Harry and Meghan begin investing their Netflix millions in property portfolio
HARRY and Meghan have begun investing their Netflix millions in a property portfolio.
They have bought a new home in Portugal, around the corner from Harry’s cousin Princess Eugenie and her husband.
But the Sussexes, who have been spending an increasing amount of time apart, do not plan to live in their new pad, The Sun understands.
It is not known if the property will be rented out, used for Airbnb-style holiday lets or used purely to park money.
But it is seen as the first step of putting earnings from their TV and book deals into a global property empire.
“They’re being smart with their money,” a source said.
They pocketed £75million from streaming giant Netflix where they laid into fellow royals in a six-part series.
Meanwhile Harry, who got a £15million advance for his autobiography Spare, also inherited £8million from the late Queen Mother after turning 40 in September.
Palace insiders have been concerned about what will happen when the Sussexes run out of cash.
They have huge overheads, forking out a fortune on security in the US and for when Harry visits the UK.
And they are still paying a mortgage on the £11million Montecito mansion they bought after quitting as working royals in 2020.
Insiders say the Portugal home will be part of a financial portfolio which will include more real estate.
But the couple still do not own a home in the UK following their eviction from Frogmore Cottage last year.
The pair are now on a twin-track business plan, with Meghan hoping to sell jam and Harry hoping to announce separate projects.
A confidant insisted: “It is normal for couples to not do everything together.”
A Sussexes spokesman last night declined to comment.