Prince Harry and Meghan Markle are facing a possible cash crunch in the near future. As their lavish lifestyle spirals out of control, their expenses seem to be outpacing their income.
After a string of failed Hollywood deals reduced the ex-royals’ cashflow to a trickle, they could soon be in real financial straits.
The Duke and Duchess of Sussex have millions to pay on their mortgage
Unfortunately, the couple’s Montecito mansion is a major money drain. They’re believed to have taken out multiple mortgages to pay for the $14 million home in 2020.
“They should have bought a $7 million house free and clear,” a source told Celebrity Intelligence newsletter. At the time they bought the home, reports claimed they put down $5 million, with the remaining $9.5 in a mortgage.
In addition, the couple’s extreme security demands are also draining their resources. An insider reported that their bodyguards cost $3 million a year. They have four security personnel at home and add another three when they travel.
In an effort to economize, the Sussexes have slashed their staff of 16 full-time employees to only five between their home and their Archewell business. The remaining staff includes a chief of staff, two TV execs, a UK press rep and a U.S. PR agency.
After losing their moneymaking deals with Netflix and Spotify, a source shared that Meghan “has a sense of how careful they need to be” with their money. But Harry, who was raised amid the royal family’s massive wealth “lacks basic awareness of what things cost.”
Meanwhile, the millions of dollars Harry received from his late mother Princess Diana, his grandmother Queen Elizabeth and his great grandmother are dwindling. With no reliable income on the horizon, the Sussexes are bracing themselves for a stark reality.
“Five years, roughly,” a source predicted. “That’s the window before their lifestyle looks a lot different.”
TELL US – ARE YOU SURPRISED TO HEAR ABOUT THE SUSSEXES DWINDLING ASSETS?
This story originally appeared on Realitytea
