Press Article: Prince Harry and Meghan Markle Face Financial Struggles in California
Prince Harry and Meghan Markle’s California dream appears to be losing its shimmer as reports reveal troubling financial difficulties. Once buoyed by substantial deals—a five-year $135 million contract with Netflix and a $20 million partnership with Spotify—the couple’s income is reportedly in decline, with Spotify’s agreement already expired and signs of uncertainty surrounding the Netflix deal.
Royal commentator Norman Baker candidly stated, “There’s no doubt in my mind that Meghan and Harry’s income is going to decline in the future.” The couple is facing mounting financial pressures, including a hefty mortgage of $9.5 million on their Montecito estate and soaring security costs, estimated at around $4 million annually. Before their departure from royal life, they enjoyed annual funding from Prince Charles’s Duchy of Cornwall, which totaled nearly $3.1 million.
Moreover, the Sussexes are experiencing a significant staff exodus from their Archewell Foundation, with key personnel departures signaling disarray. Sources claim this isn’t just a strategic shift towards “agency-based support,” as stated by their new communications chief; rather, it reflects serious budget constraints. “They’re running out of money, and now they’re running out of people,” one insider disclosed.
Their post-royal venture, meant to rebrand the couple, now presents a more challenging reality—fame without the financial backing to support their lifestyle. Despite efforts to hire experienced PR professionals, insiders warn that further layoffs are anticipated.
As Harry and Meghan grapple with diminishing resources and a turbulent team, the question lingers: Is their post-royal fairy tale drawing to a close? Their upcoming moves will be crucial in shaping their narrative in an increasingly competitive celebrity landscape.
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