Meghan Markle and Prince Harry News and Updates

[Anonymous]

Millionaires trying to live a Billionaire lifestyle. It never ends well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta hand it to MM. She leaves Hollywood as a third rate actress on a barely watched show, married PH, and now slides back to Santa Barbara to a house that sounds lovely but way too expensive for a pair who really have no viable means of income save for what the BRF and Prince Charles will hand out to them. Sure, Harry has an inheritance from Diana but it wasn’t massive.

Guessing these two will downside in the next few years - and divorce shortly after. This isn’t for the long haul, that’s for sure.

Harry received a larger inheritance from the Queen Mother than he got from Diana. And hasn’t he been living rent free his whole life? Not to say they have the funds to live a billionaire lifestyle but they could theoretically have paid for this house with harry’s cash on hands (which also makes sense as to how they got a mortgage on it).

I'm embarrassed that I know this, but the estimates I've seen are in the $20ish million range. That's a nice sum of money, but not enough to buy and maintain a $12 million house over the long haul. If they had paid in cash, they'd have around $10 million to live on, which would throw off around $400k in interest, at best. Maintaining the gardens alone at that place will be a drain. Plus, they're allegedly paying for their own security and paying the British people back a couple of million for the renovation of Frogmore House. That's before you start paying publicists, personal assistants, etc., much less flying private and buying a designer wardrobe. They're very young -- their money has to last them a loooong time. I'm sure they'll inherit something from Charles when he goes, but my understanding is that the bulk of his wealth goes by law to William (English inheritance laws have always favored primogeniture and keeping big estates together).

So, assuming they got a mortgage, they've still got their capital, but now they have a fairly huge mortgage. They're either getting a massive subsidy from Charles, or they're going to need to get paying jobs very quickly.

Forbes had an interesting article about how these huge homes are financed. They don’t get regular mortgages like us chumps. They get a much better deal.

https://www.forbes.com/sites/megangorman/2020/08/14/what-prince-harry-and-meghan-markles-home-purchase-shows-us-about-financial-planning-for-the-wealthy/

Doesn't matter. They still owe approx. half their net worth, just for the mortgage.

The financing this article discusses isn't that special. It is, in fact, what a lot of middle class people had that led to the real estate melt down in 2008. It's not a bad way to leverage your cash if you do have it, but it doesn't mean that they aren't just a much higher bracket version of those middle class people who were living beyond their means in 2005. My guess is that they have set up a trust that is at least partially guaranteed/funded by Charles.

It will be interesting how long Charles wants to support their spending if they keep writing books dissing the royal family.

[Anonymous]

For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

[Anonymous]

Anonymous wrote:Do you think H & M will get invites from the queen to spend some time in the summer at Balmoral each summer?

Will they still get the Christmas at Sandringham invites?

Will they even attend if invited?

Yes to 1&2. Who knows about 3?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta hand it to MM. She leaves Hollywood as a third rate actress on a barely watched show, married PH, and now slides back to Santa Barbara to a house that sounds lovely but way too expensive for a pair who really have no viable means of income save for what the BRF and Prince Charles will hand out to them. Sure, Harry has an inheritance from Diana but it wasn’t massive.

Guessing these two will downside in the next few years - and divorce shortly after. This isn’t for the long haul, that’s for sure.

Harry received a larger inheritance from the Queen Mother than he got from Diana. And hasn’t he been living rent free his whole life? Not to say they have the funds to live a billionaire lifestyle but they could theoretically have paid for this house with harry’s cash on hands (which also makes sense as to how they got a mortgage on it).

I'm embarrassed that I know this, but the estimates I've seen are in the $20ish million range. That's a nice sum of money, but not enough to buy and maintain a $12 million house over the long haul. If they had paid in cash, they'd have around $10 million to live on, which would throw off around $400k in interest, at best. Maintaining the gardens alone at that place will be a drain. Plus, they're allegedly paying for their own security and paying the British people back a couple of million for the renovation of Frogmore House. That's before you start paying publicists, personal assistants, etc., much less flying private and buying a designer wardrobe. They're very young -- their money has to last them a loooong time. I'm sure they'll inherit something from Charles when he goes, but my understanding is that the bulk of his wealth goes by law to William (English inheritance laws have always favored primogeniture and keeping big estates together).

