Meghan Markle net worth: $60 million in 2024.
What is Meghan Markle’s net worth?
Meghan Markle is an American humanitarian, philanthropist and former actress. Along with her husband, Prince Harry, they have a combined net worth of $60 million. Before marrying Harry, Meghan had a net worth of $5 million, while Harry brought home $20 million, mostly from a trust fund set up by his late mother, Princess Diana.
When Meghan married Prince Harry in 2018, she became a princess in the United Kingdom and took the titles Duchess of Sussex, Countess of Dumbarton and Baroness Kilkeel.
In January 2020, the couple revealed their plans to step back from royal duties, leave the United Kingdom and pursue financial independence. After discussions with Harry’s grandmother, the Queen, they reached an agreement that allowed them to proceed, but they could no longer use the titles “Her Royal Highness” or “Her Royal Highness.”
After leaving England and giving up their titles, Harry and Meghan landed a five-year, $100 million production deal with Netflix, under which they will create feature films, children’s shows and documentaries. They also signed a three-year, $18 million podcasting deal with Spotify. In April 2023, Markle announced that she had also signed with WME to represent Archewell.
In August 2020, Harry and Meghan invested their new fortune in a $14.7 million estate in Montecito, California. They put down $5 million in cash and financed the rest with a mortgage of about $10 million. They also settled a $3 million loan to renovate their family home in the United Kingdom, Frogmore.
Early life
Rachel Meghan Markle was born on August 4, 1981, in Los Angeles, California. Her parents, Doria Ragland and Thomas Markle Sr., separated when she was six years old and she is their only child. She has two half-siblings on her father’s side, but they are not close. Markle is of mixed race heritage; her mother is African American, while her father is of white European descent. Growing up, her mother loved yoga and her father worked as a lighting director for television shows, even winning a few Emmys for his efforts.
Markle spent her childhood in Hollywood, California, attending private schools like Hollywood Little Red Schoolhouse and Immaculate Heart High School. She then went to Northwestern University, where she graduated with a double degree in theater and international studies in 2003. During her college years, she was a part of the Kappa Kappa Gamma sorority.
Acting career
Meghan, like many actors trying to make it big, struggled to land gigs early in her career. To make ends meet, she took up freelance calligraphy, creating wedding invitations for couples, including one for Paula Patton and Robin Thicke.
Her first on-screen appearance was a minor role in an episode of “General Hospital.” After that, she landed a few more small appearances on shows like “Century City” (2004), “The War at Home” (2006), “CSI: NY” (2006), and “Fringe.” She also played supporting roles in films like “Take It to the Greek” (2010), “Remember Me” (2010) and “Horrible Bosses” (2011).
Eventually, she landed a regular spot as a briefcase on the game show “Deal or No Deal.” In 2015, Meghan opened up about her struggles finding acting roles, sharing her experiences:
“I wasn’t black enough for black roles, and I wasn’t white enough for white roles, leaving me somewhere in the middle as an ethnic chameleon who couldn’t get work.“
In 2010 and 2011, Markle appeared in several films, including Get Him To The Greek, Remember Me and Horrible Bosses, as well as the short film The Candidate. For her role in Remember Me, she earned $187,000, while her role in The Candidate earned her $171,429.
In July 2011, she starred as Rachel Zane in the USA Network series Suits. At the end of 2017, after finishing the seventh season, she decided to leave the series. During her time on Suits, she reportedly earned $50,000 per episode, which works out to around $450,000 per year.
Regarding her departure from Suits, Markle mentioned: “I just see it as a change. It’s a new chapter, right? And also keep in mind that I’ve been working on my show for seven years. I think what’s been really exciting as we talk about transitioning my career into this role is that, as you said, the causes that have been very important to me that I can still focus on more energy because very early on the door, I think you realize that once you have access or a voice that people will listen to, that comes with a lot of responsibility that I take seriously.“
From 2014 to 2017, Markle launched and ran a lifestyle site called The Tig, named after her favorite wine, Tiganello. She decided to close it in 2017.
In 2016, she launched two clothing lines with Canadian retailer Reitmans and served as their brand ambassador. The collections were available in select stores and online, and sold out quickly after launch. In April 2017, Markle ended her collaboration with Reitmans.
With her work on The Tig, Reitmans and various endorsements, Markle earned around $80,000 per year.
Salary and earnings
At the peak of her career, Markle earned around $50,000 for each episode of “Suits.” That was about $450,000 a year. In total, Meghan raked in around $4 million before taxes from her time on the show.
