Harry & Meghan Just Seemingly Confirmed Reports They’re ‘Running Out of Money’ After the Duchess Revealed Her ‘Fear’ of Going Broke
Is the cash running out for the Sussexes? New reports from royal sources say that Prince Harry and Meghan Markle are cutting back on staff because of their dire finances.
Sources have told Page Six that the Duke and Duchess of Sussex have let go of several of their staff members. “It’s the same old story – they cycle through staff as quickly as normal people cycle through toilet paper. Milk lasts longer than their employees,” said one royal source. The couple’s $100 million Netflix deal is also supposed to be up this year. “
Related: Meghan Markle Just Changed Her Name Again After Calling Herself ‘Meghan Sussex’
“This isn’t strategy — it’s survival,” one source told celebrity gossiper Rob Shuter. “They’re running out of money, and now they’re running out of people.” Another royal source said that layoffs were inevitable for the former royal family members. “They don’t have the money to keep the team they built,” the source said. “They tried to recreate the royal court — but California doesn’t do crowns on credit.”
Page Six also reports that the team lost Kyle Boulia, their Los Angeles-based deputy press secretary, and Charlie Gipson, their European communications director. Other losses include Deesha Tank, Archewell’s director of communications and Lianne Cashin, formerly head of operations at Archewell. Two anonymous staff members were also let go.
What is Prince Harry’s net worth?
Prince Harry’s shared net worth with Meghan Markle is estimated to be around $60 million, according to Celebrity Net Worth. When he left the royal family, he and Meghan announced their plan to be “financially independent” and no longer take money from streams like the Sovereign Grant.
Much of his net worth before his big move to America came from his father, King Charles III, who at the time controlled the Duchy of Cornwall, a portfolio of property and financial investments that brought in £21.6 million (or $29.8 million) in 2019. From 2018 to 2018, Harry’s annual allowance from Duchy, which he shared with Meghan, was £5 million or $6.9 million. This paid for Harry and Meghan’s public duties as working members of the royal family, such as wardrobe and travel, as well as private costs.
The other 5 percent of Harry’s income came from the Sovereign Grant, which is tax-payer funded and paid from the government to the royal family to cover expenses for official duties, as well as the royal palace. According to the BBC, the grant is worth £82.4 million (or $114,004 million).
What is Meghan Markle’s net worth?
Meghan Markle’s net worth before she shared with her husband was estimated to be $5 million in 2017. Most of her net worth came from her acting career when she starred in Suits.
In her podcast, Confessions of a Female Founder, Markle got candid about her “fear” of not having enough money. “So many women, especially, we’re taught to not even talk about money,” the Duchess said. “And there’s lots of guilt mentality surrounding having a lot.”
“And at the same time, there’s a scarcity mindset that it’s easy to attach to, of like ‘I’ll never have enough,’” she continued.
She also mentioned her As Ever brand, adding that it was hard running her own business, “When you only have yourself to answer to I think it’s twofold. It can be incredibly liberating or it can be incredibly lonely.”
She continued, “There’s a misconception that you need to go to Harvard Business School and have a lot of money and get all the best people behind you [to be successful in business]… So you talk yourself out of it.”
