Prince Harry and Meghan Markle’s latest deal with a New York-based asset management company has been criticized by a royal expert, who says if you ‘get the layers back’ the company is only for ‘winning’ money “for its investors. The Duke and Duchess of Sussex announced in The New York Times that they had become “impact partners” at Ethic, a sustainable investment firm, on October 12.

Speaking of the couple’s partnership with the investment bank, talkRadio’s royal correspondent Rupert Bell said: “Let’s be honest, everyone who works in the city is always looking to make money for their investors.

“Now they may have offices that are run a little differently, dogs running around New York or anywhere or whatever they do, but at the end of the day it’s about making money for it. their investors.

“They say if an investor chooses to invest in Fox Corporation they are happy to do it – they really don’t care, they just want to make money even if they do, they say, slightly different .

“Yes that’s great for Meghan and Harry they might think it looks good, but in fact when you pick the layers they’re no different from any other corporate organization in New York looking to earn money for their investors. “

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The Ethic Company selects the companies and sectors in which to invest based on their criteria of social responsibility on issues such as climate change and racial justice.

In a joint interview with the New York Times’ Dealbook, the couple confirmed that they had become “impact partners” in the cabinet and were introduced to the cabinet through recommendations from friends.

The Duchess of Sussex told the newspaper: “From the world I’m from, you don’t talk about investing, do you? You don’t have the luxury of investing. It sounds so sophisticated.”

“My husband has been saying for years, ‘My God, don’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?'”

The couple hope that their involvement in the business will encourage young people to consciously consider their investments and seek sustainable alternatives.

Prince Harry said: “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 from which they choose.”

In a statement, Ethic said they were delighted to be working with the Sussexes, who “share a lot of values ​​with us, and we believe, with many of you as well.”

They added: “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. “

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Ethic currently manages £ 1.3bn and has invested heavily in giant tech companies.

According to a recent US filing, the company’s thirteenth largest investment is in Facebook stocks, which it has $ 6.9million (£ 5million).

They also invested $ 32 million in Alphabet, the parent company of Google, which owns YouTube, as well as a $ 2 million investment in Twitter.

Prince Harry and Meghan Markle have already spoken out against the impact of social media, describing them as a “Relatively lawless space” where disinformation is rampant.

Since leaving the royal family in 2020, the couple have signed a number of lucrative deals to secure their financial independence, including a Netflix deal estimated at £ 100million.