The value of Prince Harry and Meghan Markle’s magnificent home in California has risen, putting their net worth at nearly £100 million.

Last June, the Sussexes paid $14.65 million (£10 million) for a nine-bedroom, 16-bathroom home in Montecito.

Their hillside home, which includes a pool, gym, spa, theater, tennis court, and children’s play area and overlooks the Pacific Ocean, has nine bedrooms and 16 bathrooms.

According to The Times, estate brokers claim the house has increased in value, with one estimating that it is now worth almost three times what they paid.

Randy Solakian, who represented the builder when the home was sold to a Russian billionaire, claimed the couple purchased at the appropriate moment and received a “bargain” since the house is estimated to be worth about $40 million (£28.7 million).

“It would have been really ugly if they’d paid $40 million [£30 million] for it, which is what it’s probably worth, but I would say they got a bargain,” he said.

The property market in Montecito has gone “crazy” since the summer, according to Sandy Stahl of Sotheby’s International Realty, and the Sussexes’ house would now sell for “at least double” what they spent, noting that a neighboring house for $21 million was “nearly as nice.”

When the couple and their son Archie came to the neighborhood, which is surrounded by A-list celebrities and billionaires, they made quite a stir, but neighbors claim they are seldom seen in public.

The Sussexes accused Harry’s family of failing to offer adequate support and failing to comprehend their reasons for stepping down as senior royals during their explosive appearance with Oprah Winfrey.

While he didn’t elaborate, it’s probable he was referring to Prince Charles’ stipend, which amounts to approximately £2.5 million per year via the Duchy of Cornwall.

Princess Diana and the Queen Mother are believed to have left the 36-year-old approximately £23 million in inherited assets.

After the so-called Megxit, Harry said his family “literally cut me off financially”. As a result, the pair had to negotiate lucrative agreements with streaming giants Netflix and Spotify.

In December, the pair produced their debut podcast, in which they discussed 2020 with Elton John, James Cordon, and a number of other celebrities.

Meghan made an investment in Clevr Blends, a business that produces instant oat-milk lattes, in December.

The agreements are helping to finance the royals’ extravagant lifestyle in suburban Los Angeles, which includes their multi million home in a gated enclave for the wealthy and famous, as well as other expenses such as security.

According to The Times, based on publicly disclosed assets and transactions, the couple has a combined net worth of approximately £96 million.