Prince Harry and Meghan Markle’s , when their wealth are combined is said to be close to £100 million when the value of the home they had bought in California upsurges.
The Sussexes had purchased a 9-bedroom, sixteen-bathroom mansion in Montecito for £10m (approx.$14.65m) in June 2020.
The property increases trails into the Santa Ynez mountains, which has a view over the Pacific, equipped with a gym, cinema, spa, a guesthouse which is separate, pool, tennis court, a children’s play area to mention few
Estate agents disclosed that the home has increased in value, and predicting the property could worth close to 3 times its cost, according to MSN
Randy Solakian, who is an estate agent with Coldwell Banker Global Luxury, disclosed to the newspaper that both Prince Harry and Meghan Markle had bought the house timely with good bargain
“It would really have been bad if they had paid £30 million (about $40 million) for the property, which is likely its current worth, but I would believe they got a good bargain,” he said.
Sandy Stahl, another estate agent who is with Sotheby’s International Realty, had also disclosed that the property market in Montecito has really gone wild since the summer.
Stahl went on adding that the Sussexes’ estate would likely sell for not less than double of the property cost, and that a nearby mansion was put on sale for $21 million which wasn’t anywhere near as nice.
This came following Prince Harry disclosure of being financially “cut off” from his family when the couple was on an interview with Oprah Winfrey.
While Prince Harry didn’t explain further, he probably might be referring to the allowance he received from Prince Charles, amounting up to £2.5 million annually via the Duchy of Cornwall.
Since their relocation to California while they relieved themselves from working as royals, the couple have been able to secured some profitable business deals estimated to worth millions.
In the year 2020, the Sussexes went on a multi-year deal with Netflix, amount not disclosed, with the plans of making documentaries, feature films, scripted shows and kiddies programming for the online streaming platform.
They also were able to secure a deal with Spotify delivering podcasts, reportedly to worth around £18 million, with some other potential sources of income.
In December 2020, Meghan made an investment in a company, Clevr Blends, which produces instant oat-milk lattes.
Prince Harry is said to have inherited close to £23m from Princess Diana and the Queen mother while Meghan is said to have brought close to £3 million into the marriage.
The couple is estimated to worth close to £96 million.