Financing the firm: how the royal family make their money. In a new clip from the Duke and Duchess of Sussex's upcoming tell-all interview with Oprah Winfrey, Meghan, Duchess of Sussex, refers to the royal family as "The Firm." The Firm is a term that has been used to describe The Royal Family for decades now. The Wealth Advisor Contributor. The firm. The Royal Family has often been called ‘The Firm’ by the press, but the nickname has now also been used by Meghan Markle, in a clip from the Sussex’s tell-all Oprah interview. In it, she explains that "the royal family is a big business" and Prince Philip himself refers to the family as such. The royal family do what they can to maintain a squeaky clean image, but it's not completely unmarred. In 2005, royal biographer Penny Juror published a book titled The Firm: The Troubled Life of the House of Windsor, which examines how the royal family operates as a business. We learned a lot from Meghan Markle and Prince Harry's interview with Oprah Winfrey, which aired last night in the UK. Robert Shrimsley Add to myFT. Vox - Meghan Markle and Prince Harry’s revealing interview with Oprah Winfrey has shocked the world, but for those of us who don’t have an intimate knowledge of the royal family, there might be as many questions as answers. While it seems clear that Meghan and … The Queen has reportedly formed a new “firm of eight” with very specific senior royals. During Harry and Meghan's eye-opening interview with Oprah Winfrey the couple used royal terminology most of the world is unfamiliar with. Share . March 23, 2021. ‘The Firm’ is used to refer to the ‘business’ of the senior members of the Royal Family, with Her Majesty’s ‘Firm of Eight’ revealed just last December. The royal family usually does not use the term in interviews, although Newsweek reports that the Queen does use it in private to refer to a specific group of senior royals. Freed from state support, a monarchy might deliver stellar returns. Inside the institution is the firm, senior working members of the royal family tasked with protecting reputation. The senior members of the House of Windsor should have seen the tectonic consequences coming. The term also often refers to "the firm of eight", the name given to a group of royals denoted by the Queen to be the core of the royal family in 2021, according to reports. Meghan Markle called the Royal Family by the name The Firm during her interview with Oprah Winfrey - and her use of the term has sparked a flurry of speculation over her relationship with her inlaws Also, Royal biographer Penny Junor used the name for her book ‘The Firm: The Troubled Life of the House of Windsor’. The phrase “the firm” has come to apply to the royal family and the institution around it – the “men in grey suits”, as Diana, Princess of Wales coined it. After Prince Harry and Meghan Markle's devastating interview with Oprah Winfrey on March 7, "The Firm" is on shaky ground. It reportedly stems from King George’s statement that he and the rest of the royals were “not a family, we’re a firm,” a concept first introduced in the mid-20th century. Buckingham Palace has hired an external law firm to investigate claims that Meghan, Duchess of Sussex, bullied royal staff, CNN understands. Royal biographer Penny Junor actually used the term herself in the title of her book, The Firm: The Troubled Life of the House of Windsor. THE Queen has agreed to a “New Firm” consisting of eight senior royals without Prince Harry, Meghan Markle or Prince Andrew. The short description of the book states, “However you look at it, the royal family is a big business, though one with more ups and downs than the stock market. The royal institution includes people involved with the royal family and their duties. EXCLUSIVE: The 'New Firm' of eight senior royals, which is backed by the Queen and will be deployed next year, is notably without Prince Harry, his wife Meghan Markle and Prince Andrew The royal institution or the firm tends to include the senior members of the royal family. By Eilish O'Gara On 6/12/15 at 10:20 AM EDT. Inside ‘The Firm’: How The Royal Family’s $28 Billion Money Machine Really Works. One such thing being Meghan's nickname for the royal family: 'The Firm'. And it is even used by Meghan Markle in her upcoming interview with Oprah Winfrey. Meghan said she did not receive any royal training and instead had to teach herself how to become a royal Credit: CBS. Royals to royalties: the Firm is in business. Although "The Firm" could just mean who's in and out of their inner circle, for the sake of avoiding controversy, the royals seem to do their best to keep everyone in line. 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