Press Article: Prince Harry and Meghan Markle Face Financial Challenges in California Dream
Prince Harry and Meghan Markle’s idyllic life in California may be losing its sparkle, as recent reports indicate the couple is grappling with significant financial issues. Once buoyed by lucrative deals—such as a five-year, $135 million Netflix contract and a $20 million Spotify partnership—these agreements are reportedly losing steam. The Spotify deal has concluded, and concerns are mounting that the Netflix contract may not be renewed.
Royal commentator Norman Baker has expressed skepticism about the couple’s financial future, suggesting their income is on a downward trajectory without new projects on the horizon. Baker’s assessment points to a concerning fate for the Sussexes, stating: "There’s nothing else to come apart from themselves."
Compounding their struggles, their expansive Montecito estate, with a $9.5 million mortgage, demands hefty monthly payments potentially reaching $100,000. Additionally, the cost of necessary private security is estimated at up to $4 million annually. This financial burden, previously cushioned by royal support, now falls solely on their shoulders.
Their Archewell Foundation is also feeling the pinch, losing several key staff members in recent weeks. Insiders suggest this is less of a strategic shift and more of a desperate measure as the couple’s funds dwindle. Despite the hiring of new PR professionals, expectations for more layoffs loom large.
With their glamorous life now showing signs of strain, the question remains: Can Harry and Meghan reclaim their narrative and avoid fading into the background of celebrity culture? Their next steps could be pivotal in determining their future in the public eye.
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