“`html
Meghan Markle’s Net Worth: $60 Million in 2024
What is Meghan Markle’s Net Worth?
Meghan Markle, an American humanitarian, philanthropist, and former actress, along with her husband Prince Harry, has a combined net worth of $60 million. Prior to their marriage, Meghan had a net worth of $5 million, while Harry contributed $20 million, largely 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 UK and received the titles of Duchess of Sussex, Countess of Dumbarton, and Baroness Kilkeel.
In January 2020, the couple announced their decision to step back from royal duties, move out of the UK, 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 “His Royal Highness” or “Her Royal Highness.”
After leaving England and giving up their titles, Harry and Meghan secured a five-year, $100 million production deal with Netflix to create feature films, children’s shows, and documentaries. They also signed an $18 million, three-year podcasting deal with Spotify. In April 2023, Meghan announced that she had signed with WME to represent Archewell as well.
In August 2020, Harry and Meghan invested in a $14.7 million estate in Montecito, California. They paid $5 million in cash and financed the rest with a mortgage of about $10 million. They also settled a $3 million loan that had been used for renovating their UK family home, Frogmore.
Early Life
Rachel Meghan Markle was born on August 4, 1981, in Los Angeles, California. Her parents, Doria Ragland and Thomas Markle Sr., divorced when she was six, and she’s their only child. She has two half-siblings from her dad’s side, but they’re not close. Meghan has a mixed-race background; her mom is African American, while her dad is of white European descent. Growing up, her mom practiced yoga, and her dad worked as a lighting director for TV shows, winning a few Emmys along the way.
Markle grew up in Hollywood, California, attending private schools like the Hollywood Little Red Schoolhouse and Immaculate Heart High School. She later attended Northwestern University, where she earned double degrees in theater and international studies in 2003. During college, she was a member of the Kappa Kappa Gamma sorority.
Acting Career
Like many aspiring actors, Meghan struggled to land roles early in her career. To make ends meet, she took up freelance calligraphy, creating wedding invitations for couples, including Paula Patton and Robin Thicke.
Her first on-screen appearance was a minor role in an episode of “General Hospital,” followed by small guest spots on shows like “Century City” (2004), “The War at Home” (2006), “CSI: NY” (2006), and “Fringe.” She also held supporting roles in films like “Get Him to the Greek” (2010), “Remember Me” (2010), and “Horrible Bosses” (2011).
Eventually, she secured a regular spot as a briefcase girl on the game show “Deal or No Deal.” In 2015, Meghan talked about her struggles to find acting roles, sharing her experiences:
“I wasn’t black enough for the black roles, and I wasn’t white enough for the white ones, leaving me somewhere in the middle as the ethnic chameleon who couldn’t book a job.”
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 “The Candidate” netted her $171,429.
In July 2011, she landed the role of Rachel Zane on the USA Network series “Suits.” By the end of 2017, after completing the seventh season, she decided to leave the show. During her time on “Suits,” she reportedly earned $50,000 per episode, which amounts to around $450,000 a year.
Regarding her departure from “Suits,” Markle stated: “I just see it as a change. It’s a new chapter, right? And also keep in mind I’ve been working on my show for seven years. I think what’s been really exciting as we talk about the transition of this out of my career but into the role is that, as you said, the causes that have been very important to me I can focus even more energy on because very early out of the gate I think you realize once you have access or a voice that people are going to listen to, with that comes a lot of responsibility which I take seriously.”
From 2014 to 2017, Markle started and ran a lifestyle site called The Tig, named after her favorite wine, Tiganello. She decided to close it down in 2017.
In 2016, she launched two clothing lines with the Canadian retailer Reitmans and served as their brand ambassador. The collections were available in select stores and online, selling out quickly after their launch. By April 2017, Markle wrapped up her collaboration with Reitmans.
With her work on The Tig, Reitmans, and various endorsements, Markle was earning about $80,000 a year.
