Rumors are circulating about the financial predicament faced by Prince Harry and Meghan Markle, suggesting that their financial woes began a few weeks ago when they could no longer afford the Olive Garden.
As a result, Meghan sought refuge in a cottage on Oprah Winfrey’s estate, while Harry resorted to staying in hotels and motels.
Meanwhile, their children stayed with their biological parents.
However, speculations suggest that Meghan’s stay at Oprah’s estate may not be permanent, as it is unlikely that Oprah would allow her to stay unless she is in dire straits.
Additional rumors claim that Harry and Meghan did not actually purchase the lavish Montecito mansion with multiple bathrooms.
Instead, it appears that the mansion was never registered under their names but rather under an LLC, indicating that the true owners could be a group of individuals or a single person who rented it out to them.
It is plausible that the couple had to vacate the property due to financial constraints, possibly being unable to afford the rent any longer.
According to Regrid, which last updated its records on August 30th, 2022, the Montecito mansion is owned by Rockbridge LLC, which uses the property as its mailing address.
Placing a house in a trust or a business LLC is a common practice, as it has implications for loans, taxes, and categorizes the home as a business asset.
The registered address of Rockbridge LLC is situated at 1482 E Valley Road, 517, which is a strip mall in Montecito.
However, this address also houses an executive services business with post office boxes, raising the possibility that 517 serves as the post box number for Rockbridge LLC.
The business has been active since 2009 and is the owner of the Montecito property.
The sprawling 14,500 square foot mansion, adorned with vines, boasts luxurious amenities such as a home cinema, spa, gym, and even a lift.
While it remains unclear from US records whether the couple has paid off any portion of their loan, it is evident that their highest financial commitment lies in their comprehensive security measures.
Harry has consistently emphasized the importance of their security, which incurs an annual cost estimated between £2 million and £5 million.
Ensuring the family’s safety demands a squad of guards, state-of-the-art surveillance equipment, and coverage for their extensive grounds.
Additionally, Harry, Meghan, and their children are accompanied by bodyguards wherever they go, necessitating advance scouting of locations and robust vehicles for safe transportation.
When traveling abroad, security staff also require flights and accommodations.
Security consultants previously estimated the price tag for these measures to be a substantial £2.4 million.
Initially, it was reported that Prince Charles was covering approximately £4 million of their security expenses when the Sussexes relocated to America.
However, their controversial lifestyle choices have likely increased their security requirements, further straining their finances.
Aside from exorbitant security costs, the couple also faces the burden of high taxes in California, one of the highest in the United States.
The property tariff on their Montecito home alone amounts to a staggering £116,746 per year.
With Harry’s purported lack of work prospects in the coming months, he is allegedly relying on Meghan to secure their financial future.
Mary Madigan, a source close to Meghan, suggested that if Harry does not find employment soon, Meghan may have to take on the responsibility.