So much for being called self-made millionaires, right? There’s a new report that suggests Kate Middleton’s family might have been pretending to be rich this entire time, believe it or not.
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Now that it’s been confirmed that Carole Middleton’s business Party Pieces has gone bust and that she also owes her creditors millions of dollars, a lot of people can’t help but wonder if she and her husband Michael were only pretending to be rich this entire time. Keep reading below for everything you need to know.
Royal Family News – Was Kate Middleton’s Family Only Pretending To Be Rich?
Unfortunately, the party is over for the Middleton family. Several reports say that Party Pieces went bankrupt, racked up a seven-figure debt and owed money due to pandemic loans, back payments on their commercial property and vendors.
And of course, a lot of people can’t help but wonder how Carole and Michael Middleton managed to skate by for so many years pretending to be successful business people when in actuality, they were struggling.
According to the Daily Mail, it was all smoke and mirrors for the Middleton Family. The publication mentioned how Party Pieces restructured in 2019 and how that might have led to the company’s death.
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They put it his way, “Because Party Pieces is now a limited company (the aforementioned partnership structure was dismantled a few years back), Carole and Michael Middleton have no personal responsibility, legally speaking, to repay any of these debts. That in turn leaves ordinary working Britons on the hook for a business failure presided over by the mother-in-law of the future King.”
What’s Next For Carole And Michael Middleton?
If that weren’t enough, the site went on to say that things were so bad for Carole that when her creditors began to call her for her back payments, she stopped answering her phone and she stopped replying to texts.
One insider even put it this way, “She apologized. She said that one of the managers was failing to deal with it, so she said, ‘I’m personally going to deal with it. I’ll rectify everything. I won’t be able to pay it in one lump: I’ll pay it on a weekly basis.’”
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Clearly, that never happened and the company fell into administration.
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