Prince Charles has threatened to cut off Prince Harry’s cash flow if he and Meghan step away from the royal family completely, according to a new report.
The Prince of Wales has made it clear to the couple that any agreement over money will depend on details of their future roles, the UK Times reported Friday. The father and son have reportedly been in negotiation chats since Christmas, the outlet said.
In a surprise announcement Wednesday, Harry and Meghan said they were stepping down as “senior” members of the royal family and would work on becoming “financially independent.”
Ninety-five percent of the Sussexes’ costs are bankrolled by income Charles earns from the Duchy of Cornwall estate, while the remaining 5 percent comes from the taxpayer-funded sovereign grant.
Charles shelled out $11 million covering the duties of his sons Harry and William and their wives between 2018 and 2019, according to financial records.