London: Buckingham Palace is reportedly growing uneasy over the extravagant spending habits of Prince Harry and Meghan Markle, with experts estimating their annual expenses at a staggering $20 million. Royal commentator Matt Wilkinson highlights their “huge outgoings, security, mortgage, everything,” emphasizing the couple’s reluctance to downsize despite mounting costs.
Residing in their opulent Montecito mansion in California since 2020, the Duke and Duchess of Sussex face substantial expenditures, including a significant private security bill. Wilkinson underscores their financial obligations, revealing a $9 million mortgage and income streams from deals with Spotify and Netflix.
The Palace is grappling with concerns about the couple’s voracious spending habits, contemplating the future when funds may run low. Royal commentator Katie Nicholl echoes these worries, stating that sustaining a lifestyle in Montecito can easily reach $20 million annually.
Meghan and Harry secured a lucrative $100 million deal with Netflix in 2020, supplementing their initial partnership with Spotify. However, recent reports suggest discontent within Netflix about the 5-year deal, raising doubts about its renewal in 2025. Despite speculation, Netflix’s chief content officer, Bela Bajaria, refutes claims of dissatisfaction, asserting that the couple is actively working on various projects, including unscripted content, a movie, and a TV show.
Despite these endeavors, the couple’s company, Archewell, faces challenges, with reports indicating minimal involvement, as The Mirror reveals that Harry and Meghan allegedly worked just one hour a week at Archewell, exacerbating existing issues with employee departures.
