Prince Harry and Meghan Markle shocked fans around the world yesterday evening when they announced they are stepping back as senior royals. The interesting part of this news is that the couple are set to earn millions in endorsements despite walking away from the Royal Family’s wealth.
By withdrawing from the sovereign grant, the Sussexes have paved the way to bank a fortune. They are no longer bound by royal work, Harry and Meghan are free for commercial deals that could include lucrative sponsorships.
The Duke and Duchess of Sussex sensationally quit royal life last night – without even telling the Queen in advance about their bombshell announcement.
US public relations guru Ronn Torossian said the couple could now get “any endorsement deals in the world they may want”.
The CEO of New York-based PR firm 5WPR said: “This news, while surprising to many, should not come as such a shock given that the clues were there for months.
Many will see this as Harry abandoning the family, with increased irritation by taxpayers with royal spending and, of course, Prince Andrew’s ongoing scandal.
“The Royal Family is scarred right now, but not out for the count. Their legacy is much larger than just Meghan and Harry.
“That said, I think Meghan Markle will remain a huge superstar.
“Whether this will give Meghan and Harry the lower profile they seem to crave remains to be seen.