The News
Prince Harry and Meghan’s Lavish Lifestyle Raises Eyebrows at Buckingham Palace
Concerns are brewing within the royal family regarding the extravagant lifestyle of Prince Harry and Meghan Markle, which reportedly costs around $20 million a year.
Experts suggest that their financial situation is causing unease at Buckingham Palace, particularly as the couple grapples with significant expenses tied to security and their luxurious home.
Since stepping back from royal duties four years ago, Harry and Meghan have aimed for financial independence.
They signed lucrative deals with major platforms like Netflix and Spotify, but not all these partnerships have panned out.
For instance, their collaboration with Spotify ended last year, raising questions about their future income streams.
One of their notable projects was a Netflix docuseries that stirred controversy by focusing on their royal relatives.
Additionally, Harry's memoir, “Spare,” unveiled personal stories involving his family, including King Charles and the Prince and Princess of Wales.
While these ventures might have initially promised financial gain, the sustainability of such income remains uncertain.
Unlike their royal days when taxpayers covered their security expenses, the Sussexes are now responsible for funding their own safety measures.
This shift has added another layer of financial strain to their budget.
Furthermore, they reside in a $14.6 million mansion located in the affluent Montecito area of California, which also demands ongoing costs.
Royal expert Matt Wilkinson points out that there's palpable tension within the palace regarding the Sussexes' financial future.
The question looms: How will they sustain their lavish lifestyle if their current income sources dry up?
Wilkinson emphasizes that their expenses are substantial, especially concerning security and housing.
According to Wilkinson, those close to the royal family have expressed worries about the couple's financial decisions.
They are reportedly fixated on maintaining their current lifestyle and are reluctant to downsize their living arrangements.
This mindset could pose challenges if their income does not keep pace with their spending.
The mortgage on their Montecito home alone is estimated at around $9 million, a significant financial commitment.
Although Harry had previously received funds from Spotify, the uncertainty surrounding their financial prospects is causing unrest among royal observers.
As the palace watches closely, speculation mounts about the Sussexes' next steps.