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Kevin O’Leary has some business advice for Meghan Markle and her Canadian move

Kitco News

(Kitco News) - Moving to Canada would be a big mistake for Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, said Kevin O’Leary, chairman of O’Shares ETFs and star of Shark Tank.

From a business standpoint, if the couple were to become financially independent of public funds, moving to a larger city in the U.S. would make more sense, he said.

“If they want to get into business they should be moving to Los Angeles where the market is ten times larger for celebrity goods and services,” O’Leary told Kitco News. “So if Meghan wants to bring out a line of clothing or whatever it is, the Martha Stewart strategy, I would do that out of L.A. or New York because the market’s just bigger.”

Prince Harry and Meghan Markle announced on their official Instagram page that they intend to step down as “senior members of the Royal Family and work to become financially independent, while fully continuing to support Her Majesty The Queen.”

The couple has expressed interest in relocating to Canada. O’Leary said that the decision alone could create a rift between them.

“My guess is [Prince Harry] will not leave his family. Those two are going to have to work something out. I can’t believe that anybody would ever leave the Royal platform,” he said.

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