Prince Harry and Meghan Markle announced on Tuesday that they had been makes “impact partners” in an awakened asset management company.
The Duke and Duchess of Sussex have joined Ethic, a company they had already invested in earlier this year and managed some of the couple’s assets. It has not been revealed how much Harry and Meghan have invested.
Former “Suits” star Markle, 40, has tried to downplay her role in the big-investment world while confirming her new role in a interview with the New York Times DealBook.
“From the world I’m from, you don’t mean investing, do you? Said the Duchess.
“You don’t have the luxury of investing. It looks so chic, ”she said.
Forbes estimate couple’s net worth to about $ 10 million. The Queen, meanwhile, is hitting around $ 500 million, according to the magazine’s tally.
The Californian couple joins Ethic because of its vision of sustainable investing, which the company described as a desire to “make capital markets a powerful force for good”.
Ethic says it helps investors select companies based on so-called social responsibility criteria, including racial justice, climate and labor issues. According to its website, it manages over a billion dollars.
“My husband has been saying for years, ‘My God, wouldn’t you wish there was a place where, if your values were aligned like that, you could put your money in the same sort of thing? “” Meghan told DealBook.
The couple live in an 18,000 square foot, $ 14.65 million home in Montecito, California. It has been reported that they often travel by private jet. Ethic on its website addresses the “fight for the climate” and the problems of “big oil”.
Harry, meanwhile, insisted their investment was just a natural extension of the message to the couple, who have signed a series of large contracts ever since he vowed to be financially independent after leaving the active British royal family.
“You already have the younger generation voting with their dollars and books, you know, all over the world when it comes to which brands they pick and choose from,” Harry, 37, told DealBook.
Ethic also said the partnership came from the couple sharing “a lot of values with us”.
“They are deeply committed to helping address the defining issues of our time – such as climate, gender equality, health, racial justice, human rights and strengthening democracy – and understand that these issues are intrinsically interconnected, ”the company said.