Prince Harry and Meghan Markle Are Losing Money, Expert Claims

Prince Harry and Meghan Markle have taken their lives in a completely new direction. The duke and duchess announced in early January that they would be stepping down as senior royals, and they officially ended their professional relationship with the royal family on March 31.

Now, Harry and Meghan are living in the United States. But one financial expert believes the two are slowly losing money — and with the coronavirus pandemic, it could be a while before they’re making more.

Prince Harry and Meghan Markle
Prince Harry and Meghan Markle | Chris Jackson/Getty Images

Prince Harry and Meghan Markle are trying to becoming financially independent

When Harry and Meghan first decided to leave the royal family, they wanted to do so on their own financial terms. Harry has always been supported by the royal family, but he and Meghan wanted to carve their own path without relying on Harry’s family to take care of them.

Initially, the couple still wanted to support the queen upon stepping back financially, but they soon realized that it wasn’t feasible to do so without receiving taxpayer money. As a result, Harry and Meghan made the decision to leave the family entirely.

They reportedly still rely on Prince Charles for their security costs

The duke and duchess flew halfway across the world to Vancouver Island, British Columbia, where they lived for only a couple of months. They later relocated to the Los Angeles area and are reportedly living in Malibu, California while they start their next steps. But living in the United States without a consistent source of income is costly, and the two are reportedly receiving $2.5 million from Prince Charles this year to help cover their security costs while in the United States.

Harry and Meghan could be losing a lot of money

According to one financial expert, Harry and Meghan left the royal family at the wrong time. Financial expert Brett Arends recently wrote in a Market Watch article that Meghan and Harry’s biggest problem “… Is that Brexit has left the British pound very weak on international exchanges” — as reported by Express. “As a result, Harry’s royal fortune… Will go a lot less far on this side of the pond than it would have a few years ago,” Arends continued.

Right now, Meghan and Harry are seemingly living off of their own net worths, since they’re still figuring out exactly what their next steps are in terms of income (though Meghan certainly made some money from the Disney documentary “Elephant”). With that, they’re essentially slowly spending their money. And though they’ll almost certainly make it back, it could be a little while before that happens.

Prince Harry and Meghan Markle
Prince Harry and Meghan Markle completed their final royal engagements in March. | Simon Dawson/WPA Pool/Getty Images

The coronavirus might have caused the two to pause their new business ventures

Meghan and Harry hit the ground running when they first moved to North America, but the coronavirus pandemic has caused businesses to halt. And that means that Meghan and Harry’s new income plans are likely at a standstill as well. There is very little chance the two would actually run out of money, as they’re still being partially funded by Prince Charles (through his income, though, rather than taxpayer funds). But still, the two are likely itching to get started on their own business ventures and have a steady income once again.