Meghan Markle and Prince Harry's 'smart' new multi-million venture after huge Netflix deal
The Duke and Duchess of Sussex, Prince Harry, 40, and Meghan, 43, are reportedly investing millions in a new home in Portugal. The couple, parents to Archie, five, and Lilibet, three, have been residing in their Montecito, California mansion for years but are now said to be expanding their property portfolio with a significant investment. A source told The Sun: "They’re being smart with their money."
The newspaper revealed that the Sussexes' new overseas abode is "around the corner from Harry’s cousin Princess Eugenie and her husband". However, it's reported that the pair "do not plan to live in their new pad". It remains unclear whether the property will be rented out, used for family holidays or is simply an investment. This purchase is seen as "the first step of putting earnings from their TV and book deals into a global property empire".
Harry and Meghan have reportedly earned $97 million from Netflix for their six-part series about their family life and infamous ‘Megxit’ departure from the royals. Additionally, Harry received a $20 million advance for his autobiography Spare and inherited $10 million from the late Queen Mother after he turned 40 in September.
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Despite this, there have been reports of concerns that the Sussexes are spending their money extravagantly on their US lifestyle, which includes private security in America and for Harry when he visits the UK.
They're still shouldering a hefty mortgage on their $14.2 million Montecito mansion, bought post their UK Royal exit in 2020. The Sun reports insiders claim the duo's Portugal property "will be part of a financial portfolio which will include more real estate".
Plus, Meghan is poised to boost their coffers with a Goop-esque wellness site, peddling items from jam to yoga mats.
