Prince Harry and Meghan Markle have fully repaid the pending £2.4 million or about $3,107500 that were spent on the renovation of Frogmore Cottage and suiting the real estate to the couple’s needs.
Upon quitting their positions as senior royals, the Duke and Duchess of Sussex publicly stated that they would return the amount of taxpayers’ money that was spent on the building’s renovation.
The move was also supposed to ease the tensions with Queen Elizabeth II because they signed a contract to clean up the financial mess they left behind.
However, it appears that the financial obligations of the Sussexes regarding the property are far from over as it was reported that the Duke and Duchess of Sussex also have made “a substantial contribution to the Sovereign Grant that covers refurbishment and rental obligations for Frogmore Cottage.”
According to Omid Scobie, one of the authors of the biography Finding Freedom: Harry and Meghan and the Making of a Modern Family, it was reported to him that Prince Harry paid an additional amount of money, so he and Meghan could use Frogmore Cottage as their UK residence.
Some speculate that what made it possible for the couple to repay for the refurbishment of Frogmore Cottage was the fact that Prince Harry and the former actress recently struck a lucrative deal with streaming giant Netflix.
Apparently, the Duke and Duchess of Sussex’s goal was to create various documentaries, movies, and content for children via their newly-founded production company.
The couple addressed their deal with Netflix by stating, “our focus will be on creating content that informs but also gives hope” and explained that it was important for them to make “inspirational family programming” as new parents.
However, it appears that the power couple might be cash-strapped because many were shocked to learn that the Duke and Duchess of Sussex are renting their Montecito mansion.
The duo purchased the $14.7 million property after inking the deal with Netflix.
According to the Mail Online, the stunning home is available to anyone who could fork out $700 per hour for filming visuals, movies, documentaries, and photoshoots.
A critic shared this comment: “Are they renting out for extra money for themselves or….”
Another person had this theory about the royal couple: “Because they probably just listed it to rent it out in January. They will be out of town for a court case, so they are looking for ways to earn money while they are out, apparently.”
A royal fan revealed: “They don’t have that kind of cash flow, even with the Netflix deal it proves that their retainer wouldn’t be more than $5 million, it’s only the potential to earn $100 million over several years depending on how well their documentaries do. Harry couldn’t afford this property until he gets his inheritance when he turns 40, so I bet that Meghan will definitely be sticking around until she can get her finger on that.”
Financially, things look a bit complicated for the power couple.