Kate Middleton’s Parents Are Not As Wealthy As Some People Think

They might look like they are multi-millionaires and they might act like they are also multi-millionaires, but they are actually far from it.

There’s a new report that suggests Kate Middleton’s parents, Michael and Carole Middleton, don’t have the kind of money that some people think they do.

As many royal fans are aware of by now, the Middletons lost their business, Party Pieces, and have gone bankrupt because of it. Here’s what you need to know.

Royal Family News – Kate Middleton’s Parents Are Not As Wealthy As Some People Think

According to a new report, Party Pieces’ new head boss James Sinclair is setting the record straight about what happened to the company and what kind of position the Middletons are currently in.

Kate Middleton’s Parents Are Not As Wealthy As Some People Think

Sinclair said that he stepped in to save the company because of its legacy.

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Speaking about Carole Middleton, he told Fabulous in an interview, “Carole has a huge emotional attachment to the business, even now. She spent three decades building it, literally from the kitchen table up and the whole family was involved.

She built into a very successful business. It was a wrench for her to see it start to fail. It’s no secret that she’s part of a family that is busier than most and she wanted to retire. She sold half of the company to investors, a new team came in, and she stepped away from the business.”

Royal Family News – What’s Next For The Middletons?

What’s more, he said that Kate Middleton’s mother did everything she could to save the company and avoid her creditors, but at the end, nothing worked.

He explained, “She wanted the business to be successful after I bought it because there were staff there who she cared about and she wanted to make sure their jobs were secure,” says James, who ensured staff were relocated from Berkshire to the new offices in Essex.

When you start a business from scratch and run it for 30 years, you care, you want it to carry on. It’s very much like a baby. It’s part of who you are, part of your brain and your imagination, and you don’t want it just to end. None of the family did because they all worked there. It would have been a crying shame.”

So far the Middletons themselves have not made any comments about the matter. Watch this space.

Tell us, what do you think of this story? Drop us a line in our comments section below with your thoughts.

Also, don’t forget to come back right here for all the latest news and gossip about all of your favorite British royals, We’ve got you covered.

Editorial credit: B. Lenoir / Shutterstock.com

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