- Meghan Markle and Prince Harry officially announced via their Instagram and website on Wednesday that they're stepping back as "senior" members of the royal family, intending "to become financially independent."
- This means that they would no longer receive money through the " sovereign grant " the royal family receives and that they would be able to earn professional income.
- They'll need millions to maintain their lavish lifestyle, which includes everything from $200,000 baby showers to $3 million home renovations.
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In an official statement shared on their website and social media accounts, the Duke and Duchess of Sussex wrote that they intend to "step back" as "senior" members of the royal family , but will continue to support Queen Elizabeth.
That set-up prohibits royal family members from earning professional income, according to their website . By choosing financial independence, Meghan and Harry would no longer receive money through the sovereign grant and would be able to work professionally.
Together, Meghan and Harry are worth $30 million: Meghan's reported net worth is around $5 million from her acting career and Harry's net worth is reportedly at least $25 million, comprised of an inheritance from Princess Diana and an annual allowance from Prince Charles. It's unknown how much of this comes from the crown.
Here's how much money they'd need to maintain their lavish lifestyle, based largely on the millions they've spent in the past year alone.
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