Harry and Meghan have started investing their Netflix earnings into a global property portfolio. Their new home in Portugal is seen as the start of their property empire.
Sources close to the couple have revealed that they are being very smart with their money. They have bought a new house in Portugal, close to where Princess Eugenie (Harry’s cousin) and her husband live. However, according to The Sun, the Duke and Duchess of Sussex, who are spending a lot of time apart, have no plans to live there.
It’s unclear whether the couple will rent it out, use it as an Airbnb vacation rental, or simply invest the money. But the deal is seen as the first step in turning earnings from television and book deals into a global real estate empire.
Harry and Meghan received $75 million from Netflix for a six-part documentary series about the British royal family. Harry also received $15 million in royalties for his autobiography “Spare” and inherited $8 million from the Queen Mother after turning 40 in September.
Palace insiders are concerned about the Sussexes’ finances as money dries up. They have to pay heavily for security in the US and Harry’s visits to the UK. In addition, the couple are still paying off the mortgage on the $11 million Montecito mansion they bought after stepping down from the royal family in 2020.
Sources say the Portuguese home will be part of a financial portfolio that includes other properties. However, they do not own a home in the UK after being forced to leave Frogmore Cottage last year. Harry and Meghan are now pursuing their own business ventures. Meghan wants to start a jam business and Harry is expected to announce his own projects. A close friend said: “It’s normal for couples not to do everything together.”
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