Prince Harry and Meghan Markle are set to make a significant transition, planning to return to the United Kingdom after six years in California. The Duke and Duchess of Sussex intend to move back with their two children, Prince Archie, 7, and Princess Lilibet, 5, for an “extended period” that is expected to begin before the end of August, as reported by Page Six. Their children are already enrolled in new schools in the UK.
Several factors appear to be influencing this decision, notably Harry’s relationship with his father, King Charles III, alongside the increasing financial demands of their lifestyle in the United States. “I am sure there are a lot of reasons [for the move], but I do think cash is a big one,” an insider explained. However, it’s important to note that sources emphasize Harry and Markle are not facing a financial crisis, with one insider stating, “They are not out of money.” Another source added, “They had more money than most even before Megxit!”
Prince Harry & Meghan Markle’s UK Move Could Bring a Financial Shift
The couple’s financial obligations in the U.S. are considerable, according to Page Six. Harry and Markle acquired their Montecito, California, estate in 2020 for $14.5 million, which boasts nine bedrooms and sixteen bathrooms, alongside amenities including a tennis court, rose garden, tea house, and children’s playhouse.
Sources indicate that their ongoing expenses encompass mortgages, household staff, a vacation property in Portugal, and security costs that reportedly tally around $3 million annually. “Anything that comes in instantly goes out,” one insider noted. Page Six further reported that the Sussexes require at least $6 million each year to sustain their lifestyle in the U.S. Over time, the couple has gradually reduced their staff size.
Despite these financial commitments, Harry and Markle have launched several successful ventures since stepping back from royal duties in 2020. They are reported to have earned over $100 million from projects with Netflix, Spotify, and publishing deals. Additionally, Markle has concentrated on her As Ever lifestyle brand, which is said to be “doing well.” Reports indicate that she plans to continue overseeing the business from the UK.
King Charles Reportedly Played a Major Role in Prince Harry’s Decision
Finances are not the sole reason for the family’s return to the UK. A royal insider previously conveyed to Page Six that King Charles significantly influences Harry’s choice to spend more time in his home country. “I know that Charles is a big reason for their return,” the source disclosed. This transition also represents a notable shift for Archie and Lilibet, who have predominantly lived in California since their parents relocated to the United States.
Prince Harry & Meghan Markle’s Montecito Neighbors React to UK Return
The couple’s impending move has not gone unnoticed by their neighbors in Montecito. One local resident shared with Page Six that there were initial concerns when Harry and Markle first arrived, particularly regarding the potential impact of their high-profile presence on the usually tranquil community. “When we first heard Harry and Meghan were moving to Montecito, there were definitely some concerns,” the resident remarked. “There had already been so much negative press and attention surrounding them and the royal family, and I think people worried about what kind of spotlight that could bring to such a quiet community.”
However, the same resident conveyed that many are anticipating a return to a quieter atmosphere. “Montecito is a very private, peaceful place, and I think a lot of people here will be happy to see things go back to being a little quieter.” It should be noted that they were not speaking for the entire community. Montecito is already home to numerous high-profile celebrities, including Oprah Winfrey and Rob Lowe, but Harry and Markle have attracted sustained international media attention since their arrival in 2020.
