Meghan Markles Net Worth Since Quitting The Royal Family Is Actually Higher Than You Think ·

13 Aug 2024, 00:00

Highlights

Meghan Markle's net worth spiked to $25 million after marrying into the royal family, thanks to a trust set up by Princess Diana for her son.
Harry and Meghan's combined net worth took a hit after their deal with Spotify dissolved, resulting in a loss of $20 million.
The couple signed a partnership deal with Netflix in 2020 for an estimated $100 million, with potential earnings reaching $150 million depending on project success.

While Meghan Markle was already well-known in the entertainment industry for her role as Rachel Zane in the comedy-drama Suits, the now 42-year-old’s career reached new heights after settling down with Prince Harry, whom she first met through a mutual friend in July 2016.

Two years later and the couple tied the knot in a lavish wedding ceremony held at St. George’s Chapel at Windsor Castle. But just months after tying the knot, Meghan felt targeted by the British press, which she believed was feeding the public with salacious and fabricated stories about her past life.

The mother of two was disturbed by online trolls who had branded her an opportunist because she chose to give up Frogmore Cottage (where she and Harry lived after their wedding), quit her position as a working royal, and move back to Los Angeles — with Harry, of course.

Harry and Meghan are no longer supporting King Charles III with their royal duties and have since relocated to Montecito, California. But just how much has Meghan made since leaving the UK?

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Update February 2024: After parting ways with Spotify in 2023, Meghan Markle has found a new home for the podcast, 'Archetypes'. That new home is Lemonada Media, the same platform on which Julia Louis-Dreyfus has her podcast, 'Wiser Than Me with Juila Louis-Dreyfus'. Details of how much the deal is worth were not released. However, as part of the deal, Markle will be developing new content for Lemonada Media in conjunction with 'Archetypes'. Any involvement Prince Harry will have in future projects was not disclosed.

Meghan Markle's Net Worth

Going From Being Worth $5 Million To Being Worth $25 Million

Before Meghan was married to Prince Harry, she had a net worth of $5 million. This was thanks to her acting career and her lifestyle blog, The Tig. However, when she married into the royal family, that figure spiked to $25 million, according to Celebrity Net Worth as a result of a trust set up by Princess Diana for her son.

Since getting married and inking several business deals together, the combined net worth of the two has grown to "$60 million."

This amount could have been larger had their deal with Spotify not dissolved. Some reports state that the Sussexes suffered a loss of $20 million. Others state that they kept a portion of the money from the deal.

Regardless of how much they lost in the deal, the two appear to be doing fine and working on more business ventures to continue to grow their wealth as well as their presence in the entertainment world.

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As of February 2024, Markle signed a deal with Lemonada Media. While the terms of the deal were not disclosed, the platform will be the new home of Markle's podcast, Archetypes as well as other content she is developing for Lemonada.

This will be sure to raise Markle's net worth in the future. Just how much remains to be seen, though.

Meghan Markle’s Net Worth Skyrockets Thanks To Spotify

The Spotify Deal Was Reportedly Worth Over $40 Million

When Harry and Meghan first moved to Los Angeles, they were offered a beautiful multi-million dollar mansion by Hollywood mogul Tyler Perry before the couple purchased their first home in Montecito, California for a whopping $14.65 million in August 2020.

That same month, it was revealed that the former actress and her hubby were looking to close on a lucrative business deal with Spotify which would see Harry and Meghan front their very own podcast with the streaming service.

It was reported the contract with Spotify was said to be worth close to $41 million for a multi-year deal.

“Meghan was the driving force behind it," an insider explained. "The initial multi-year deal is worth in excess of £30million with a view to extending it within six months."

It was further mentioned that once touring and live events returned following the coronavirus pandemic, Meghan and Harry could partake in live shows of their podcast for another hefty fee.

So, similar to paid public appearances, the couple could potentially end up taking their podcast on the road while earning more income from ticket sales.

“Live agents have been eyeing up Meghan and Harry’s new deal with great interest," the insider said. "They have been inundated with offers about the possibility of touring the podcast when the time is right."

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They went on to say, "The idea would be that the events would be very intimate, with tickets going for a premium. All the cash would go to charity at the beginning. Meghan and Harry would record them in front of a small audience.

Spotify, who their podcast deal is with, has been investing heavily in the live space in the market and want to start taking podcasts out on the road. Meghan and Harry’s is not just hugely high profile but potentially hugely lucrative."

Unfortunately, after just one podcast, Archetypes lasted just a season on Spotify and one Christmas special was released, the contract between the Sussexes and the streaming platform was terminated. This meant the money that Meghan and Prince Harry thought they would be getting over a several-year period was no longer to be. Estimates show that they lost minimally a portion of the $20 million in the deal.

Meghan Markle Signed A Lucrative Contract With Netflix

The Netflix Deal Was Worth An Estimated $100 Million

In September 2020, it was also revealed that Harry and Meghan had signed a partnership deal with Netflix to create original content for the media company for an estimated $100 million.

Other credible news outlets claim that the deal is much higher than that, claiming that the pair would actually earn $150 million, depending on the success of the projects they’re producing and creating for Netflix.

Fans of the royal family have been concerned about Meghan’s intentions to work with Netflix given that her and Harry’s ties with the Queen could be a conflict of interest.

Many people don’t believe that Netflix is offering lucrative deals because of Harry’s interesting views, but more so because of his connection to Buckingham Palace. Others still wonder if Netflix will follow suit after Spotify dumped the duo. To date, it appears the Netflix deal is solid.

Sources insist that the Duke and Duchess of Sussex won’t have any involvement in other shows on the streaming service, such as The Crown — Harry and Meghan will only be focusing their attention on the content they are planning to bring to Netflix.

"The Sussexes were more concerned and consumed about their own image and ideas rather than what else was being screened on Netflix," a source told The Sun.

"The subject of The Crown was brought up, but the service has always stood firm that they leave the editorial of that show to filmmakers Leftbank and show creator Peter Morgan and unless a legal matter, there is no interference."

The source concluded, saying, "The Duke And Duchess did not fight over this, which may be seen by some as odd given the next time period the show will cover."

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Meghan Markles Net Worth Since Quitting The Royal Family Is Actually Higher Than You Think

While Meghan Markle was already well-known in the entertainment industry for her role as Rachel Zane in the comedy-drama Suits, the now 42-year-olds career reached new heights after settling down with Prince Harry, whom she first met through a mutual friend in July 2016.