Prince Harry and Meghan Markle are reportedly facing financial troubles amid their exit from the royal family. Megxit became official on March 31, and the couple’s plan to be financially independent has been hit with numerous challenges. From repaying renovations to buying a new home in LA, here are all of the ways the Duke and Duchess of Sussex might be facing a “financial nightmare” after Megxit.
Are Prince Harry and Meghan Markle strapped for cash?
As part of their plan to leave the monarchy, Harry and Meghan, Duchess of Sussex, have agreed to stop using their royal titles and will be splitting their time between the UK and North America.
The couple recently flew to LA to reportedly buy a home in the area. But some inside sources claim that their financial situation is starting to worry Meghan.
For starters, the pair are going to pay back the money that the crown used to renovate their house in the UK, Frogmore Cottage. The renovations will cost the couple millions of dollars, money they could have used on their new house in LA.
They will also be forced to pay for security during their time inthe US. President Donald Trump has made it very clear that the Sussexes willfoot the bill for security, which could cost them thousands of dollars everymonth.
While Meghan Markle inked a deal with Disney to narrate the studio’s new documentary, Elephants, she donated her entire salary to a charity. Considering how the entire US is facing an economic crisis amid the coronavirus pandemic, Harry and Meghan’s options to make money are dwindling.
Are the Sussexes facing a ‘financial nightmare’?
An inside source claims that Meghan is very worried about the economic situation around the world and believes she and Harry must take action to secure their dreams. According to Express, the source says that Meghan Markle has urged Prince Harry to find a career to help resolve their financial issues.
“Meghan is terrified that her dreams of being a Hollywoodqueen will be destroyed by this financial nightmare and she is insisting thatHarry make a move and resolve the crisis,” the insider dished.
The only problem with that plan is that Harry does not have a lot of work experience to land a serious job. Apart from his ties to the royal family and military background, Harry does not have many skills that translate to the real world. But he is a wanted man, who already made an incredible amount of money with one speaking engagement. Harry also inherited $10 million from his mother Princess Diana.
The one thing Harry has going for himself is his experience inthe world of charities. Harry has worked with numerous charities over the yearsand has been all around the world fighting for causes that are close to hisheart.
We already know that Harry and Meghan will be launching a newinitiative to replace Sussex Royal, and Harry will be instrumental in thatregard. So, despite the claims, Prince Harry and Meghan Markle should be justfine after leaving their royal life behind.
Meghan and Harry look to buy a new home
More proof that they are not facing a financial crisis is where they are planning to call home. Sources claim that Harry and Meghan are looking to buy an expensive home in LA area. One insider goes even further and claims that the Sussexes are eying a $15 million estate in Malibu that boasts 10 bedrooms.
Prince Harry and Meghan Markle have not confirmed the reportssurrounding their new house in Los Angeles. The couple flew to the area rightbefore the US closed the border to Canada.
The house in question used to belong to David Charvet of Baywatch,who rebuilt it a few years ago. If Harry and Meghan are serious aboutpurchasing a home on that level, they obviously are not worried about their financialfuture.
Inside Prince Harry and Meghan Markle’s future
The coronavirus pandemic is a major wildcard in Prince Harry andMeghan Markle’s future plans. At the moment, the two have been forced to puteverything on hold as they deal with the ongoing crisis.
Many members of the royal family have already adjusted their schedules in light of the lockdown. Prince Charles has also tested positive for the virus, while Harry’s grandmother, Queen Elizabeth II is in self-isolation at Windsor Castle.
There is no telling when the pandemic will end and how much itwill affect the global economy. We can only hope that Harry and Meghan willfigure things out on their end, but as previously mentioned, they are one ofthe most sought after couples in the world.
“As we can all feel, the world at this moment seemsextraordinarily fragile,” Harry and Meghan recently shared on Instagram.“What’s most important right now is the health and well-being of everyoneacross the globe and finding solutions for the many issues that have presentedthemselves as a result of this pandemic.”
Prince Harry and Meghan Markle have not commented on the status of their finances.
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