In a surprising turn of events, Prince Harry and Meghan Markle have reportedly sold their Montecito home after a whirlwind of spending that followed King Charles‘ coronation.
Sources indicate that tensions flared during the royal event, leading Harry to seek financial support from his father, only to be met with a firm refusal.
This encounter seemingly soured Harry’s mood, prompting him to leave the ceremony abruptly and return to California.
The couple’s extravagant lifestyle has raised eyebrows, especially as reports reveal that Meghan racked up an astonishing $143,000 in new jewelry and clothing last year alone.
While they have lucrative deals with Netflix and partnerships with a billion-dollar investment fund, insiders suggest their expenditures far exceed their income.
The couple’s high-profile lifestyle appears to be taking a toll on their finances.
As rumors swirl about their financial situation, moving trucks have been spotted at their Montecito residence, fueling speculation that they’ve sold their property.
Crystal Martin, a user on Cora, confirmed these sightings, stating that the couple had indeed put their house on the market.
However, it seems this sale is being handled discreetly, only available to serious buyers with verified funds.
Despite their current residence, sources claim Harry and Meghan are eager to expand their real estate portfolio.
The couple is reportedly seeking a more vibrant social life, which they feel their Montecito home lacks due to its secluded nature.
Insiders indicate they are eyeing properties in Beverly Hills or Malibu, as well as potential new homes within Montecito itself.
In addition to local properties, the Sussexes are also considering an apartment in Manhattan and possibly a place in Washington D.C. Their desire to broaden their horizons and engage more socially appears to be driving this property hunt.
With the ongoing upkeep of their current mansion, they are questioning whether it makes sense to maintain such a large home if they won’t be living there full-time.
However, the couple may face further challenges ahead.
Reports suggest they could lose Frogmore Cottage in the UK as they navigate their financial difficulties.
Following their departure from royal duties, Harry and Meghan no longer receive funding from the Sovereign Grant, adding to their monetary woes.
Financial troubles seem to be compounded by the recent collapse of Silicon Valley Bank, which allegedly impacted their finances.
Royal biographer Angela Levin noted that King Charles has made it clear he is not a bank, having already provided substantial support to help them settle down after stepping back from royal life.
Harry’s frequent requests for additional funds have reportedly caused friction, particularly given the couple’s penchant for lavish spending.
Their home, estimated to be worth between £11 million and £14 million, comes with hefty maintenance costs that they may not be prepared to cover indefinitely.
Meanwhile, as King Charles III takes the throne, his son Prince William has inherited a significant fortune, including the Duchy of Cornwall, valued at approximately $1.2 billion.
This inheritance not only secures William’s financial future but also expands his property portfolio considerably.
The Duchy of Cornwall, established in 1337, continues to provide income for the heir to the throne through extensive land holdings and commercial properties.
As Harry and Meghan navigate their financial landscape, the contrast with William’s newfound wealth is stark and highlights the challenges they face in maintaining their lifestyle.
As the Sussexes embark on this new chapter, their journey reflects not just personal decisions but also the broader implications of stepping away from royal duties, leaving them to grapple with the realities of financial independence.
