Amidst the financial challenges faced by Kate Middleton's parents, the royal family remains relatively detached from the Middletons' financial woes.
In an exclusive conversation with Us Weekly, esteemed royal author Christopher Andersen disclosed that the royals are not unduly concerned about the financial setbacks experienced by the Middletons, which followed the bankruptcy of their company, The Party Pieces Company.
As detailed in a recent report by The Times of London, Carole and Michael Middleton find themselves grappling with an outstanding debt exceeding $329,000 attributed to "insolvency firm costs" since their business went bankrupt in June 2023.
Andersen clarified, “The royal family does not view the collapse of Party Pieces as a source of embarrassment. It's crucial to understand that the failure of the Middletons' business does not necessarily reflect their personal financial status.
“It would be a misconception to assume that the Middletons are financially destitute; they possess considerable personal assets,” he emphasized.
Further elaborating on the royal family's perspective, Andersen pointed out that the family is preoccupied with their own pressing health challenges, making the Middletons' financial situation a secondary concern.
“Given the king's ongoing battle with cancer and Kate's own health struggle, the Middletons' financial obligations are not a top priority for the royal family at this juncture,” the royal commentator conveyed.
He continued, “It's essential to recognize that Carole Middleton's primary focus is on supporting her daughter through this profoundly challenging period.
"The Duchess of Cambridge has always relied heavily on her mother for emotional sustenance and encouragement, and this reliance has never been more pronounced than it is now,” Andersen added.
