Meghan Markle’s Former LA Mansion Hits the Market as Financial Woes Mount

Meghan Markle, the Hollywood actress turned Duchess of Sussex, is facing financial difficulties as her former Los Angeles home goes up for sale at a reduced price of $1.8 million.

Reports suggest that Meghan and her husband Prince Harry are struggling to manage their finances since their move to the United States.

Insiders have revealed that the couple's expenses have been anything but frugal.

In addition to the hefty $3 million security detail they must shoulder, Meghan and Harry are known for their lavish spending, particularly when it comes to travel.

It is alleged that their extravagant lifestyle has led them into a financial hole, with Prince Harry reportedly having a credit card debt of $480,000 and depleting a significant portion of his inheritance from Princess Diana.

Meanwhile, Meghan's wardrobe and jewelry alone are rumored to have cost over $10 million.

These revelations come amidst recent reports that the couple is considering selling their Montecito mansion and downsizing to a more affordable property.

The decision to sell Meghan's former home is believed to be driven by her urgent need for funds, which has been exacerbated by a high-profile employee bullying case in recent months.

It is rumored that she has spent large sums of money to appease victims and silence major newspapers.

Meghan's former home, a 2,262-square-foot colonial-style house located in L.A.'s Hancock Park neighborhood, was rented by the actress and her ex-husband Trevor Engelson from 2011 until their divorce in 2013.

The property, now listed for sale by the Beanstalk Group, features four bedrooms, three bathrooms, and an impressive exterior with iron security bars and a grand pillared entryway.

Inside, the open floor plan boasts sleek hardwood flooring, a spacious living room perfect for entertaining, and a dining area that leads to French doors opening onto a large outdoor patio.

The kitchen, with its elegant white marble tiling and modern stainless steel appliances, is a culinary enthusiast's dream.

While it may be hard to fathom why Meghan would part ways with such a stunning residence, it appears that financial constraints have forced her hand.

The couple's ambitious plans to conquer the US and monetize their brand have hit roadblocks, with several projects being canceled or postponed due to the pandemic.

This has created a significant gap between their income and their extravagant spending.

The upkeep of their Montecito mansion alone is said to be astronomical, with monthly bills reaching up to $30,000.

As a result, they are now considering downsizing to a more affordable property.

A source close to the couple revealed that their luxurious lifestyle and expensive security detail are just two of the many factors contributing to their financial troubles.

In conclusion, Meghan Markle and Prince Harry find themselves in a precarious financial situation as they navigate their new life outside the United Kingdom.

Their former LA mansion hitting the market is just one indication of the challenges they face.

With mounting debts and a need to downsize, the couple must make difficult decisions to ensure their financial stability in the future.