11 December 2023 , 14:53
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Prince Harry and Meghan Markle are at risk of losing out on millions of pounds if they're stripped of their royal titles, one expert has warned.
The couple stepped down from the Royal Family three years ago, but have kept their Duke and Duchess of Sussex titles ever since. However, Conservative MP Bob Seely wants to adapt laws that were originally passed in the First World War to deny German nobles their British titles. The bill would force the House of Commons to consider turning Meghan and Harry into simply Mr and Mrs.
Mr Seely explained that this "nuclear option" is "in support of the monarchy". Showbiz expert Mark Boardman believes the move could be disastrous for Meghan and Harry's finances after they made a lot of money opening up about life in the Royal Family.
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Meghan Markle and Prince Harry risk being stripped of their titles (Getty Images)The Duke and Duchess of Sussex released a shocking Netflix documentary last December in which they took aim at a number of members of the Royal Family. In the show, the couple talked about the royals' "unconscious bias", Meghan's emotionless first meeting with the Princess of Wales and claimed there was no protection from the media.
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Harry also alleged there was a dramatic showdown between him and his brother at the now infamous Sandringham Summit. The Duke of Sussex then further took aim at his family in his debut memoir Spare.
In the highly-anticipated autobiography, Harry laid bare his relationship with his brother and claimed the Prince of Wales pushed him to the floor during a row at his Kensington Palace home. Harry's necklace was ripped and he landed on the dog's bowl, which cracked under his back and cut into him, during the alleged incident.
They've made a lot of money speaking out about the Royal Family (AFP via Getty Images)He also claimed William and his wife Princess Kate encouraged him to wear a Nazi costume to a fancy dress party, which sparked outrage in 2005. Entertainment expert Mark told the Daily Express Harry and Meghan have gained too much from their royal titles to loose 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. 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," he said.
Mark also suggested the impact on Meghan and Harry's standing in society would be "significant". He added: "While some may view it positively as a move towards independence, others may see it negatively as a departure from tradition."