LATEST: Prince Harry and Meghan Markle’s £11million Montecito home faces uncertainty.
Other projects
Markle launched her lifestyle blog and website, The Tig, in 2014. She has covered many topics such as food, fashion, beauty and travel. Tig really took off, attracting many of his fans and those who loved “Suits.” On social media, The Tig had 3 million followers on Instagram, 800,000 on Facebook and 350,000 on Twitter. She has gained numerous sponsorships and endorsements, raising around $80,000 a year from her blog. After three years of success, she decided to close it and archived everything in 2017.
Her blog not only showcased her fashion flair but also opened the door for her to launch two fashion lines with Canadian brand Reitmans in 2015 and 2016. These collections reflected her personal style as well as the vibe of her “Suits” character, Rachel.
Personal life
Markle began a relationship with actor and producer Trevor Engelson in 2004, and they married in September 2011. However, things did not last and they ended up getting a no-fault divorce in August 2013. After that, she was in a relationship with celebrity chef Cory Vitiello for almost two years.
Fast forward to June 2016, and rumors began circulating that Meghan was related to Prince Harry, who is a member of the British royal family. In November 2016, their relationship was officially confirmed. A year later, in November 2017, they announced their engagement and got married in March 2018.
In May 2019, Meghan welcomed their son, Archie, seventh in line to the British throne. Then in June 2021, they had a daughter named Lilibet. Thanks to her marriage to Prince Harry, Markle is now known as the Duchess of Sussex.
Public role in the royal family
Markle made her first official public appearance with the British royal family in December 2017, just after her engagement to Prince Harry was revealed. She attended a World AIDS Day event in Nottingham.
When she was engaged to Prince Harry, she participated in 26 public engagements. After getting married, her first official outing as Duchess of Sussex was in May 2018, where she celebrated Prince Charles’ charitable efforts.
The Sussexes have faced a ton of negative press and serious attacks on their privacy. In late 2019, it was revealed that Markle was suing the Mail on Sunday for publishing a private letter she wrote to her father.
Then, in January 2020, they shared their decision to step back from senior royal duties. They also mentioned that they would split their time between the UK and North America while aiming for financial independence. They officially gave up their royal duties on March 31, 2020.
Charity work
Before embarking on royal life, Markle was heavily involved in charity work. She served as an advisor to the international charity One Young World and even spoke at their summit in Dublin in 2014. That same year, she toured Afghanistan and Spain with the United Service Organizations. In 2016, she took on the role of global ambassador for World Vision Canada. She has also collaborated with various organizations, including the United Nations Entity for Gender Equality and the Empowerment of Women.
After marrying Prince Harry, Markle continued her philanthropic efforts. They partnered with Elephants Without Borders in 2017, a partnership which lasted until 2020. In 2018, she began supporting survivors of the Grenfell Tower fire, which led to her first charity project in as Duchess of Sussex, the cookbook “Together: Our Community Cookbook”. “.
Harry and Meghan also established their own charitable foundation, initially called Sussex Royal The Foundation of The Duke and Duchess of Sussex, which they renamed Archewell in April 2020.
In April 2023, Markle received the Ms. Foundation for Women’s Women of Vision Award.
Real estate
After deciding to step back from their royal roles, Harry and Meghan first spent time in Canada before heading to Southern California. They stayed for several months in a house owned by Tyler Perry. In August 2020, it was revealed that they purchased a home in Montecito, California, near Santa Barbara, for $14.7 million. As previously mentioned, they financed the purchase with a $10 million mortgage and put down $5 million in cash.
Netflix offer
On September 2, 2020, it was revealed that Harry and Meghan had signed a five-year deal with Netflix worth $100 million. This partnership will allow them to start a production company, where they plan to create scripted shows, documentaries and children’s content. With possible bonuses and extensions, the deal could reach up to $150 million.
Spotify offer
In December 2020, it was announced that Harry and Meghan had reached a three-year, $18 million podcasting deal with Spotify.
Meghan Markle has truly established herself as a remarkable figure, not only through her acting career, but also through her philanthropic efforts and entrepreneurial ventures. From her hit role in “Suits” to her impactful work with charities and her high-profile deals with Netflix and Spotify, Meghan has shown resilience and determination.
Her ability to transition from actress to global ambassador for various causes demonstrates her determination to make a positive impact. With a net worth of $60 million and a bright future ahead of her, Meghan Markle continues to inspire many people with her accomplishments, both in her personal and professional life.