So, assuming they got a mortgage, they've still got their capital, but now they have a fairly huge mortgage. They're either getting a massive subsidy from Charles, or they're going to need to get paying jobs very quickly.

Forbes had an interesting article about how these huge homes are financed. They don’t get regular mortgages like us chumps. They get a much better deal.

https://www.forbes.com/sites/megangorman/2020/08/14/what-prince-harry-and-meghan-markles-home-purchase-shows-us-about-financial-planning-for-the-wealthy/

Doesn't matter. They still owe approx. half their net worth, just for the mortgage.

You don’t know what kind of deals they may have made.

[Anonymous]

Anonymous wrote:
It will be interesting how long Charles wants to support their spending if they keep writing books dissing the royal family.

But didn't the book talk about how lovely Charles and the Queen were?

[Anonymous]

Anonymous wrote:

Anonymous wrote:
It will be interesting how long Charles wants to support their spending if they keep writing books dissing the royal family.

But didn't the book talk about how lovely Charles and the Queen were?

This.

Charles does not give a crap about a book that makes him look good and his brother and William look bad. William is his son but he’s also a rival. A lot of people used to openly say they hoped Charles would never see the throne in favor of William (less now due to the growing acceptance of Camilla and Will and Kate’s paltry event numbers compared to Charles). Plus Charles is not father of the year and has thrown his sons under the bus before to burnish his image.

[Anonymous]

Anonymous wrote:For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

Please stop posting about this as you have no idea how inheritances work in this context. An inheritance is not community property.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

Please stop posting about this as you have no idea how inheritances work in this context. An inheritance is not community property.

It is in the UK.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

Please stop posting about this as you have no idea how inheritances work in this context. An inheritance is not community property.

It is in the UK.

1) no it isn’t. https://www.divorce.co.uk/your-finances/inheritance
2) it is unclear to me that if they filed for divorce it would even be in the UK since they are not residents there.

All that to say you continue to not know what you are talking about.

[Anonymous]

I want to like her so bad. Actually, I do admire her intelligence and how articulate she is. But they never should have gotten married...or, she should have known what she was marrying into, and accepted it. They’ve handled everything so disastrously and her latest actions have been disappointing bc it’s proven how self-centered she is...first was the Harry and Bob Igor thing (I’m sure she asked him to), the way they both handled their departure and seeing this latest “interview” she did with the 19th or whatever is called...What kind of interview was that?!? It was all about her!

[Anonymous]

Oh, and I’ll add, her recent statements/digs such as “it’s good to be home” and “I know what it’s like to have a voice and be voiceless”...come on. Getting tacky.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

Please stop posting about this as you have no idea how inheritances work in this context. An inheritance is not community property.

It is in the UK.

Then how did Sarah Ferguson end up in her own words “without a pot to p*ss in?”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

Please stop posting about this as you have no idea how inheritances work in this context. An inheritance is not community property.

It is in the UK.

Then how did Sarah Ferguson end up in her own words “without a pot to p*ss in?”

Because PP doesn’t know what they’re talking about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For folks predicting they'll divorce, there's no chance she divorces him until his dad dies. Too much $$$.

However, I feel like he could leave her, but of course that would mean he'd have to wise up – a trait he hasn't really ever displayed.

Please stop posting about this as you have no idea how inheritances work in this context. An inheritance is not community property.

It is in the UK.

Then how did Sarah Ferguson end up in her own words “without a pot to p*ss in?”

Because PP doesn’t know what they’re talking about.

Because Prince Andrew didn't have any inheritance to speak of.

He lived in a home that was owned by the Crown Estate as the majority of the Queen's children and grandchildren do.

Kate and Wills don't own Anmer Hall. The Crown does. The monarch can designate it as a lease-free rental for however long she or he chooses.

Similarly Andrew's income came or comes from an allowance from the Queen.

Where Sarah Ferguson messed up was that she had no leverage in her divorce. She was the one that cheated on Andrew, not the other way around. She also wasn't popular with the public like Diana was.

Diana there held out for the goods - that being £18 million dollars in cash (which went into trusts for William and Harry a year later on her death), £400,000 a year in spousal allowance, and a lease-free rental in Kensington Palace for the rest of her life.

She only got the lump sum after Charles borrowed £10 million from the Queen to pay her divorce settlement. What did Sarah Ferguson get? £1 million and strong encouragement to leave the U.K.