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Prince Harry and Duchess Meghan pay back millions for renovation

2020-09-07T17:57:13.963Z


It was part of the deal - now the money has flowed: Harry and Meghan have settled the bill for the renovation of their UK residence. A few days earlier they had signed a deal with Netflix.


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Duchess Meghan and Prince Harry (archive): renovation paid for

Photo: Frank Augstein / AP

It's been a good six months since Prince Harry and Duchess Meghan broke away from the British royal family.

Part of the deal was that they would pay for the renovation of Frogmore Cottage, their UK residence.

A spokesman for the couple has now announced that a corresponding payment has been ordered.

The sum, which is the equivalent of around 2.7 million euros, had previously been paid from the so-called "Sovereign Grant".

Every year the state transfers a part of what the Crown Estate generates to the royal family.

Behind this is a huge economic empire, which includes lands, forests, wind farms, salmon farms, shopping centers and real estate in prime locations.

The portfolio is managed by an independent organization, with profits going to the UK Treasury.

The royal family receives part of it, which is called the "Sovereign Grant".

In 2018 it was 25 percent.

With their move, Harry and Meghan implement their announcement to become financially more independent.

"This contribution fully covers the renovation costs for Frogmore Cottage," the spokesman said in a statement.

The house is owned by the Queen, but remains the family's British residence.

The country house is divided into five apartments.

During the renovation, a luxurious kitchen was installed and new lines and heating pipes were laid.

The old Victorian floorboards also had to be replaced, reported British media.

A few days before the payment, it became known that Meghan and Harry had signed a multi-year contract with Netflix.

The couple want to produce "inspirational family programs" for the streaming service.

It is not known what amount Harry and Meghan agreed on with the company.

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jpz / dpa / Reuters

Source: spiegel

All life articles on 2020-09-07

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