Meghan Markle and Prince Harry could breach the terms of 'Megxit' if they pursue private work before officially resigning in the spring
Meghan Markle and Prince Harry could be in breach of their "Megxit" deal if they undertake paid private projects outside of the royal family before spring. The Duke and Duchess of Sussex are currently still working members of the royal family, and this won't change until they completely step back later this year. With reports of Harry and Markle's appearance at a JPMorgan event in Miami, and Harry's reported talks with Goldman Sachs, it appears that the couple are already working towards financial independence. However, Buckingham Palace has not confirmed whether they received payment from these companies, and did not immediately respond to Insider's request for comment. Visit Insider's homepage for more stories.
The Duke and Duchess of Sussex could potentially break their agreement with the Queen by pursuing private work before officially resigning from the royal family. Buckingham Palace announced in January that Prince Harry and Meghan Markle would completely step back from their royal duties and titles in the spring of 2020. When this new model takes effect, the couple will no longer be reliant on public funds and will become financially independent.
However, it appears they have already made a start in their pursuit of private work — and if they get paid for these projects before the spring, the couple could be in breach of their agreement. Last week, the couple made an appearance at a JPMorgan event in Miami, a palace spokesperson confirmed to Insider's Darcy Schild. Harry made a speech at the event, where he reportedly discussed mental health, the trauma of losing his mother, and the decision behind "Megxit." It has not been confirmed whether this was a paid appearance. According to the Mirror, Harry has also held talks with Goldman Sachs. While there has been no confirmation on whether the former royal has received payment from the company, the publication reports that a PR guru has suggested the couple could earn up to £1 billion ($1.3 billion) through corporate deals and brand ambassador roles. However, if these deals were to go through before the couple stop receiving public funds in the spring, this could potentially jeopardize the terms of "Megxit." Harry and Markle have not yet completely stepped back from their roles within the royal family. They will reportedly undertake a final royal appearance at Westminster Abbey's Commonwealth Day service in March. Although Buckingham Palace could not confirm this to Insider, they did confirm that "members of the royal family have been invited" to attend the service. "The agreement with the Queen technically starts in the spring," royal commentator Richard Fitzwilliams told Insider. "Harry and Meghan have said they want to be financially independent. It is not known whether they were paid for their JPMorgan appearance but obviously this area is where their future lies. "Connections with Goldman Sachs are likewise likely to be lucrative as the couple are obviously keen not to have to rely on Charles for their funding and also to build their Sussex Royal brand into one of the world's most successful, and heighten their profile as charitable activists as well," he added. The couple are expected to receive private funds from the Duchy of Cornwall, which is managed by Prince Charles, according to Daily Mail royal correspondent Rebecca English. However, another royal commentator, Joe Little, told Insider that the couple will likely have some flexibility in their agreement. "We don't know the specifics of the agreement with the Queen, so it's impossible to say if Harry and Meghan have done something they shouldn't," said Little, managing editor at Majesty magazine. "'Spring' is pretty vague, but I'd imagine there's a degree of flexibility with all the relevant parties," he added. Buckingham Palace did not immediately respond to Insider's request for comment. Read more: How Meghan Markle and Prince Harry could earn enough money to become 'financially independent' of the crown — and why it likely won't include a return to the screen Why the Queen's eldest grandson Peter Phillips doesn't have to follow royal protocol during his divorce Meghan Markle once wrote about her ideal Valentine's Day, and it shows how she and Prince Harry could be spending it this year The Instagram influencer who keeps getting mistaken for Meghan Markle says she doesn't 'see the resemblance'Join the conversation about this story » NOW WATCH: How to find water when you're stuck in the desert