Meghan Markle has finally launched her highly anticipated new lifestyle brand, which is believed to be a revival of her previous platform, 'The Tig.' This platform was discontinued in 2017 before her marriage to Prince Harry. Essentially, the couple needs to adjust their way of living and find a more sustainable approach that aligns with the means of ordinary people. Instead of promoting outrageously expensive items to those who cannot afford them, they should consider creating more affordable apparel for individuals with lower incomes.
Recent remarks made by Meghan Markle during a visit to the USA caused quite a commotion. American Riviera Orchards, a brand she mentioned, appears to be struggling and lacking essential components such as a CEO, marketing, production, and sales contracts. There is no tangible merchandise collection, and the lifestyle it allegedly promotes has failed to generate genuine interest. So far, it has only showcased beige vulcanized prototypes and a peculiar, provocative film. This raises doubts about the success of yet another business endeavor by Meghan Markle.
Due to their financial situation, Harry and Meghan might consider returning to the royal family, as it would provide them with easier access to security, accommodation, and VIP treatment. The Queen Mother established a trust for all her grandchildren, which grants beneficiaries substantial payments when they reach the age of 40. Older grandchildren, such as Peter Phillips, have already received sizable sums, as money tends to grow over time. The youngest beneficiary is Prince Edward's 16-year-old son, who is expected to receive the largest payment. Interestingly, the Queen Mother left Harry with more cash than William, possibly because she knew that William would inherit significant estates and titles upon the Queen's passing, providing him with access to substantial income from the Duchy of Cornwall.
Despite not having to bear the costs of extensive travel due to their use of private jets owned by others, there have been rumors that Meghan Markle desired a ride on Air Force One, which the royal family did not arrange. Additionally, their seemingly endless collection of designer clothing, much of which doesn't fit Meghan properly, is accompanied by astronomical price tags. It remains unclear whether they actually purchase these items or if they are gifted to them temporarily for promotional purposes. Designers may be reluctant to associate with Meghan Markle, fearing that she may wear their creations only for a single day.
While concrete financial figures are unknown, it is apparent that their lifestyle is incredibly expensive. Unless they return to work or find a way to generate substantial income soon, their economic outlook appears bleak. It is unlikely that Spotify paid them the full amount agreed upon in their contract before canceling it, and it's possible that Netflix, too, will withhold payment until they produce a significant amount of content. When accounting for taxes in California and nationally, which can range from 50% to 60%, their projected income is significantly reduced. Furthermore, property taxes pose a significant drain on their resources. Estimating from their rumored $100 million fortune, they may currently have around $40 million remaining.
While the financial aspect is certainly a concern, their behavior has also come under scrutiny. Harry has faced criticism from royal experts for his treatment of his family, particularly during his grandparents' final period. His actions and accusations have often been viewed as questionable and envious, causing rifts that were quickly dismissed. It's possible that there are additional undisclosed financial responsibilities on Harry's part, which makes it interesting to explore the financial history of both Harry and Meghan in greater detail.
Ideally, they should learn to live within their means, prioritizing essential expenses over lavish purchases. Rather than relying on their remaining $50 million, they may need to seek assistance from the palace. However, it's important to note that Harry is different from other members of the royal family in certain ways. For instance, he sells property belonging to Prince Charles and donates the proceeds to charities like the Prince's Trust, disassociating himself from personal financial gain. On the other hand, Harry and Meghan have faced accusations of using charitable contributions as a cover to pocket a significant portion of the funds. In contrast, Charles donates all profits from ventures like the Balmoral Jam sale to charity, as he is a working royal and cannot personally profit from his title.
Perhaps it would be best if Harry and Meghan followed the example of most people and lived within their means. They couldfocus on generating sustainable income through their various business ventures, ensuring that they align with their values and have a positive impact. Additionally, they might consider exploring opportunities to leverage their platform for public speaking engagements, book deals, and endorsements that resonate with a wider audience.
It's important to remember that financial situations can change, and it's possible for Harry and Meghan to regain stability in the future. However, it will require careful financial planning, strategic decision-making, and a willingness to adjust their lifestyle to match their current circumstances.
