During his interview with Oprah earlier this year, Prince Harry’s comments that his family had ‘literally cut me off financially’ in Q1 2020 drew special attention. However, now officials working for Prince Charles have further briefed reporters on the financial arrangements surrounding the Sussexes’ departure from royal life, saying the Prince of Wales backed them with a ‘substantial sum’ immediately after their withdrawal .
The latest information came to light when the Royal Household released its annual accounts for the fiscal year ending March 2021. In addition to the Sovereign Grant report, which is published by Buckingham Palace and covers spending of public money, the House of Prince Charles also publishes an annual review which shows how he spent his income from the Duchy of Cornwall. Regarding spending over the past fiscal year related to Harry and Meghan, a senior spokesperson for Clarence House said Prince Charles had allocated a “substantial sum to support them” in the transition to financial independence. The spokesperson said that funding ceased in the summer of last year. A spokesperson for Harry and Meghan then clarified that Harry’s comments on the hiatus in the first quarter of 2020 referred to the first quarter of the fiscal year which began in April 2020. The couple officially left royal life at the end of March 2020, at which point they have entered what has been described as a year of transition for them to try a new life.
In September 2020, Harry and Meghan announced a multi-year production deal with Netflix, which could be worth up to $ 150 million. In December, they revealed a second deal with streaming service Spotify. Meghan is also the author of a bestselling children’s book The bench. The couple bought a house in Santa Barbara and it seems increasingly clear that they see the United States as their future home.
The Sovereign Grant report released by Buckingham Palace also detailed how the Sussexes paid a “lump sum of £ 2.4million” in September 2020 “to reimburse the Sovereign Grant for expenses incurred for the renovation of Frogmore Cottage” . The report says part of the lump sum was allocated as rent for them to keep the property as a base in the UK – a deal which royal officials say covers all of their obligations and is good for the sovereign subsidy and the taxpayer.
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