Prince Harry and Meghan’s Montecito Mansion Doubles in Value, Potentially Making Them £12m Richer

Prince Harry and Meghan Markle have seen their fortune grow significantly over the past two years, thanks to the soaring value of their luxurious Montecito mansion in the US.

The couple purchased the property for £11.93m ($14.6m) in June 2020, and it has now more than doubled in value in just 23 months.

The sprawling estate, located in Oceanside Montecito, boasts an impressive 9 bedrooms and 19 bathrooms, and is currently valued at £23,960,720 ($29,350,320) by property website Redfin.

If the Duke and Duchess of Sussex were to sell the property today, they could potentially make a profit of £12m ($15m).

While rival website Zillow estimates the value of the couple's home at £21.6m ($26,485,500), some experts believe it could fetch as high as £30m ($36.81m).

This remarkable increase in value is far above the average rise in California's already hot housing market, fueling speculation that Harry and Meghan may be considering selling their property.

Luxury estate agents have noted a significant surge in property prices over the past 18 months, with no signs of slowing down.

For the royal couple, this means they can simply sit back and watch their home's value skyrocket.

In other news, streaming giant Netflix has recently made the decision to lay off 150 employees due to falling revenue.

This move comes after the company decided to cancel Meghan Markle's upcoming project, Pearl.

The decision has sparked outrage among some social media users, with one claiming that Netflix wasted $100m on their multi-million dollar deal with the Sussexes.

Another user expressed their frustration, stating that Harry and Meghan are “bad luck” and called for a boycott of Netflix.

Netflix's cutbacks come at a time when the company is experiencing a decline in subscribers for the first time in a decade.

In the first three months of this year alone, the streaming platform lost 200,000 subscribers.

The redundancies, which account for around 2% of the North American workforce, will primarily affect employees in the Californian office.

Netflix attributes these cutbacks to a drop in revenue and emphasizes that they are driven by business needs rather than individual performance.

The cancellation of Meghan's animated TV series Pearl is seen as a blow to the Sussexes.

Royal expert Richard Fitzwilliams suggests that Netflix's financial struggles and the need for significant changes in its content lineup may put pressure on the couple to deliver more content quickly.

While Harry's Heart of Invictus series is set to be released soon, the approximately $100 million deal with Netflix demands a return on investment.

This situation raises questions about what Netflix expects from the royal couple moving forward.

The streaming giant, once proud of its partnership with the Sussexes and the success of shows like The Crown, now finds itself making drastic cutbacks and adjustments to its output.

It remains to be seen how this will impact the internationally recognized brand of Harry and Meghan and whether they will be compelled to produce more content in a shorter timeframe.