Harry and Meghan’s Financial Woes: The Netflix Bailout and Royal Fallout

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, have found themselves in a financial predicament, resorting to begging for a financial bailout after accumulating a massive debt to streaming giant Netflix.

The couple's association with Netflix came to light in 2020 when it was revealed that they had signed a lucrative deal, reportedly worth up to $140 million.

However, the Sussexes have maintained that this commercial merger was a result of their family cutting off their financial support post-Megxit.

During their headline-making interview with Oprah Winfrey, Harry expressed that the deals with Netflix and Spotify were not originally part of their plan.

He emphasized that it was someone else's suggestion, prompted by his family's decision to sever his financial ties.

“We didn't have a plan.

That was suggested by somebody else by the point of where my family literally cut me off financially, and I had to afford security for us,” Harry revealed.

The focus on the Sussexes' connection to Netflix resurfaced recently when entertainment website Page Six reported that the couple had been secretly filming a docuseries, resembling a reality show, in their own home.

Hollywood insiders are buzzing about the potential show, raising questions about the extent of their financial struggles and whether selling themselves to the highest bidder was their only option.

To understand their financial situation, it is important to consider the inheritance left to Harry by both the Queen Mother and Princess Diana.

Although the exact figure remains undisclosed, it has been reported by The Times that his total inheritance, if invested wisely, would be around $40.7 million as of early 2021.

Meghan, on the other hand, had a net worth of approximately $5.3 million before marrying into the royal family, making her the first self-made millionaire to join the House of Windsor.

When the Sussexes relocated to Los Angeles in March 2020, they had a combined estimated wealth of $46 million.

While this may seem substantial, their ongoing expenses, particularly their security costs, posed a significant financial burden.

Harry is currently involved in legal action in the UK due to the decision to remove the family's official protection.

Private funding for their security detail has been estimated to range from $1.4 million to $4.7 million.

Although not insignificant, one would assume that for a couple with a net worth of $46 million and numerous potential income streams, such costs should have been manageable.

Therefore, it leads us to the conclusion that the Sussexes either cannot or refuse to live within their means.

Prince Charles, Harry's father, reportedly stopped taking his calls after being repeatedly asked for money.

Royal commentator Emily Andrews revealed during Channel 5's Royal Family documentary that Charles, who dislikes confrontation, chose to avoid further discussions about finances with his son.

“We are told the reason that Charles stopped taking his calls is because Harry kept asking for more money,” Andrews explained.

She added that Charles does not own a mobile phone, so Harry would have to go through the switchboard to reach him.

Angela Levin, another royal commentator, supported this revelation, stating that there comes a point when one has to say “enough is enough.”

Prince Harry himself confirmed during his interview with Oprah that his family had cut him off financially, leaving him responsible for their security expenses.

The financial strain, coupled with their mounting debts, appears to have pushed the couple into seeking alternative sources of income, ultimately leading them to strike a deal with Netflix.

As the Duke and Duchess of Sussex continue to navigate their new lives outside the royal family, their financial situation remains a topic of intrigue and speculation.

With their ties to Netflix and the possibility of a reality-style docuseries, it is evident that their financial choices have become a subject of scrutiny.

Whether their decision to align themselves with the streaming giant was a desperate move or a strategic one, it is clear that their financial struggles have played a significant role in shaping their post-royal lives.