A royal expert has hinted that Prince Harry and his wife, Meghan Markle, will face financial difficulties in the near future.
In a recent interview, Tom Bower made the claim that the duo has “run out of fuel” to profit from. He also mentioned that they set themselves up to be living like royals, but their income is pretty limited.
The Sussexes Are Reportedly Heading Towards Money Issues
Royal expert Tom Bower has claimed that the Sussexes have “run out of fuel” to profit from amid reports that they are at risk of being broke following the loss of their mega deal with Spotify.
Speaking with Talk TV, Bower said that the duo have only earned money by “exposing their own unhappiness with the Royal Family” since they left in 2020, despite claiming that they wanted to live a private life.
He claimed that the only viable avenue left for the duo to earn a huge payday once more would be through the release of Meghan’s autobiography, although the former “Suits” actress has not confirmed whether she is working on one.
Bower also emphasized that if Meghan were to publish a biography, it would likely be “sensational” given her “very vivid imagination.”
He told the show host, per Express: “The idea they have anything else to contribute beyond their trashing of the Royal Family is laughable. They’ve been found out. They are now ridiculed in Hollywood. They are ignored in New York.”
Harry And Meghan’s ‘Income Is Pretty Limited,’ Says Royal Expert
Elsewhere, Bower claimed that the Sussexes could reportedly face financial problems in the future because they stuck to a life of living as royals despite no longer having access to royal privileges and funds.
“They set themselves up to be living like royals, but their income is pretty limited,” the royal commentator said.
He also anticipated a potential rift between Harry and Meghan in the event that they face financial difficulties, suggesting that such a situation might prompt them to disclose more sensational revelations about the royal family to the public.
Bower continued: “If pushed into a corner (financially), they may be desperate and say some more terrible things.”
Harry & Meghan Have Numerous Financial Obligations
Bower’s statement about the Sussexes comes after earlier reports that the duo has a number of money-sucking obligations.
This includes paying a sizable mortgage for the massive Tuscan-style mansion in California, which they purchased in June 2020 for $14.7 million after moving to America. They are also obligated to pay an annual property tax of nearly $200,000 on the property, along with staffing and maintenance costs.
Not left out is the couple’s costly security detail, which they now have to fund independently, given the reduction in their access to various royal privileges. The cost of the couple’s private security detail is estimated to be around $2 million a year.
Lastly, Harry’s multi-faceted legal battles with the British press have incurred substantial costs in attorney fees for him and his wife. Some of these legal cases are still ongoing in court, implying more expenses for the duo.
Harry & Meghan Are Prioritizing Quality Over Quantity In Their Work Choices
It remains to be seen what moves the Sussexes will pull off this year to safeguard their financial status. However, it is already known that they are anticipating 2024 to be their year of “redemption” as they seek to overcome the numerous challenges they encountered in the preceding year.
It has also been speculated that the couple is contemplating a move from their serene Montecito residence in Santa Barbara County to Los Angeles as a fresh start for the upcoming year.
Per reports, their decision to relocate is influenced by the belief that being nearer to Hollywood would help take advantage of their popularity. Additionally, they are prioritizing quality over quantity in their work choices, with Meghan reportedly declining numerous offers and Harry being described as “extremely high demand.”
A source said, per the Daily Mail: “They’ve actually been shocked by how popular she [Meghan] is. Her team has never seen anything like it. There’s this perception that Harry and Meghan have been snubbed in the entertainment industry. But the way they see it, they’re choosing quality over quantity instead of grabbing every opportunity that comes their way.’