Meghan Markle, the Duchess of Sussex, has become one of the world’s most recognizable faces. As a result, her net worth has grown substantially over the past few years.
In this article, Fidlar will take a look at Meghan Markle net worth in 2023, as well as some of her sources of income. We’ll also discuss some of the investments she’s made that have added to her wealth. By the end of this article, you’ll have a better idea of the royal family’s finances.
What is Meghan Markle’s Net Worth and Salary 2023?
Meghan Markle, the former actress and now humanitarian and philanthropist boasts a net worth of $60 million with her husband, Prince Harry.
Before their marriage, Meghan’s individual wealth was estimated to be $5 million – a far cry from Harry’s fortune of $20 million, the vast majority of which originated from a trust fund created by his late mother, Princess Diana.
Meghan Markle Overview: Why is Meghan Markle Famous?
Early Life
The fairy tale of Rachel Meghan Markle begins on August 4th, 1981 in the sun-soaked city of Los Angeles, California. Though born to Doria Ragland and Thomas Markle Sr., Rachel’s parents divorced when she was only six, leaving her as their only shared child.
Unfortunately, she is reportedly estranged from her two paternal half-siblings. Raised in a mixed-race family, Meghan Markle’s mother is African American and her father of white European descent.
During Markle’s upbringing, her mother worked as a yoga instructor while her father was a celebrated lighting director, garnering several Emmy awards for his contributions to television.
Raised in Hollywood, California, Meghan Markle attended private schools like Hollywood Little Red Schoolhouse and Immaculate Heart High School and later earned double degrees in theater and international studies from Northwestern University in 2003. While there, she was part of the Kappa Kappa Gamma sorority.
Acting Career
Meghan, just like other budding actors, had a hard time getting a foothold in the industry during her initial days in the business and had to take up the profession of a freelance calligrapher to make ends meet, working on wedding cards for couples – the most popular being Paula Patton and Robin Thicke’s wedding!
Meghan Markle’s journey to the big screen began with a humble role in a single episode of the daytime soap opera “General Hospital.”
She then made guest appearances in shows like “Century City” (2004), “The War at Home” (2006), “CSI: NY” (2006), and “Fringe” before taking on supporting roles in the films “Get Him to the Greek” (2010), “Remember Me” (2010) and “Horrible Bosses” (2011).
Ultimately, she secured a recurring role as a briefcase model on the popular “Deal or No Deal” game show.
In the years 2010 and 2011, Markle starred in the movies Get Him To The Greek, Remember Me, and Horrible Bosses, as well as the short film The Candidate, for which she earned a whopping $187,000 and $171,429, respectively.
In July 2011, Meghan Markle burst onto the USA Network showed Suits as Rachel Zane and remained with the show for a remarkable seven seasons, earning an estimated $50,000 per episode – which is an annual salary of around $450,000!
Eventually, in late 2017, Meghan Markle decided to leave the show and move on to other exciting endeavors.
From 2014 to 2017, Markle was the mastermind behind the popular lifestyle website The Tig – a clever moniker derived from her favorite wine, Tignanello. After a successful run, Markle closed The Tig in 2017.
In 2016, Markle debuted two highly sought-after clothing lines for Canadian retailer Reitmans and acted as the brand’s ambassador.
As soon as the collections were made available in select stores and online, they quickly sold out – a testament to Markle’s star power. However, in April 2017, Markle and Reitmans ended their successful partnership.
Markle earned a yearly salary of $80,000 through The Tig, Reitmans, and other brand endorsements and sponsorships.
Suits Salary and Earnings
When she was at the top of her game, Meghan Markle pulled in a whopping $50,000 per episode of the show “Suits”, which worked out to an eye-watering annual salary of around $450,000. In total, Meghan earned an impressive $4 million pre-tax from her “Suits” stint.
Other Projects
In 2014, Meghan Markle created a lifestyle website and blog known as The Tig, where she discussed topics such as food, fashion, beauty and travel.
Her work was met with incredible success, as The Tig gathered an impressive following of 3 million on Instagram, 800,000 on Facebook, and 350,000 on Twitter – the majority of which were comprised of her admirers and fans of the show “Suits”.
Markle’s lifestyle blog saw tremendous success, garnering multiple sponsorships and endorsements and estimated earnings of around $80,000 a year. After running the website for three years, Markle archived all content and shut it down in 2017.
Thanks to her inspiring lifestyle blog, which earned her a name in the fashion world, Meghan Markle had the chance to launch two fashion lines in 2015 and 2016 with Canada’s leading clothing brand, Reitmans.
These collections were crafted from her signature look and inspired by her “Suits” character Rachel’s iconic style.
