Are Prince Harry and Meghan Markle Ditching Their Royal Glamour? Uncover the Financial Challenges Behind Their Lifestyle Shift

Prince Harry and Meghan Markle’s California lifestyle is facing some tough challenges. Recently, Radar Online reported that they are struggling financially. Their previous high-profile deals, like a $135 million contract with Netflix and a $20 million partnership with Spotify, aren’t bringing in the expected income anymore. The Spotify deal is done, and there are no signs of Netflix renewing their contract.

Royal commentator Norman Baker made it clear: “Meghan and Harry’s income is going to decline in the future. It’s declining now.” With no new significant projects on the horizon, he emphasized that they have little left to sell but their own image.

High Costs of Living

Their luxurious home in Montecito comes with hefty expenses. They have a $9.5 million mortgage, which could mean monthly payments around $100,000. Private security, necessary given their royal past, can cost as much as $4 million per year, according to former royal protection officer Simon Morgan. He noted that security is essential, not just a luxury.

While they once relied on a $3.1 million annual allowance from Prince Charles’s Duchy of Cornwall, they now depend heavily on Harry’s inheritance from Princess Diana, estimated at $8.8 million when she passed away. This amount has grown and provides some financial cushion.

Team Downsizing

As their income dips, their staff is shrinking too. Reporter Rob Shuter revealed that the Sussexes’ Archewell Foundation has lost four key employees in a short time. Some left voluntarily, while others were let go as part of restructuring efforts. A source claimed, “This isn’t strategy — it’s survival. They’re running out of money, and now they’re running out of people.” Even though Archewell’s communication chief described the situation as a shift towards "agency-based support," insiders believe it’s just a way to soften the blow.

Shifting Image

Harry and Meghan’s journey since stepping back from royal duties has been a blend of rebranding and celebrity. But as they transition from royals to producers, they face new challenges. Despite hiring experienced PR professionals, the pressure is mounting. A source mentioned that more layoffs may be looming, and they need a significant project soon.

Cultural Context

Historically, royal figures have had challenges adapting to life outside the palace. The transition from structured royal duties to navigating the world of celebrity is complex and fraught with obstacles. Public interest in their lives remains high, but it’s coupled with scrutiny regarding their choices and financial stability.

Today, about 75% of people on social media express skepticism about the Sussexes’ ability to maintain their lifestyle, according to a recent survey. They seem to have attracted both support and critique as they navigate this new chapter.

As they continue to adapt, the question lingers: Is their post-royal era heading towards an end? With their finances tightening and their team dwindling, their next steps will be crucial in defining their future.

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