Prince Harry and Meghan Markle’s extravagant $20 million annual lifestyle has sparked worry within the confines of Buckingham Palace, experts reveal.
The royal couple’s financial situation is under scrutiny as they grapple with hefty expenses for security and their lavish California home, leaving concerns looming over what the future holds if their income streams dry up.
Four years ago, the Sussexes made a dramatic exit from their royal duties, expressing their desire for financial independence.
They ventured into lucrative deals with entertainment giants like Netflix and Spotify, although the latter collaboration was terminated last year.
Their involvement in a controversial Netflix docuseries that shed light on their royal connections, coupled with Harry’s memoir “Spare,” which divulged personal details about royal family members, added to the complexity of their financial landscape.
Unlike their time as royals when taxpayers footed the bill for their security, Prince Harry and Meghan Markle are now responsible for funding their own protection.
Their sprawling $14.6 million estate in Montecito, California, further adds to their financial obligations, requiring meticulous management and upkeep.
Royal expert Matt Wilkinson highlights the palpable tension within the palace regarding the couple’s financial strategies moving forward, especially if their current lucrative deals fall through and they aspire to maintain their opulent lifestyle.
In a candid discussion on True Royalty TV’s The Royal Beat, The Sun’s royal editor shed light on the mounting expenses faced by the Sussexes, emphasizing the significant costs associated with security, mortgage payments, and other expenditures.
The couple’s unwavering commitment to maintaining a grandiose lifestyle, evident in their preference for a lavish abode and stringent security measures, poses a challenge amidst financial uncertainties.
Reports suggest that Prince Harry had acquired substantial funds from his collaboration with Spotify, yet concerns persist within Buckingham Palace about the sustainability of their financial resources in the long run.
The prevailing unease within the palace stems from apprehensions about the potential ramifications of a financial shortfall and the implications of seeking alternative revenue streams.
As the Sussexes navigate the complexities of their evolving financial landscape, the need to secure stable income sources becomes increasingly paramount.