It seems that the Duke and Duchess of Sussex, Meg and Harry, are facing some serious financial troubles.
Rumors have been circulating about their living arrangements, with Meg reportedly staying at the Beverly Hills Hotel chain and Harry taking up residence at the Better Up Headquarters.
The couple has been seen together at the private club San Vicente Bungalows, but they made a swift exit, evading the prying eyes of reporters.
Financial statements from 11 ghost companies associated with the Sussexes reveal that they are struggling to make ends meet.
As we previously reported, Meg was forced to sell her Montecito mansion at a loss after being cornered by Oprah.
The couple’s expenses are staggering, including security costs ranging from $3-6 million, PR expenses of $2-4 million, mortgage and utilities amounting to $1 million, staff salaries totaling $3 million, and additional expenses for travel, vehicles, and Ms. Todger’s wardrobe.
Their monthly mortgage on the Olive Garden property alone is a whopping $200,000, while the overall mortgage amounts to around $40,000 per month.
Despite their diminishing budget, Meg and Harry are determined to maintain their extravagant lifestyle.
However, their dwindling funds, which started at a few tens of millions, are rapidly leading them towards bankruptcy.
Contrary to popular belief, the Sussexes did not receive a $100 million contract from Netflix or a $30 million deal from Spotify.
These figures were potential earnings if they had delivered on promised projects, which they have failed to do so far.
Their collaboration with Netflix and Spotify resulted in a heavily fictionalized love story, a personal rant, and a documentary that they merely attached their names to.
The actual earnings from these contracts would have been significantly lower, after accounting for production and staffing costs.
Furthermore, the couple’s high-cost lifestyle includes expenses such as property taxes, insurance, income tax, security costs exceeding $2 million per year, and various staff members including managers, agents, nannies, maids, gardeners, drivers, and hair and makeup stylists.
Private jet fees, school fees, food, drugs, booze, and Meg’s million-dollar clothing budget also contribute to their extravagant spending.
Their desire to be seen as VIP royals comes at a hefty price.
It is estimated that they would need to spend at least $10 million per year to maintain their desired lifestyle.
Unfortunately for them, their funds are depleting rapidly, and they have no new work offers on the horizon.
Their reputation has been tarnished, and it seems that no one wants to associate with them anymore.
Even their charitable foundation, R12 Foundation, may not be able to sustain their expenses.
While they claim that up to 95% of accessible funding can be used for business expenses related to their nonprofit operations, travel, fundraising, housing, attire, salaries, and other operational costs, the foundation must adhere to Delaware law, which mandates that a minimum of 5% of donations must go directly to the benefiting charity.
It appears that Meg and Harry’s financial downfall is imminent, and they have no safety net to rely on.
Their actions have alienated many, and they seem to be heading towards a financial ruin that they may struggle to recover from.
Whether they deserve this fate or not, only time will tell.