avocado and call the Barefoot Investor.
The logistics of how they’ll fund their new lifestyle has got our imaginations flaring, as their hip pockets are anticipated to take a large hit. Here are some ideas for how Prince Harry and Meghan Markle can foot the bill when they flee the nest.
1. Live the share house life
The couple plans to split their time between England and North America with their baby son, Archie, and will remain at the recently renovated Frogmore Cottage in Windsor.
Most of the property’s renovations were technically funded by UK taxpayers – at least £2.4 million on structural work came from the Sovereign Grant, while the interiors were funded by the couple themselves – so perhaps the Sussexes could entertain the idea of taking on some British boarders?
Formerly five separate apartments, the 1801-built cottage is now a 10-bedroom residence, surrounded by 33 acres of private gardens next to Windsor Castle. Plenty of opportunity to subsidise their living costs.
Imagine the keggers. Beer pong at 10 paces.
2. Short-stay holiday rentals
If sharing with others doesn’t appeal, perhaps they could lease out the cottage to holidaymakers seeking an R&R experience – rich and royal?
Why stay at a good old bed-and-breakfast when you can live like a king for the day? We think it’ll catch on.
3. A royal reception (venue)
Harry and Meghan hosted an evening wedding reception at the 17th century Frogmore House, which is on the same estate as the cottage. The grand residence was also the backdrop for their official engagement photos. So this could be another way to kickstart the cash flow.
Imagine the #weddinspo.
Read the Sussexes official statement here:
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“After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution. We intend to step back as ‘senior’ members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen. It is with your encouragement, particularly over the last few years, that we feel prepared to make this adjustment. We now plan to balance our time between the United Kingdom and North America, continuing to honour our duty to The Queen, the Commonwealth, and our patronages. This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity. We look forward to sharing the full details of this exciting next step in due course, as we continue to collaborate with Her Majesty The Queen, The Prince of Wales, The Duke of Cambridge and all relevant parties. Until then, please accept our deepest thanks for your continued support.” – The Duke and Duchess of Sussex For more information, please visit sussexroyal.com (link in bio) Image © PA