The News
Bad End for Gold Digger
Meghan Markle, the Hollywood actress turned Duchess of Sussex, has found herself in a financial predicament as her former Los Angeles mansion hits the market for a humble $1.8 million.
Reports suggest that Meghan and her husband, Prince Harry, are facing significant money troubles in the United States.
Sources close to the couple have disclosed that their expenses are spiraling out of control as they navigate their new life away from the United Kingdom.
Apart from the hefty $3 million security costs they bear, Meghan and Harry spare no expense, particularly when it comes to travel and accommodations.
It is alleged that their lavish spending habits have plunged them into a financial abyss, with Prince Harry reportedly carrying a substantial credit card debt of $480,000.
Furthermore, he is said to have depleted a significant portion of his inheritance from Princess Diana.
On the other hand, Meghan's extravagant wardrobe and jewelry collection alone are rumored to exceed $10 million.
Speculations about the couple selling their Montecito mansion and seeking a new abode have been circulating recently.
A source disclosed to the Mirror that Prince Harry and Meghan Markle are contemplating parting ways with their current residence.
The real estate listing for Meghan's former home, which she shared with her ex-husband, is now live, priced at $1.8 million.
This sudden rush to liquidate assets is believed to be linked to a recent employee bullying case involving Meghan, where she reportedly paid substantial sums to settle claims and suppress negative media coverage.
Before her marriage to Prince Harry, Meghan resided in a charming colonial-style home in L.A.'s Hancock Park neighborhood with her then-spouse, Trevor Engelson.
The property, encompassing four bedrooms and three bathrooms across 2,262 square feet, boasts an elegant exterior with expansive windows and a regal entryway.
Inside, the open floor plan showcases stylish hardwood flooring, leading to a spacious living room ideal for hosting gatherings and events.
The adjoining dining area connects to a patio, perfect for outdoor entertainment.
The heart of any home, the kitchen, features modern amenities and chic marble tiling, promising a delightful culinary experience.
The bedrooms are bright and airy, accentuated by hardwood floors and ample natural light.
Despite its allure, Meghan's decision to part ways with this luxurious residence remains a mystery.
Recent news also highlights an investigation clearing the Duke and Duchess of Sussex of breaching UK charity laws, shedding light on their charitable intentions amidst financial challenges.
As the couple navigates their financial woes, plans to expand their brand and secure a stable income stream have faced setbacks, partly attributed to the ongoing pandemic.
The exorbitant costs associated with maintaining their Montecito mansion, coupled with other extravagant expenditures, have strained their finances significantly.
With expenses surpassing their income, downsizing has become a viable option to alleviate the financial burden.
The couple's luxurious lifestyle, including their costly security arrangements, is cited as key factors contributing to their impending financial downfall.