Suits Salary and Earnings
At the peak of her career, Markle was earning about $50,000 per episode of “Suits,” which totaled approximately $450,000 a year. Overall, Meghan made around $4 million before taxes during her time on the show.
LATEST: Prince Harry and Meghan Markle’s £11m Montecito Home Faces Uncertainty.
Other Projects
Markle launched her lifestyle blog and website, The Tig, in 2014. It covered a wide range of topics like food, fashion, beauty, and travel. The Tig gained popularity, attracting fans of Meghan and “Suits” alike. On social media, The Tig boasted 3 million followers on Instagram, 800,000 on Facebook, and 350,000 on Twitter. She secured numerous sponsorships and endorsements, earning about $80,000 a year from her blog. After three successful years, she shut it down and archived everything in 2017.
Her blog not only showcased her fashion sense but also opened opportunities for her to launch two fashion lines with Canadian brand Reitmans in 2015 and 2016. These collections reflected her personal style and 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, they divorced in August 2013. Afterward, she was in a relationship with celebrity chef Cory Vitiello for nearly two years.
In June 2016, rumors surfaced about Meghan being linked to Prince Harry from the British royal family. By 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 gave birth to their son, Archie, who is seventh in line for the British throne. Then in June 2021, they welcomed a daughter named Lilibet. Through her marriage to Prince Harry, Meghan 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, shortly after her engagement to Prince Harry was announced. She attended a World AIDS Day event in Nottingham.
During her time as Prince Harry’s fiancée, she participated in 26 public engagements. After their wedding, her first official outing as the Duchess of Sussex was in May 2018 to celebrate Prince Charles’s charity efforts.
The Sussexes have faced significant negative press and invasions of 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.
In January 2020, they announced their decision to step back from their senior royal roles. They also mentioned they’d be dividing their time between the UK and North America while aiming for financial independence. They officially stepped away from royal duties on March 31, 2020.
Charity Work
Before joining the royal family, Markle was deeply involved in charity work. She served as a counselor for the international charity One Young World and spoke at their summit in Dublin in 2014. That same year, she toured Afghanistan and Spain with the United Service Organizations. By 2016, she had become a global ambassador for World Vision Canada and 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 teamed up with Elephants Without Borders in 2017, a partnership that lasted until 2020. In 2018, she began supporting survivors of the Grenfell Tower fire, leading to her first charity project as the Duchess of Sussex, the cookbook “Together: Our Community Cookbook.”
Harry and Meghan also established their own charity foundation, initially named Sussex Royal The Foundation of The Duke and Duchess of Sussex, which they rebranded as Archewell in April 2020.
In April 2023, Markle was honored with the Ms. Foundation for Women’s Women of Vision Award.
Real Estate
After stepping back from their royal roles, Harry and Meghan initially spent time in Canada before moving to Southern California. They stayed for several months in a house owned by Tyler Perry. In August 2020, it was revealed that they had purchased a home in Montecito, California, near Santa Barbara, for $14.7 million. They financed the purchase with a $10 million mortgage and put down $5 million in cash.
Netflix Deal
On September 2, 2020, it was announced that Harry and Meghan had signed a five-year deal with Netflix worth $100 million. This partnership allows them to start a production company to create scripted shows, documentaries, and children’s content. With potential bonuses and extensions, the deal could reach up to $150 million.
Spotify Deal
In December 2020, it was disclosed that Harry and Meghan had secured an $18 million, three-year podcasting deal with Spotify.
Meghan Markle has truly established herself as a remarkable figure through her acting career, philanthropic efforts, and entrepreneurial ventures. From her successful role in “Suits” to her impactful work with charities and high-profile deals with Netflix and Spotify, Meghan has demonstrated resilience and determination.
Her ability to transition from acting to becoming a global ambassador for various causes reflects her dedication to making a positive impact. With a net worth of $60 million and a bright future ahead, Meghan Markle continues to inspire many with her achievements, both personally and professionally.
“`
Source link
