Prince Harry and Meghan Markle may have to cut back on their opulent lifestyles.
After King Charles III chose to take away their final remaining U.K. house and remove the Duke and Duchess of Sussex from the royal family payroll, insiders informed Radar Harry and Meghan may struggle to keep up with their extravagant spending habits.
“They never imagined they would be totally cut off,” a source close to the married pair revealed, adding that they had been “bleeding money” since their move to the United States.
“When Harry was a royal, he’d go on huge shopping sprees, glamorous vacations, and buy everyone drinks and dinner at expensive London restaurants,” a source told me. “Charles funded everything, so Harry didn’t have to think about money.”
According to the outlet, Harry and Meghan took out a $10 million mortgage on their $14.6 million six-bedroom Montecito mansion, which has been expensive to maintain. “Then there are the staffing and security bills,” the source explained.
Financial anxiety has not been due to a lack of effort. The parents of two secured multiyear deals with Netflix and Spotify worth an estimated $100 million and $25 million, respectively. Most notably, Harry supposedly inked a $35 million four-book deal with Penguin Random House, launching his New York Times hit Spare. However, sources close to the power couple are concerned that the profits “may not be enough to carry” their lifestyle.
The former Suits actress also appeared in an Instagram ad for the coffee firm Clevr Blend, which she claims she invested in in 2020.
“Meghan wants to support women entrepreneurs like herself,” the insider said of the move, adding, “but don’t think she’s doing it for nothing.”
