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But what might these new livelihoods and income streams entail? And will the family have any say?

Last June, the Sussexes submitted a trademark application for the Sussex Royal foundation on more than 100 items, including hoodies, socks, textbooks and bookmarks. Rather than just selling Sussex swag, the more likely road to (greater) riches for the former soldier and actress could hinge on book deals, speaking engagements and select brand endorsements.

“Given Meghan’s background, social network, and the world she comes from, it wouldn’t surprise me if they moved in a more familiar direction of celebrity should they get approval from the Queen,” said Kenya Hunt, the fashion director of the British magazine Grazia. “Fashion would also be a natural arena for Meghan, given her industry relationships on both sides of the Atlantic. This news has been very dramatic — people are shocked — but whatever happens with the palace, there will still be a group of fans who admire her style.”

Whatever the Sussexes choose to do, Mr. Haigh of Brand Finance said he did not expect it to hurt the long term clout of the rest of the royal family.

“The royal family generates at least £2 billion of annual incremental revenue to the British market, from promoting endorsements and royal warrants to bolstering soft power; Kate and William were driving that long before Meghan arrived on the scene,” he said. “The growth thanks to the next generation may be less than was hoped for after this, but I doubt the cash flow will actually decline. ‘The firm’ remains too strong an institution.”