'20 Million a Year' Down the Drain: Meghan Markle and Prince Harry's Voracious Spending Habits Have the Palace Concerned

prince harry
Source: MEGA

The Duke and Duchess of Sussex have a 'spending problem.'

Feb. 2 2024, Published 3:28 p.m. ET

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Buckingham Palace is concerned with the voracious spending habits of Prince Harry and Meghan Markle. This has led royal expert Matt Wilkinson to dish: "They've got huge outgoings, security, mortgage, everything. When I've spoken to people out there, they've said they are obsessed with security, [and] they don't want to live in a smaller house; they absolutely love the house."

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prince harry
Source: MEGA

Buckingham Palace still keeps track of Prince Harry and Meghan Markle since both are still technically 'senior royals.'

The Duke and Duchess of Sussex moved into their lavish Montecito, Calif., mansion in 2020, and along with those expenses also came the ongoing drama surrounding their "huge" private security bill.

"I think they had a $ 9 million dollar mortgage when they took it out that they still had to pay, and [Harry’s] had his money from Spotify; he’s had his money from Netflix," Wilkinson added. "There is a worry behind the walls of Buckingham Palace of what happens when the money runs out … [and whether] he will at some stage have to find more money from other outlets."

Veteran royal commentator Katie Nicholl also chimed in recently about the Sussex spending obsession and shared: "I was speaking to someone in Montecito who said you can't live in Montecito the way they're living without it costing about $20 million a year."

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prince harry
Source: MEGA

The Duke and Duchess of Sussex reportedly are spending '$20 million dollars a year.'

Harry and Meghan signed a reported $100 million dollar deal with Netflix in 2020, as well as a lucrative partnership with Spotify as well, which was thrown into the content dumpster last summer.

Recent reports reflect that Netflix is not at all pleased with their five-year deal with the pair thus far, and will "definitely not" renew their contract when it expires next year. However, these speculations have been pushed back on by the company's chief content officer, Bela Bajaria, who stated the duo was working on "a couple of unscripted things," including a movie and a TV show that are all in "very early development."

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prince harry
Source: NETFLIX

Prince Harry and Meghan Markle are now in the fourth year of their five-year Netflix contract, and have only given the company one hit project.

But the royal rebels' company, Archewell, seems to be in meltdown which contradicts counter reports suggesting the duo are "on top of the world."

"Bennett Levine leaving appears to be an indication of chaos behind the scenes," PR analyst Ryan McCormick shared. "The Mirror reported in 2023 that Harry and Meghan worked just ONE hour a week at Archewell. One hour a week is 2.5 percent of a typical 40-hour week most people work. That shows a considerable lack of effort and commitment. You can't expect employees to be their best if you're not willing to set a good example. This could have been a reason why Levine left."

Additionally, McCormick feels that staff departures are just one aspect of Archewell's decline, with another being Harry and Meghan's apparent laziness. "Levine departing, while noteworthy, doesn't compare to the elephant in the room, which is that Harry and Meghan aren't producing enough content," he noted.

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prince harry
Source: MEGA

The Duke and Duchess of Sussex are reported to be working on 'multiple' projects for Netflix.

Source: TRO

Daily Mirror reported on Wilkinson's remarks.

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