The Sussexes are believed to be funding their new life in California via a range of media deals and Harry’s autobiography.

King Charles is said to concerned about the Sussexes’ finances (Image: Getty)

King Charles is said to be worrying “what is going to happen when all the money runs out” for his son Prince Harry and wife Meghan Markle.

The Sussexes stepped down from Royal Family duties in 2020 and have since been funding a new life in Montecito, California through various projects they are involved in.

It’s believed the pair have turned to a number of big media deals – such as money raised through their controversial Oprah Winfrey interview, Netflix deal and Harry’s controversial autobiography Spare – in order to pay for their new lifestyle.

But according to a new biography written by veteran royal writer Robert Jobson, titled Catherine The Princess of Wales, Prince Harry’s father is now fretting about their finances.

Harry told Oprah Winfrey in 2021 that the media deals were not part of their plan but were necessary to provide his family with financial security after his father “literally cut me off financially.”

Prince Harry and wife Meghan have had a number of media deals (Image: Getty)

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Mr Jobson wrote in an extract recently published by the Daily Mail: “The Sussex-shaped void in the Royal Family has never loomed so large, yet there is no question of them stepping in to help. [Prince] William remains adamant about that,”

“As for King Charles, he’s let it be known that he’ll never shut the door on his second child, though there seems little chance of a meaningful reconciliation for now.”

Harry and Meghan’s “biggest paydays” could now be behind them with their Spotify deal brought to an end prematurely in 2023, writes Jobson.

The royal author believes the couple are “trying to find an income stream (jam, anyone?) that doesn’t involve dishing dirt on the Royal Family” after the public have grown weary of their whinging.

Mr Jobson added: “The ‘Harry problem’, as it’s known among Palace staff, continues to plague the King.

“‘What worries His Majesty, and his top team,’ says a Palace official, ‘is what is going to happen when all the money runs out.'”

In another revelation from the book, King Charles allegedly left Prince Harry “furious” after suggesting there wasn’t enough money to fund Meghan Markle’s role as a working royal.

The book claims, however, that despite these concerns, sources close to the Royal Family revealed that Charles did provide Harry with a “substantial sum” and did not cut him off financially.

Funding for William and Harry came from the profits of the Duchy of Cornwall, a property portfolio meant to support the Prince of Wales. In 2020, the duchy provided a shared pot of £4.7million for the two couples.

Upon Charles becoming King, the duchy passed to Prince William, who now benefits from its full annual sum, which was nearly £23 million in the 2023-24 tax year, according to Newsweek.