The financial future of Meghan and Harry faces significant challenges. Amid Meghan and Harry’s financial struggles, as their income declines, their bills continue to rise. Recent reports reveal that the couple’s money situation is becoming increasingly precarious.
Since stepping back from royal duties in 2020, the Duke and Duchess of Sussex have amassed a fortune. They secured multi-million-pound deals with media companies and authors. However, a new Channel 5 documentary titled Meghan and Harry: Where Did The Money Go? exposes the reality behind their wealth. The show highlights how their income is set to decrease further, creating financial uncertainty for the couple.
One major factor is the loss of financial support from King Charles. After the so-called ‘Megxit’ deal, the royal family cut off all financial backing. Harry publicly expressed his frustrations, revealing to Oprah Winfrey that his father “literally cut me off financially.” This move has pushed Harry and Meghan to rely solely on their own earnings and assets.
The documentary sheds light on Harry’s inheritance, Meghan’s considerable wealth, and their expensive lifestyle. The couple purchased a lavish home in Montecito, costing around $14.65 million (£11 million). To finance the property, they took out a mortgage of $9.5 million (£7 million). Their monthly mortgage payments range from $50,000 to $100,000 (£37,000 to £73,000). Experts say it’s unusual for a senior royal to have such a mortgage, emphasizing the couple’s financial shift.
In addition to mortgage payments, Harry now bears the costs of his own security detail. Unlike their royal days, Harry often travels with a four-car convoy, which adds to their expenses. The costs of their security arrangements are substantial, often running into tens of thousands of dollars each month.
Financial experts warn that Meghan and Harry’s income is already declining. Norman Baker, a royal commentator, states that their last big deals have been exhausted. He explains that there are no more large contracts or projects lined up. Baker predicts their revenue will continue to shrink in the future, making their financial outlook uncertain.
Overall, the couple’s expenses are soaring, and their income is not keeping pace. Their situation underscores the significant financial sacrifices they now face. The repeated theme remains clear: Meghan and Harry’s financial struggles are intensifying as their money woes grow more pressing each day.
For more updates on this story, stay tuned to London Pulse News.
