Meghan Markle has long been in the public eye, not just as a member of the British royal family but as a former actress and successful entrepreneur.
In this article, we will dive deep into her financial journey, specifically focusing on Meghan Markle net worth and how she built her wealth through acting and various business ventures. Whether you’re curious about her career, her impressive financial achievements, or her business ventures, PBC has got you covered. Let’s explore how Meghan Markle’s financial decisions have shaped her current net worth.
Quick Facts:
| FACT | DETAIL |
|---|---|
| Real Name | Rachel Meghan Markle |
| Popular Name | Meghan, Duchess of Sussex |
| Gender | Female |
| Birth Date | August 4, 1981 |
| Age | 43 |
| Parents | Doria Ragland, Thomas Markle Sr. |
| Siblings | Samantha Markle, Thomas Markle Jr. |
| Birthplace | Canoga Park, Los Angeles, California, USA |
| Nationality | American |
| Ethnicity | Mixed Race (Caucasian and African-American) |
| Education | Northwestern University (Theater, International Studies) |
| Marital Status | Married |
| Spouse | Prince Harry, Duke of Sussex (m. 2018), Trevor Engelson (m. 2011–2014) |
| Children | Archie Harrison, Lilibet Diana |
| Dating | N/A |
| Net Worth | $60 million |
| Source of Wealth | Acting, Business Ventures, Production Deals |
| Height | 5’6″ (168 cm) |
What is the Net Worth of Meghan Markle in 2024?
Meghan Markle’s net worth is estimated to be around $60 million as of 2024, largely thanks to her successful acting career, business ventures, and production deals. Her wealth has grown significantly since her time as an actress on Suits, and further with her and Prince Harry’s multi-million-dollar deals with major companies. When comparing her to other celebrities and partners in similar fields, her financial journey stands out.
Here are a few individuals and brands that can be compared to Meghan’s wealth:
- Prince Harry
- Netflix
- Spotify
- Oprah Winfrey
- Archewell Productions
- Tyler Perry
- Reitmans
- Princess Diana Trust Fund
- The Royal Family
- Catherine, Duchess of Cambridge
For more detailed comparisons, you can check out the top actors with substantial earnings.
Salary and Finance Overview
How She Built Her Wealth through Acting
Meghan Markle’s wealth-building journey began with her acting career. Although she started with small roles in shows like General Hospital, her breakthrough came when she was cast as Rachel Zane on the popular TV show Suits. At the peak of her acting career, she earned $50,000 per episode, making around $450,000 annually. This significant income from Suits provided a steady foundation for her growing financial portfolio.
Beyond acting, Meghan supplemented her income with freelance work, including calligraphy and teaching bookbinding. Her varied roles in films like Remember Me and Horrible Bosses also contributed to her wealth, with Meghan being paid $187,000 for the former and $171,429 for the latter.
Business Ventures and Endorsements That Added to Her Income
Outside of acting, Meghan ventured into business through her lifestyle blog, The Tig, which ran from 2014 to 2017. During its operation, The Tig helped her earn sponsorship deals and significant endorsements, contributing around $80,000 per year. The blog cemented her influence in fashion and lifestyle, opening the door to future opportunities. She also partnered with Canadian retailer Reitmans, where she launched two successful clothing collections that sold out quickly.
Her business ventures diversified even more after stepping down from royal duties, allowing her to focus on Archewell Productions and other initiatives.
Major Production Deals and Contracts Post-Royal Life
After stepping away from royal duties, Meghan, alongside Prince Harry, secured a lucrative $100 million deal with Netflix to produce content ranging from documentaries to children’s programming. This deal played a crucial role in Meghan’s financial growth. Additionally, the couple’s $18 million podcast deal with Spotify added another revenue stream. These contracts reflect their transition into media and content production, cementing their status as high-profile content creators.
Property Investments and Real Estate Acquisitions
Rachel Meghan Markle and Prince Harry’s property investments reflect their financial strength. In 2020, they purchased an estate in Montecito, California, for $14.7 million. This major real estate acquisition included a $5 million cash down payment, while the remaining $10 million was financed through a mortgage. Their home has only appreciated in value, showcasing how property investments contribute to Meghan’s financial portfolio.
The couple’s previous residence, Frogmore Cottage, required a $3 million refurbishment, which was later reimbursed after their move to California. Their focus on high-end real estate shows how valuable property investments have become for their financial future.
Financial Impact of Philanthropy and Charity Work
Meghan Markle has always emphasized philanthropy as a central part of her life. Even before joining the royal family, she worked with several charitable organizations. Through her foundation, Archewell, Meghan continues to promote causes that matter to her, such as women’s empowerment and social justice. The financial impact of these projects is notable, with proceeds from the charity cookbook Together: Our Community Cookbook benefiting survivors of the Grenfell Tower fire.
Her charitable work also extends to collaborations with organizations like World Vision and the United Nations. These philanthropic endeavors not only boost her profile but have an indirect financial benefit by strengthening her brand and influence.
Awards and Recognition That Increased Her Profile
Meghan Markle has received numerous awards and recognition for her work in philanthropy and advocacy. In 2023, she was honored with the Ms. Foundation for Women’s Women of Vision Award, highlighting her contributions to gender equality and social justice. Such accolades raise her public profile and indirectly contribute to her financial worth by increasing opportunities for brand partnerships and media projects.
Important FAQs About Meghan Markle
What acting role made her famous?
She gained fame for playing Rachel Zane on the television show Suits, where she earned significant recognition.
What business ventures does she have?
Duchess of Sussex co-founded Archewell Productions with Prince Harry, focusing on media, charitable endeavors, and content creation.
How many children does she have?
She has two children: Archie Harrison and Lilibet Diana.
Where does she currently reside?
Meghan Markle and her family currently reside in a Montecito, California estate that they purchased in 2020.
Has she written any books?
Yes, Meghan Markle wrote a children’s book titled The Bench, which is based on her perception of the relationship between her husband and their son.
Conclusion
Feel free to explore more about Meghan Markle’s incredible financial journey and share your thoughts! For more celebrity financial updates, visit pennbookcenter.com.
