Prince Harry said in his bombshell interview with Oprah Winfrey that his father, Prince Charles, “literally cut me off financially” after he and his wife Meghan Markle chose to move to the United States.
Last year, the royal couple bought their nine-bedroom, 16-bathroom mansion in exclusive Montecito, Calif., Using a $ 9.6 million mortgage.
But, when Harry’s legacy from his mother and great-grandmother and the lucrative contracts he and Meghan have signed with Netflix and Spotify are factored in, their net worth is estimated to be around £ 100million. .
And in another installment of financial good fortune, Montecito’s real estate market has gone ‘crazy’ since the summer according to a local real estate agent, meaning Harry and Meghan’s home could have tripled in value.
It cost the pair $ 14.65million (around £ 10million) but could now be worth as much as £ 30million, prompting Sandy Stahl, an agent at Sotheby’s International Realty, to say that Harry and Meghan’s move was “really smart,” the Times reported.
Last year Prince Harry and Meghan Markle bought their nine-bedroom, 16-bathroom mansion in exclusive Montecito, California, using a $ 9.6 million mortgage.
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But, when Harry’s legacy from his mother and grandmother and the lucrative contracts he and Meghan have signed with Netflix and Spotify are factored in, their net worth is estimated to be around £ 100million.
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Harry, 36, and his brother William inherited £ 21million from their mother Diana. The money was kept in trust until the age of 25.
Harry also received a smaller figure from the Queen Mother’s will after her death in 2002, valuing his total estate at £ 23million, the Times estimates.
He and Meghan are said to have been looking for a deal worth £ 71million when they signed their deal with Netflix last year.
They also made an agreement with Spotify to produce podcasts under the banner of their Archewell foundation. It is said to be worth £ 18million.
And in December, Meghan, 39, announced that she had invested in the company Clevr Blends, which makes instant oat milk lattes.
Meghan’s overall net worth is said to be around £ 4million. When, as an actress, she starred in the American drama Suits, she received £ 2million over six years.
When Harry’s legacy from his mother Diana (left) and his great-grandmother the Queen Mother (right, in 2001) and the lucrative contracts he and Meghan signed with Netflix and Spotify are taken into account, their net worth is estimated to be around £ 100million.
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The Duchess has also cashed in six-figure sums for film roles and she owns property in Toronto.
So, taking into account their assets and lucrative transactions, Harry and Meghan’s net worth would be around £ 96million.
Real estate agent Randy Solakian is familiar with Harry and Meghan’s house as he represented the couple who built it when they sold it to former owner Sergey Grishin, a Russian businessman.
In addition to its nine bedrooms, the house has a gym, spa, cinema, independent guest house, tennis court and swimming pool.
Pointing out how the home’s value may have tripled, Solakian told The Times: “It would have been really bad if they had paid $ 40 million. [£30 million] for that, which is probably what it’s worth, but I would say they got a good deal ”.
He and Meghan are said to have been looking for a deal worth £ 71million when they signed their deal with Netflix last year. They also made an agreement with Spotify to produce podcasts under the banner of their Archewell foundation. They say he’s worth £ 18million
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And her fellow real estate agent Stahl told the newspaper that while the boom in the Montecito property market was not due to the arrival of Harry and Meghan, she said they had made a ‘smart move’.
She claimed the house would sell for ‘at least double’ what they paid for and noted that a house close to Harry and Meghan was on the market for $ 21million and was not ‘as beautiful “.
However, Harry and Meghan’s wealth is still pale compared to that of one of their neighbors – Miss Winfrey herself, who lives a five-minute drive away.
She bought the first 42 acres of her estate for $ 50 million in 2001 and is said to have a net worth of $ 2.7 billion (£ 1.94 billion).
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