Could Netflix Be Helping Meghan Markle Pay for Her New $14.7 Million Home?
Earlier this year, Meghan, Duchess of Sussex and her husband, Prince Harry, decided to step down from being senior royals. The couple also moved to Southern California with their son, and they recently bought a new house in Santa Barbara County.
Meghan and Harry’s new purchase will be putting the couple back around $14.7 million, but even if they are not working full-time, it seems there is still a way to help pay for it. For example, Netflix could be a source of income for Meghan.
Meghan Markle and Prince Harry took out a mortgage for their new house
The $14.7 million house Meghan and Harry just bought is located in Montecito, California. It reportedly has over 14,500 square feet and includes 9 bedrooms, 16 bathrooms, a tennis court, and a movie theater.
The Sun reported that Meghan and Harry took out a $9.5 million mortgage, which should be paid back with interest by 2050.
A source also told Us Weekly that Meghan and Harry did not want to ask other royals, such as Prince Charles, for help with their home purchase.
“Harry could’ve asked Charles to contribute toward the cost of the house, but he chose not to,” the insider said. “Getting his dad financially involved would result in the royals having control over him. It would mean going backwards.”
The source added, “Buying a house together is a huge milestone for Harry and Meghan, especially as it’s the first property they’ve owned. They want to grow old together, reminiscing about their amazing journey.”
Meghan is reportedly earning money from ‘Suits’ reruns on Netflix
Even though Meghan and Harry will be in debt for a while, it seems making money will not be a huge problem for the couple. For one thing, Meghan’s old show, Suits, which she was on for seven seasons, is now on Netflix in select countries.
Reruns help bring in money for many TV actors. For example, the cast of Friends reportedly makes $20 million a year just from reruns of the popular sitcom alone.
It’s not clear how much Meghan is expected to be paid for Suits now that the show is on Netflix.
According to Express, Meghan was paid around $50,000 per episode of Suits when she was still acting on the show. Her net worth before marrying Harry was around $6 million.
Meghan and Harry could be making even more money in the future
However, of course, Suits is most likely just one source of income for Meghan and Harry. Now that they have stepped down from being senior royals, the couple has more options in how they can make work to make money in the future.
For example, many people predict that Meghan and Harry could do public speaking to talk about social justice and promote humanitarian causes. According to Marie Claire, the couple could make up to $1 million per speech.
Additionally, Meghan could do more work in Hollywood again, although her roles nowadays might be different than the ones she used to take on. In the spring of 2020, Meghan provided voiceover for the Disneynature documentary Elephant, which is available on Disney+. Given her popularity, it seems Meghan won’t have much trouble finding more work to fill her plate.