This is how Harry and Meghan finance their luxurious life in California
Prince Harry and his wife Megan lead a lavish lifestyle even after they leave the British royal family: their California villa alone is said to have cost nearly €14 million. Where does the money come from for this?
sA pool, a tennis court, nine bedrooms, a home cinema and more than a dozen bathrooms: the villa where Prince Harry, 38, and Duchess Meghan, 41, live in Montecito, California, leaves nothing to be desired. The cost of the property, which has an area of 1,350 square meters and an extensive garden, is about 15 million US dollars (about 14 million euros). However, the Sussex couple, as the couple is also known in Great Britain after their titles the Duke and Duchess of Sussex, chose a more spacious property in nearby Santa Barbara as the location for their Netflix documentary, which was released just before Christmas.
Maybe, The British newspaper “The Telegraph” speculated with relishThe couple felt the need to portray themselves as wealthier than they are now. In Montecito they are “comparative poor”, that is, relatively poor. Hollywood giants and tech billionaires, who are said to have far more money than the royal family dropouts, are mocking a community of about 8,000 people. The Telegraph added the smug comment that Montecito is so exclusive that the couple may soon not be able to afford to live there.
In any case, there is a view circulating in the UK that the two have been eyeing the money in their publicity campaign over the past few weeks. According to a recent Yougov poll, more than 40 percent of people in the UK believe that financial interest is the main motive behind the publication of Prince Harry’s autobiography, Spear, in which he reveals many juicy details from Prince Harry’s private life. the Royal family.
There is no reliable information about its origins
But how much money do Harry and Meghan, who share the villa with their two children Archie (3) and Lilibet (1) and three dogs, have? There is no reliable knowledge about this.
After the death of his mother, Princess Diana, Harry reportedly inherited most of her fortune along with his brother, Prince William (40). According to the Telegraph, that was said to be £20m (about €22.5m) at the time of the payment – but it had to be split in half with William. In addition, his father, Charles, 74, gave him a large sum as help to start a business when he left the royal family, British media reported. However, the flow of money from the palace later dried up.
Meghan is said to have brought millions into the marriage as well. American magazine “Forbes”. Her net earnings from acting, most notably in a series of lawsuits, have been estimated to be $2 million.
An alleged $20 million advance for the resume
But all of that has been dampened by the couple’s alleged earnings since they left the royal circle in early 2020. Although there are no reliable results here either, the deal is said to be with the streaming service Netflix, which also includes associates of the six. – Part of the documentary series “Harry and Meghan”, with a value of 100 million US dollars (about 92.4 million euros). There are also other contracts like the one with Spotify, which is said to have brought in $30 million. The couple wants to produce podcasts for the streaming service with production company Archewell Audio. A season of Megan’s archetypes podcast has already been launched.
Harry is said to have received just $20 million as a prequel to his autobiography. Whether or not this is true is unknown. In any case, it does not seem completely unrealistic. According to the BBC, former President Barack Obama and his wife Michelle are said to have raised $60 million for a similar deal. And the book sells like hot cakes. The English version of the biography alone sold 1.4 million times on the first day of its publication on Tuesday or in its online shopping cart, according to US publisher Penguin Random House. Harry wants to donate the equivalent of 1.8 million euros of his earnings.
Another source of income is Harry’s collaborations with talk show legend Oprah Winfrey. The pair co-produced a six-part mental health documentary series for the Apple TV+ streaming service called The Me You Can’t See. In addition, Harry has served as Chief Impact Officer at the coaching company BetterUp since 2021.
Bodyguards cost between two and three million dollars annually
On the spending side, the couple paid £2.4m (€2.7m) into the Sovereign Grant, the taxpayer-funded royal family coffers, to renovate their Frogmore Cottage estate on the grounds of Windsor Castle.
In addition to personnel, travel, childcare and vehicle expenses, the safety costs of Harry and his family must also be factored in. With his retirement from the inner circle of royals, Harry has lost his right to police protection in the UK. The court is currently deciding whether he can use it for money. It’s for the coronation of his father, King Charles III. Traveling to London on May 6 is now unlikely, according to a report by The Sun.
But the former king also relies on professional bodyguards around the clock in the USA and elsewhere. Forbes estimated her annual bill to two to three million US dollars. And the amount is unlikely to decrease after his frank admission that he killed 25 Taliban fighters in the war in Afghanistan.
Given the high income, it seems unlikely that Harry and Meghan will run out of money soon. But it is questionable whether they can keep the cash flow generated by their private life visions flowing in over the long term.