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No Money, No Honey: Meg and Harry’s Financial Woes
Rumors have been swirling about the financial troubles of Prince Harry and Meghan Markle, with recent reports suggesting that the couple is struggling to make ends meet.
It seems that their extravagant lifestyle may be catching up with them, as they find themselves unable to pay for their current living expenses.
After the much-publicized Frogxit, which saw the couple step down from their royal duties, Meghan was said to be staying at the luxurious Beverly Hills Hotel chain, while Harry found refuge in the Better Up Headquarter.
However, it appears that their living arrangements may not be as glamorous as they would like us to believe.
According to the financial statements of 11 ghost companies associated with the Sussexes, it seems that the couple has completely lost their ability to finance their lavish lifestyle.
In a previous video, we reported on how Oprah Winfrey allegedly pressured Meghan into selling her Montecito mansion at a loss.
This, coupled with their exorbitant expenses, has left them in a precarious financial situation.
Their expenses include hefty security costs ranging from $3-6 million, PR fees of $2-4 million, mortgage and utilities amounting to $1 million, and staff salaries at Artool and House totaling $3 million.
Additionally, they have to cover travel expenses, vehicle costs, living expenses, and even Ms. Todger's wardrobe.
Their mortgage on the Olive Garden alone stands at over $200,000 per month.
It seems that the couple is determined to maintain their extravagant lifestyle, despite their dwindling budget.
They started off with a few million dollars, not hundreds of millions as some might assume.
For most people, this would be more than enough to live comfortably for a lifetime.
However, Meghan and Harry seem to be on a rapid trajectory towards bankruptcy.
Contrary to popular belief, the couple did not receive a $100 million contract from Netflix or a $30 million deal from Spotify.
These figures were potential earnings if they delivered on certain projects, which they have failed to do so far.
Their involvement in a heavily fictionalized love story, a personal rant, and a documentary that they merely lent their names to does not warrant such hefty sums.
It's important to note that a significant portion of any money received from Netflix and Spotify would have gone towards production and staffing costs.
With a team of 28 writers for their podcast alone, it's clear that their expenses add up quickly.
While they may have earned a few million dollars from each contract, it is nowhere near the extravagant figures that have been speculated.
When considering their high-cost lifestyle, including mortgage payments, property taxes, insurance, income tax, security fees, and various staff salaries, it becomes evident that their expenses exceed $2 million per year.
This doesn't even account for managers, agents, nannies, maids, garden and property staff, drivers, hair and makeup stylists, private jet fees, school fees, and daily living expenses.
The couple wants to be seen as VIP royals, and maintaining that image comes at a steep price.
It's difficult to see how they could sustain their lifestyle without spending at least $10 million annually.
Unfortunately for them, their funds are running out fast, and there are no new offers coming in for work.
Their reputation has been tarnished, and they have burned bridges in the industry.
Reportedly, in 2021 alone, they spent approximately $6 million on living expenses.
The R12 Foundation, a nonprofit organization associated with the couple, could potentially cover up to 95% of their business expenses.
This includes travel, fundraising, housing, attire, operational costs, salaries, and other miscellaneous expenses.
The foundation's charitable endeavors must adhere to Delaware law, which stipulates that a minimum of 5% of donations must go directly to the benefiting charity.