The Duke and Duchess of Sussex, Prince Harry, and Meghan Markle might have earned their freedom father having denounced the royal family. However, they are soon to realize being US commoners has its own demerits. Out of the many things that came guaranteed from the Sovereign, despite the strict protocols of the Palace, were the overall security assets. The Sussexes might have felt the stint of the same after the recent reports of them getting robbed of millions by a US bank. 

As reported by Isource News, Prince Harry, and Meghan Markle might have just washed their hands of millions of dollars from the Silicon Valley bank, for it failed destructively on the 10th of March 2023. The tweet further read that “It was a major blow” to the Sussex couple as it had all the Duke’s fat money invested in there. A source familiar with the situation has claimed that “It was a complete disaster.” In addition, it is also said that the couple might not be able to pay back the losses on their own. 

Although no official confirmation has come yet, it is certain that the Sussesexes had opened their accounts in the commercial trading platform, which were all locked up in the failed institution. The bank at present is facing a huge capital crisis, which has ultimately led to the second-largest failure of a financial company in US history.

DIVE DEEPER

Are Prince Harry and Meghan Markle alone to lose assets in the Silicon Valley Collapse? 

The bank, which hit its rock bottom a couple of days ago, was the most preferable bank for US celebrities and media bigwigs. In fact, it reportedly came under the category of the top 20 American banks for people with a slightly greater fortune than US commoners. In addition to that, California-based residents were more vulnerable to the loss owing to its location in Santa Carla.

Thus, everyone, including world-renowned Oprah Winfrey based at the famous Montecito estates, was largely affected by the same.

Speaking of the Sussexes, reports even have it that Prince Harry had all his fortune earned from the publication of the memoir, Spare. Unfortunately, in the case of celebrities and high officials exclusively, the FDIC only insures bank deposits up to $250,000. Thus, it is still unclear how much money the Duke has actually lost.

However, the latest reports reveal that US Government has finally passed the resolutions in a way that it protects the depositors completely.

What is your take on the same? Were you aware of the same before? Let us know in the comments below.