Personal Life
In 2004, Markle and actor/producer Trevor Engelson embarked on a relationship, culminating in a marriage in September 2011. However, a no-fault divorce followed in August 2013, and afterward, Markle entered into a relationship with celebrity chef Cory Vitiello which lasted almost two years.
Rumors of a romantic link between Meghan Markle and British royal Prince Harry started swirling in June 2016, which were later confirmed in November of the same year.
After a year of blissful courtship, the couple announced their engagement in November 2017 and were officially married the following March.
On a sunny May morning in 2019, the world celebrated the arrival of baby Archie Mountbatten-Windsor – seventh in line to the British throne – and the Duchess of Sussex, Meghan Markle, who had been gifted this title upon her marriage to Prince Harry.
Public Role in the Royal Family
Markle made her grand debut in the British royal family in December 2017, soon after her engagement to Prince Harry was made known. She graced the occasion of World AIDS Day with a walkabout event in Nottingham, and as Prince Harry’s fiancée, she attended a total of 26 public engagements.
In May 2018, shortly after their wedding, the Duchess of Sussex made her first official public appearance in honor of Prince Charles’ charitable endeavors.
The Sussexes have been subject to much criticism and breaches of their privacy in the media, culminating in the revelation that Meghan was suing The Mail on Sunday for publishing her letter to her father in late 2019.
To put a stop to the onslaught, they took the bold decision in January 2020 to step away from their positions and duties as senior members of the Royal Family. On March 31, 2020, they made it official – they would be dividing their time between the United Kingdom and North America in pursuit of financial independence.
Charity Work
Before ascending to the throne, Markle was devoted to charity work. In 2014, she was a counselor for the international charity One Young World and delivered a speech at their summit in Dublin.
Additionally, that year she accompanied the United Service Organizations on a visit to Afghanistan and Spain. In 2016, she made waves worldwide when she assumed the role of Global Ambassador for World Vision Canada.
Subsequently, her passionate support for causes such as the United Nations Entity for Gender Equality and the Empowerment of Women has further solidified her standing as a champion for social justice.
Markle and Prince Harry have been working in tandem with Elephants Without Borders since 2017, showing no signs of stopping their charitable mission even as we enter into 2020.
In 2018, she began collaborating with the survivors of the tragic Grenfell Tower fire, creating the charity cookbook “Together: Our Community Cookbook” as her inaugural philanthropic venture following her ascension to Duchess of Sussex.
In April 2020, Harry and Meghan changed and rebranded their charitable organization as “Archewell” – the name derived from their son Archie’s birth and reflecting their commitment to creating a better world for all.
Previously known as “Sussex Royal The Foundation of The Duke and Duchess of Sussex”, the newly christened Archewell Foundation stands for their vision of harnessing compassion to drive meaningful change.
Real Estate
After revealing their resolution to withdraw from royal engagements, Harry and Meghan first sought refuge in Canada before darting to Southern California, where they resided for a few months at a house owned by the illustrious Tyler Perry.
In August of 2020, the news that Harry and Meghan had snapped up a luxurious estate in the sunny enclave of Montecito, California (near Santa Barbara) was revealed to the world – with the price tag coming in at a staggering $14.7 million.
A savvy move on their part, the purchase was made with a hefty $10 million mortgage and a more manageable $5 million cash down payment.
Netflix Deal
On the 2nd of September, 2020, it was revealed that the Duke and Duchess of Sussex had signed a jaw-dropping 5-year, $100 million agreement with Netflix.
This landmark contract will permit the couple to create their own production company to develop scripted material, documentaries and children’s content.
The agreement could be worth as much as a staggering $150 million with additional bonuses and expansions!
Spotify Deal
In December 2020, news broke that the Duke and Duchess of Sussex, Harry and Meghan, had signed an eye-watering, three-year podcasting deal with Spotify – to the tune of a staggering $18 million!
FAQs about Meghan Markle
How much was Meghan Markle worth before Harry?
The exorbitant wealth of Meghan Markle, estimated at more than $5 million, far predates her union with Prince Harry.
How does Meghan Markle make money?
Gone are the days of Prince Harry and Meghan receiving a salary from the Royal Family, as the duo now largely rely on commercial contracts to bring in their income.
What is Prince Harry Net Worth?
Prince Henry Charles Albert David, commonly known as Harry, is the beloved younger brother of Prince William and grandson of the late Queen Elizabeth II and Prince Philip, Duke of Edinburgh. With an estimated net worth of $60 million, Harry certainly makes for quite the royal!
Conclusion
Meghan Markle’s net worth is only growing, and her investments are paying off. Her sources of income are varied and impressive, and it’s clear that she takes her financial matters seriously. With the right knowledge, anyone can make smart investments like Meghan and increase their wealth.
