Invest in companies that align with your values and promote them on social media.
Meghan Markle, known for her role in the hit TV series Suits and as the Duchess of Sussex, has become a successful entrepreneur and investor. Since March 2021, when she and Prince Harry parted ways with the British Royal family, their net worth has soared from $50 million to $60 million, as reported by Celebrity Net Worth.
A significant part of this financial gain can be attributed to their lucrative content deal with Netflix, which includes various shows curated by Markle herself. Additionally, Markle has secured an $18 million podcast deal with Spotify, showcasing her influence and entrepreneurial acumen.
Markle’s investment strategy in female-led companies and products she values provides valuable lessons for business leaders. Here are three key takeaways:
1. Define your values.
Prior to making any investment or business decision, it is crucial to understand your core values. Markle’s passion for empowering female entrepreneurs is evident in her investment choices, demonstrating the importance of aligning investments with personal values.
2. Invest in companies that resonate with your interests.
After identifying your passions, seek out companies and products that align with your values. Markle’s investment in Cesta Collective, a brand specializing in handwoven bags, exemplifies this principle.
3. Leverage your platform to support your investments.
Utilize your social media presence to amplify the value of your investments. Markle’s promotion of Cesta Collective through social media channels resulted in a surge of interest in the brand, showcasing the impact of strategic promotion.
Markle’s collaboration with Cesta Collective has the potential to not only elevate the brand but also create opportunities for female artisans in developing countries, highlighting the transformative power of purposeful investments.
By embracing these principles, individuals with unique capabilities can drive meaningful growth and create lasting value for all stakeholders involved.
Vocabulary List:
- Entrepreneur /ˌɒn.trə.prəˈnɜːr/ (noun): A person who organizes and operates a business taking on financial risks in the hope of profit.
- Lucrative /ˈluː.krə.tɪv/ (adjective): Producing a great deal of profit.
- Acumen /ˈæk.jʊ.mən/ (noun): The ability to make good judgments and quick decisions typically in a particular domain.
- Resonate /ˈrɛz.ə.neɪt/ (verb): To evoke a feeling of shared emotion or belief.
- Amplify /ˈæmplɪfaɪ/ (verb): To increase the volume of sound or to make something more intense or significant.
- Stakeholders /ˈsteɪkˌhoʊldərz/ (noun): Those who have an interest in a company or organization including employees customers and investors.
How much do you know?
