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Prince Harry and Meghan Markle reportedly cried themselves to sleep over a staggering £100,000 tax bill for their Montecito mansion 😱👇
Prince Harry And Meghan Markle Reportedly CRIED Themselves To Sleep Over A Staggering £100,000 Tax Bill For Their Montecito Mansion
Prince Harry and Meghan Markle seem to be learning the hard way that the glamorous lifestyle they’ve chosen comes with a hefty price tag.
Recently, it was revealed that the Sussexes have been hit with an enormous tax bill for their sprawling Montecito mansion—a figure that would make anyone’s eyes water. The grand total? A staggering $100,000. The former royals are now grappling with a tax burden that seems almost as large as their estate. In a decision that has left many people puzzled, Harry and Meghan splurged on an $11 million mansion with seven bedrooms and a host of unforeseen complications.
Though the couple may have envisioned a life of luxury among Montecito’s elite, maintaining such a grand estate has proven to be far less glamorous than they anticipated. The property taxes alone are enough to cause alarm, and they’ve been steadily rising. In 2022, the Sussexes faced a $110,000 bill, following a $108,000 bill in 2021. Clearly, even former royals aren’t immune to the taxman’s reach.
Despite pulling in millions from lucrative deals with Netflix and Spotify, there are hints that the Sussexes’ financial situation might not be as rosy as it appears. After all, there’s only so much they can capitalize on their royal status and grievances. While their income may look impressive on paper, their extravagant lifestyle is rapidly eating away at their earnings. Maintaining a $14 million mansion comes with significant expenses beyond just the taxes.
There are numerous hidden costs associated with keeping up such a property. For instance, the massive garden and lawn likely require a fortune just to maintain, especially in an area prone to mudslides, which drives up insurance premiums. What was once an idyllic home may be turning into more of a financial burden than a blessing. Adding to their expenses are the costs of groceries, vehicles, wardrobe design for Meghan and the children, and more.