Penny Marshall Net Worth At Death – Salary, Income, Earnings

Penny Marshall Net Worth At Death

Penny Marshall had an estimated net worth of $45 Million at death. She became a successful film director after starring in the sitcom ‘Laverne and Shirley.’ Her works include ‘Big’ and ‘A League of Their Own.’ She earned the majority of her income from movies and TV shows.

Penny Marshall spent her early years on the sitcom Laverne and Shirley as Laverne. Marshall’s friend, Whoopi Goldberg, persuaded her to pursue a career in directing in 1985, beginning with the film Jumpin’ Jack Flash. The film was not a box office success, but it launched Marshall’s career. She went on to direct Big, Awakenings, A League of Their Own, and Riding in Cars With Boys, among other films.

To calculate the net worth of Penny Marshall, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.

Here’s the breakdown of her net worth:

Name: Penny Marshall
Net Worth: $45 Million
Monthly Salary: $200 Thousand+
Annual Income: $3 Million+
Source of Wealth: Actress, Film director, Film Producer, Television Director, Television producer

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Early Life

Carole Penny Marshall was born in New York City on October 15, 1943, and grew up in the Bronx with her parents, Tony Marshall, a director and producer, and Marjorie Marshall, a dance teacher. Before Penny was born, her Italian-American father changed the family’s surname from Marsciarelli to Marshall. Penny had two siblings, Garry, her older brother, and Ronny, whom she would later follow into show business.

Marshall “wanted to get out” after spending her entire childhood in the Bronx and graduating from Walton High School in 1960. “I didn’t mind where,” she explained. She moved west to study math and psychology at the University of New Mexico, where she enlisted the help of friends and teachers to help her lose her thick Bronx accent. “Obviously, they failed,” she later remarked in her trademark New York cadence.

She met a campus football player named Michael Henry and became pregnant with their daughter, Tracy, while in college. She got married and dropped out of school. Marshall supported her young family by working as a tap dancer and secretary, but when her marriage ended a few years later, she decided to relocate to Los Angeles to try her luck in show business. While there, she reconnected with her brother Garry, a comedy writer, and her sister Ronny Hallin, a casting director and producer.

Early TV Roles

At first, it was a bumpy ride. Her few television commercials focused on her less-than-glamorous appearance, with her serving as the “before” in before-and-after ads for allegedly transformative beauty products. Marshall landed a recurring role as secretary Myrna Turner on The Odd Couple, a show her brother wrote, in 1971, after several years in Los Angeles. Marshall made two appearances on The Mary Tyler Moore Show before landing a larger role on Happy Days, another of her brother’s shows. Marshall co-starred with Cindy Williams in the roles of Laverne DeFazio and Shirley Feeney, Fonzie’s double dates. Garry Marshall created a spin-off series based on the wisecracking women after audiences responded so positively to them.

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‘Laverne and Shirley’

From 1976 to 1983, Laverne and Shirley, a sitcom about the lives of two women working in a Milwaukee brewery, was a big hit with audiences. It was also a family affair. Aside from the obvious roles of Garry and Penny (who directed some episodes as well as starring in them), mom Marjorie wrote music for the show, and dad Tony played Penny’s brewery boss, Mr. Shotz. “The Marshall family business works because the Marshalls are a family in business together,” explained sister Ronny Hallin of the family’s successful collaborations. “We each compensate for the weaknesses of the others.”

Marshall married actor and director Rob Reiner when he was 23 and she was 27 in 1971. The marriage was on the rocks when Reiner’s role as Meathead on All in the Family ended while Marshall’s success on Laverne and Shirley continued to grow. In 1979, the couple divorced. When Laverne and Shirley ended in 1983, Marshall’s career was also tested. Marshall discovered that there were few good roles that followed.

Behind the Camera

Marshall’s friend Whoopi Goldberg persuaded her to take over as director for the film Jumpin’ Jack Flash in 1985. Though the film was not a box office success, it did launch Marshall’s successful new chapter in his career: directing.

Marshall became the first female director to earn more than $100 million at the box office with her next film, the Tom Hanks smash Big (1988).

Her next film, Awakenings, was nominated for an Academy Award for Best Picture in 1991. Marshall did not win the award, but her reputation as a director grew.

Her crowd-pleasing 1992 film, A League of Their Own, starring Geena Davis, Rosie O’Donnell, and Madonna as players in a short-lived women’s professional baseball league, also grossed over $100 million, making Marshall the first woman to have two such blockbusters to her name. Marshall’s films have a tendency to tug at the heartstrings, which some critics dismiss as corny emotional manipulation. Marshall makes no apologies. “I like corny,” she admitted. “I enjoy what moves me.”

Marshall shifted her focus after directing Drew Barrymore’s 2001 film Riding in Cars With Boys to producing and acting in cameo roles. She is an avid sports memorabilia collector and owns season tickets to both of Los Angeles’ professional basketball teams, the celebrity-laden Lakers and the less-glamorous Clippers.

Marshall’s agent denied reports that he was battling cancer in 2009. Despite multiple tabloid reports that her health was failing, she remained silent about her alleged illness. Her personal struggle with cancer was later revealed to be one of the many topics covered in her new memoir. The book, titled My Mother Is Nuts, was released in the fall of 2012.


Marshall died of diabetes complications on December 17, 2018, at her Hollywood Hills home in California.

Further Reading

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