Prince Harry and Meghan Markle May Need to Scale Back Lavish Lifestyle
Prince Harry and Meghan Markle might have to reduce their extravagant spending after King Charles III revoked their last remaining U.K. residence and cut them off from the royal family payroll. According to insiders, Harry and Meghan are concerned about maintaining their lavish lifestyle without royal financial support.
“They never imagined they would be totally cut off,” a source close to the couple revealed, adding that they have been “bleeding money” since relocating to the U.S. “When Harry was a royal, he went on huge shopping sprees, glamorous vacations, and treated friends to dinners at expensive London restaurants,” the insider claimed. “Charles funded everything, so Harry didn’t have to think about money.”
The couple reportedly took out a $10 million mortgage on their $14.6 million Montecito estate, which has substantial maintenance costs. “Then there are the staffing and security bills,” the source explained.
Despite their financial efforts, including multiyear deals with Netflix and Spotify worth $100 million and $25 million respectively, and Harry’s $35 million four-book deal with Penguin Random House, those close to the couple fear these profits “may not be enough to sustain” their current lifestyle.
Meghan has also recently appeared in an Instagram ad for the coffee brand Clevr Blend, which she invested in back in 2020. “Meghan wants to support women entrepreneurs like herself,” the insider noted, “but don’t think she’s doing it for nothing.”
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