Moving trucks have been spotted at the Montecito mansion of Prince Harry and Meghan Markle, sparking rumors that the couple has sold their house.

The news comes amidst reports of the couple’s extravagant spending habits, which appear to exceed their income.

Last year alone, Meghan debuted an impressive $143,000 worth of new jewelry and clothing.

While their recent business ventures, including a deal with Netflix and becoming impact partners with a Wall Street investment fund, may seem lucrative, sources suggest that the couple’s financial situation is not as secure as it appears.

The decision to sell their Montecito property has been rumored for some time.

However, due to their high-profile status, the house will not be listed on the market and will only be shown to serious buyers with confirmed funds.

It seems that Harry and Meghan are looking to stay in the neighborhood or nearby, but are not entirely satisfied with their current house and location.

Sources reveal that there may be more to their decision to sell than meets the eye.

As the world begins to reopen, the Duke and Duchess of Sussex have expressed their desire to expand their connections globally.

This includes strengthening their presence in the United States and around the world.

To achieve this, they are considering purchasing additional properties in various locations.

While they are content in Montecito, the couple feels that the area lacks socializing opportunities.

Therefore, they are exploring the idea of acquiring a townhouse or beach pad in Beverly Hills or Malibu, as well as potentially looking at different houses in Montecito.

Additionally, they have set their sights on an apartment in Manhattan and possibly even Washington D.C. Their aim is to broaden their horizons and mingle with a wider circle of people.

The decision to sell their Montecito mansion may also be influenced by the upkeep required for the property.

With their plans to spend less time there, they are questioning whether the maintenance is worth the investment.

Furthermore, there are concerns that they may lose their Frogmore Cottage in the UK following their move.

Since stepping down from the royal family, Harry and Meghan no longer receive financial support from the Sovereign Grant.

Recent financial troubles, including the collapse of the Silicon Valley bank, have raised questions about the couple’s financial stability.

According to royal biographer Angela Levin, King Charles made it clear to Harry and Meghan that he is not a bank.

Despite previously providing them with millions of pounds to support their transition out of the royal family, Harry constantly complained about wanting more money due to their extravagant spending habits.

It seems that the couple’s financial situation has been strained since their departure from the UK.

With the recent passing of Queen Elizabeth II, Prince William has inherited significant wealth and titles.

As King Charles III ascends to the throne, Prince William becomes the heir to the British throne, receiving a substantial inheritance.

In addition to his existing titles, such as the Duke of Cambridge and Rothesay, William now holds the Duchy of Cornwall.

This vast estate spans approximately 130,000 acres in southwest England and is valued at around $1.2 billion.

The Duchy of Cornwall was established in 1337 by King Edward III to provide private income for his heir, a tradition that continues to this day.

The Duchy of Cornwall generates revenue through various leases, tenancy agreements, farms, development land, and commercial properties.

Its annual revenue report states that the funds are used to support public, private, and charitable activities.

This newfound wealth for Prince William further expands his property portfolio and secures his financial future.

While Harry and Meghan navigate their own financial challenges, it remains to be seen how their spending habits and new ventures will impact their long-term stability.

As they embark on a journey to broaden their horizons and strengthen their global connections, they must carefully manage their finances to ensure a sustainable future.