The royal house publishes its annual financial report, the Sovereign Grant report, around June each year. The report includes items such as travel expenses, staff salaries and property taxes, among others. As the Duke and Duchess of Sussex will no longer receive funding from the Sovereign Grant, Hello’s royal correspondent Danielle Stacey said: “It’s only logical that they’re leaving on this particular date.”
There has been a lot of speculation about how they will earn their own income and realize their ambition to become “financially independent”.
They have been reported to have assembled an elite team from Hollywood to help them take advantage of their celebrity status.
According to the Mirror, a key member of the team is Nick Collins of The Gersh Agency.
Mr. Collins acts as the agent for Tobider Maguire of Fame for Spider-Man, as well as Jamie Fox, and is now responsible for managing the profitable film, television and philanthropic offerings for Meghan and Harry.
Other members of the crack team include Meghan’s former Beverly Hills business manager Andrew Meyer and Hollywood lawyer Rick Genow.
The duke and duchess are said to have left for Los Angeles to get closer to their Hollywood team.
Royal commentator and author Kristen Meinzer has no doubts that Meghan and Harry have “great earning potential and believe they will follow in the footsteps of their friends Barack and Michelle Obama.
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Banking insiders have also revealed that there is a “gold rush” to work with the royal couple.
Prince Harry has already had talks with the American bank Goldman Sachs on the development of a future partnership.
Royal sources said contact with the investment bank started in November of last year.
The Duke of Sussex is believed to be able to follow in the footsteps of other celebrities, such as David Beckham and Gwyneth Paltrow, who were guest speakers at “Talks at GS” bank events.
Although the bank does not pay its guest speakers, sources say it could pave the way for Harry and Meghan to establish a profitable future relationship.
The couple are also expected to play a leading role at the World Economic Forum in Davos next year, which could lead them to conclude lucrative trade deals of up to £ 1 billion.
Billionaire business leaders would be keen to invite the royal couple to make an appearance as guest speakers at the prestigious event, which is attended by some of the most influential people in the world.
The event provides the Duke and Duchess of Sussex with the perfect opportunity to expand their business contacts and promote their brand.
Experts believe that finding the right balance between corporate deals and brand ambassadorial roles could easily bring in £ 1 billion for the royal couple.