Duke Harry confronts financial constraints due to escalating legal costs, as he finds himself in fresh loss-ridden predicament
Prince Harry is reportedly grappling with financial difficulties, according to recent reports. The Duke of Sussex's team recently called in lawyers over derogatory comments about his wife, Meghan Markle, made in a publication [1]. This legal action follows a series of claims made by royal insiders.
According to sources close to Prince Harry, the financial pressure has been mounting due to substantial expenses, including multi-million dollar security bills, a $14.65 million estate mortgage, production company costs, and high taxes [1][4]. The duke's financial woes are further compounded by the downgrade of their original multi-project deal with Netflix to a "first look" deal, resulting in significantly less guaranteed income [2][4].
The financial strain has reportedly taken a toll on Harry's relationship with his family, as he is said to be trying to reconcile with King Charles in the hope of restoring financial support from the royal payroll [1]. This reconciliation could potentially ease some of their financial burdens if successful.
The claims of a physical altercation between Prince Harry and his uncle, Prince Andrew, have been denied by Harry's representative [3]. However, reports suggest that Andrew made derogatory comments about Meghan Markle [5].
Prince Harry has expressed a desire to defend himself in the ongoing reports and is hoping that legal action will help stop the gossip [6]. The source also implied that Harry is financially struggling and cannot afford more legal fees [7].
These challenges come at a time when the Sussexes are facing a drop in viewership for their Netflix show, with Netflix deciding not to renew their earlier $100 million contract [4]. This decision has added further strain on their finances and reportedly on their marriage.
Sources:
- The Telegraph
- The Sun
- People
- CNN
- Vanity Fair
- Woman's Day
- Newsweek
Despite the ongoing legal action over derogatory comments about Meghan Markle, the financial situation for Prince Harry and his family continues to be a concern. In light of substantial expenses, downgraded deals, and high taxes, recent reports suggest that Prince Harry is grappling with significant financial difficulties.
