Meghan Markle, the Duchess of Sussex, is poised to rake in millions from her latest business venture, an online storefront selling high-end fashion items, according to financial expert Maddy Alexander-Grout.
Alexander-Grout, a money and business coach, spoke with Daily Mail about the potential earnings from Meghan’s new online shop, which features luxury clothing and accessories. The expert suggests that Meghan could earn substantial commissions from the sales, significantly increasing her wealth.
A Lucrative Business Model
Alexander-Grout explained that Meghan’s online store could be a massive money-maker due to its commission-based sales structure. “She could potentially earn millions from this and is probably earning a commission on every sale she makes,” the expert said.
With a strong following of 2.6 million on Instagram, Alexander-Grout estimates that “thousands and thousands of people” will flock to Meghan’s curated store. She further illustrated the potential earnings, saying, “If she gets, say, 15 percent off a shirt that’s £128, she will be making £19.20. She will be selling thousands of those and could be making at least £19k from one linen shirt.”
With an audience eager to emulate her style, the expert noted that Meghan’s ability to generate significant income from this venture is undeniable. “Looking like Meghan and being like Meghan — she’s going to make a killing off people.”
Luxury Fashion Pieces Featured in Meghan’s Store
Launched on Monday, Meghan’s ShopMy storefront offers a range of luxury fashion pieces, including a £1,068 gown and £600 Saint Laurent sandals. The curated store aims to give Meghan’s followers the chance to purchase items inspired by her own style, creating a personal connection between the Duchess and her audience.
In her announcement post on Instagram, Meghan wrote, “Many of you have asked, so here you go! A little shopping to start the week.”
Commission on Sales
The storefront includes a disclaimer that some of the products feature commissionable links, meaning Meghan earns a percentage of the sales made through those links. This business model could lead to significant earnings as shoppers buy items directly through the links provided.
A New Chapter for Meghan Post-Royal Life
This latest business venture marks a new chapter for Meghan, who stepped down from royal duties in 2020. Her departure from the royal family was largely driven by the monarchy’s refusal to allow her and Prince Harry to pursue commercial endorsements. Since stepping away from royal responsibilities, Meghan and Harry have focused on a variety of entrepreneurial ventures, with Meghan’s online storefront being the latest.
With a strong following, a well-established brand, and a clear path to profitability, Meghan’s online business is shaping up to be a lucrative success. It remains to be seen how much this new venture will contribute to her wealth, but experts are confident it will be a significant source of income for the Duchess of Sussex.
