Prince Harry and Meghan Markle stand to lose millions of dollars if they’re ever stripped of their royal titles, according to a Hollywood expert.
The couple, who stepped down as senior working royals in 2020 and hightailed it across the pond, have kept their Duke and Duchess of Sussex titles ever since.
But entertainment expert Mark Boardman says the pair’s finances may be in trouble should their Sussex titles ever be taken away from them.
“The potential costs of losing royal titles could be substantial, not only for the immediate financial impact but also the long-term effects on their earning potential,” Boardman told the Express.
“Financial penalties or contractual repercussions tied to their titles within existing contracts could amount to millions, particularly if lucrative commercial deals are affected to the tune of millions a year in lost income should the worst happen, and the Sussexes lose their royal titles.”
Boardman said that if Harry and Meghan’s royal titles are taken away from them, their standing in society would be “significantly” impacted.
“While some may view it positively as a move towards independence, others may see it negatively as a departure from tradition,” he warned.
“Meghan Markle’s popularity in the US is more likely influenced by factors beyond royal titles, such as her individual achievements and personal qualities, but the royal family turmoil would make headlines leading to a decline in popularity which could take years to recover from.”
While the couple, who wed in 2018, retain their respective Sussex titles, they can no longer use their defunct HRH titles.
Since quitting royal life in 2020, the couple settled down in Montecito, Calif., where they have remained since.
The runaway royals sat down for a bombshell interview with Oprah Winfrey, followed by the release of their six-part Netflix documentary, as well as Harry’s protocol-shattering memoir, “Spare.”
The projects, in which they made bombshell revelations about the Firm, were followed by a lucrative Spotify.
They signed a $20 million-plus deal between their Archewell Audio and the streaming giant in 2020.
And in 2021, the pair had signed an estimated $100 million contract with Netflix.
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