2020 may still be in relative infancy but it has already witnessed its fair share of momentous events. Foremost amongst them is the official breakaway of Meghan and Harry from the British royal family otherwise known as Megxit. In a heartfelt Instagram post on the 8th of January 2020, the Duke and Duchess of Sussex announced that they would be stepping away from royal life to chart a new course in North America. They also attributed the step to the undue pressure and bias from the British media.
Since this unprecedented move, which took even the Queen herself by surprise, there have been several speculations about the future of the royal family. There have also been even greater speculations as to how the Sussexes will fund their new independence. We, however, say that there should be no worries in this regard seeing as Meghan Markle boasts of a healthy net worth running into millions of dollars.
What is Meghan Markle’s Net Worth?
If there is one word that certainly captures Meghan Markle’s life story, it is fascinating. For several years, the California native found fame and fortune as a TV star in Hollywood. She subsequently started dating Prince Harry and before we could say Jack Robinson, they formalized their union in a wedding watched by millions around the globe. Fast-forward two years later, Meghan and her husband once again stunned the world by ‘divorcing’ the royal family and seeking new horizons. Throughout this rollercoaster ride, Meghan has maintained a steady personality but one thing that has surely changed with each period is her overall Net worth.
Her Net worth before Marrying Prince Harry
Before she became a royal, served by tens and hundreds of stewards, Meghan Markle was a hardworking young woman who made a living as an actress. The Duchess of Cambridge made her onscreen debut as an unnamed character in the show, Married…with Children, at the age of 14. She subsequently spent several years as a freelance calligrapher before returning to acting. Her first adult role was in an episode of the soap opera, General Hospital, where she guest-starred as Jill.
Following General Hospital, Meghan appeared in a couple more shows, such as Cuts, Love, Inc, The War at Home, before she secured the highly-lucrative role as Rachel Zane in Suits in 2011. Since her breakthrough on Suits, the Duchess of Sussex has gone on to appear in a total of 31 movies and TV shows and has amassed a net worth of $5 million in the process. A significant portion of this amount comes from her Suits salary. Meghan made about $50,000 per episode of Suits, and appeared in 100+ episodes, translating to more than $500,000 throughout the show.
Additionally, Meghan Markle’s net worth has also benefitted from her considerable work in Film. She earned $177,000 for her role in Remember Me, $160,000 for her role in the short film, The Candidate, and $145,000 for her role in The Boys and Girls Guide to Getting Down. Finally, the Duchess also built her considerable net worth from sponsorship deals. She made about $80,000 per year from her endorsement deal with the Canadian brand, Reitmans, with whom she had two collections. She also made an estimated $77,000 from her lifestyle blog, The Tig, which she operated between 2014 and 2017.
Meghan Markle’s Net Worth after Marrying Prince Harry
Before their 2018 nuptials, Meghan Markle and Harry decided to forgo a prenuptial agreement and instead joined their resources together. This move gave the couple a combined net worth of $30 million, $5 million from Meghan and $25 million from Harry. We have already seen how Meghan made her fortune above. Now, let us examine how her husband achieved his net worth. Prince Harry earned his wealth from a variety of sources.
One of them is his late mother’s estate which fetches him about $450,000 each year. Another is an annual allowance from his father, courtesy of a fund known as The Duchy of Cornwall, which fetches him more than $2 million per annum. Additionally, Prince Harry also earned a living during his decade-long stint as a pilot in the British Army. According to Forbes estimates, the Duke made between $50,000 and $53,000 per annum meaning that he accumulated about half a million dollars during his time as a soldier.
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“After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution. We intend to step back as ‘senior’ members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen. It is with your encouragement, particularly over the last few years, that we feel prepared to make this adjustment. We now plan to balance our time between the United Kingdom and North America, continuing to honour our duty to The Queen, the Commonwealth, and our patronages. This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity. We look forward to sharing the full details of this exciting next step in due course, as we continue to collaborate with Her Majesty The Queen, The Prince of Wales, The Duke of Cambridge and all relevant parties. Until then, please accept our deepest thanks for your continued support.” – The Duke and Duchess of Sussex For more information, please visit sussexroyal.com (link in bio) Image © PA
Megan Markle’s Networth since Megxit
One crucial part of Megxit has been the financial implications involved. The Sussexes have revealed that they would not be dependent on public funds but would now make their own living. The royal family has also confirmed this whilst revealing that the duo is free to now pursue professional work.
This particular stipulation has major implications for Meghan Markle’s net worth as she had to shelve her burgeoning Hollywood career, and consequentially lost income, after getting married to Prince Harry. However, with this new dawn, the Suits star is now free to pursue her career and she is wasting no time at all. The California native has several irons in the fire including a 2020 Disney documentary on elephants which she narrated.
Even though it has emerged that Meghan would donate her fee for the narration to an animal charity, it goes without saying that she would be embarking on other paying jobs in the nearest future. Other potential projects for the Duchess include penning a cookbook as well as restarting her defunct lifestyle blog, The Tig. Between 2014 and 2017, Markle ran a widely-successful blog about a variety of topics including fashion, food, politics, and travel. She, however, had to shut down the blog following her engagement to Harry.