Not wild about Harry & Meghan’s bank roll
SO Prince Harry and Meghan Markle announced this week their latest money-making venture – banking.
City fat cats are being joined by multi-millionaires, the Duke and Duchess of Sussex, partnering a firm whose owners describe themselves as “hippies”.
Arranged in the comfort of their $15million Californian mansion, the couple have become “impact partners” and investors at sustainable investing firm Ethic.
The bank claims to only put their money into businesses that meet its “social responsibility criteria”, including racial justice, climate issues and workplace standards, such as equal and fair pay.
Announcing their move, newly minted Meghan, 40, touched upon the life she once knew growing up in a working-class family compared to the gilded one she now knows after marrying into royalty.
She gushed: “From the world I come from, you don’t talk about investing, right? You don’t have the luxury to invest. That sounds so fancy.”
She added: “My husband has been saying for years: ‘Gosh, don’t you wish there was a place where if your values were aligned like this, you could put your money to that same sort of thing?”
The former actress said they were introduced to Ethic by friends. However, it is not yet known how much they have invested or if they are being paid.
On the couple’s Archewell website, they then served up a large helping of one of their famous word salads: “When we invest in each other, we change the world.”
It added: “We believe it’s time for more people to have a seat at the table when decisions are made that impact everyone.
“We want to rethink the nature of investing to help solve the global issues we all face.”
All very commendable. Previously the British co-founder of Ethic, Jay Lipman, said
in a video on their website they “like hippies” as a company and considered themselves the same despite managing a €1billion fund.
The tech-driven asset manager Ethic said it was thrilled to be welcoming Harry and Meghan.
The firm tweeted: “Together, we are committed to creating a more inclusive, resilient and sustainable future.”
The bank’s website said it aims to empower wealth advisors and investors to create portfolios that align personal values with financial goals.
All extremely interesting given it seems there is very little ethical about the duke and duchess.
Whether it be using private jets like taxis while telling us all to travel less or asking the world to reduce its energy use as their family-of-four lives in an 18,000-square-foot Montecito mansion with a fleet of gas-guzzling SUVS at their disposal.
It is difficult not to think this is yet another corporate relationship designed to line their personal accounts whilst pretending to be philanthropic.
We’d all do well to not forget their trip to New York last month – the one they were hell-bent on billing as an official royal tour.
Meghan turned up at an underprivileged school in Harlem to read her book to the kids.
All while dressed in a couture coat that costs more than the combined incomes of most of those parents at the school.
It doesn’t make any sense. It just shows how out of touch they really are.
Their new venture only adds to the double standards the couple display.
Many people say “go woke, go broke” but in the Sussex’s case it is them laughing all the way to the bank.