However, the couple have sold their former marital home, Sunninghill Park in Berkshire, which had been a wedding present from the Queen. They received £15m for it in 2007, considered to be well above its market value.
Andrew has spent around £7.5m on improvements to Royal Lodge in Windsor Great Park, where both now live, despite their divorce.
Buckingham Palace declined to comment but a source close to the duchess confirmed she and Andrew have bought the chalet jointly as a nest egg for their daughters, Beatrice and Eugenie.
"They holiday in Verbier several times each year as all the family are keen skiers and it makes sense to have their own place there."
The chalet has a master bedroom draped in furs, a living room filled with antiques, sauna, boot room, indoor pool and terrace with stunning views.
Neighbours include Sir Richard Branson and singer James Blunt.