Penny Marshall Net Worth

What is Penny Marshall’s Net Worth?

Net Worth:
$45 Million
Birth: Oct 15, 1943 – Dec 18, 2018
Age: 75
Height: 1.68 m (5 ft 6 in)
Source of Wealth: Actor, Film director, Television Director
Nationality: USA
Instagram: None
Last updated: 2023


Penny Marshall was an American actress, director, and producer who had a distinguished career in Hollywood. Her career started in the 1970s with her appearances in television series and films, but she is best known as one of the most successful female directors of all time. She has won various awards for her work, which includes the popular film “A League of Their Own” in 1992. In this article, we will explore Penny Marshall’s net worth and how she spent her money throughout her life.

Early Life

Penny Marshall was born Carole Penny Marshall on October 15, 1943, in The Bronx, New York City. She was the daughter of Marjorie Irene, a tap dance teacher who ran a dance school, and Anthony Wallace Marshall, a director and producer of industrial films and later a producer of TV commercials. Marshall grew up in a showbiz family, with her brother Garry Marshall becoming a phenomenal TV and film director in his own right.

Marshall attended the University of New Mexico, but she dropped out after 2 years to pursue acting in New York City. She made her acting debut in the TV series “The Odd Couple” in 1971 and went on to appear in other TV shows such as “Love, American Style”, “That Girl”, and “The Mary Tyler Moore Show”.

Career as an Actor

Penny Marshall at the 14th Annual Path To Erase MS Gala at the Hyatt Regency Century Plaza in Los Angeles
Penny Marshall at the 14th Annual Path To Erase MS Gala at the Hyatt Regency Century Plaza in Los Angeles – Photo 24001244 © Featureflash |

Marshall’s acting career spanned over two decades. She appeared in several television shows such as “The Bob Newhart Show” and “Laverne & Shirley”, which aired from 1976 to 1983. Marshall’s role as Laverne DeFazio in “Laverne & Shirley” catapulted her to superstardom, and she became one of America’s most beloved actresses of the 70s and 80s.

In the late 1980s and early 1990s, Marshall turned her focus towards directing. She directed episodes of different TV series, including “Laverne & Shirley”, “The Tracey Ullman Show,” and “According to Jim”. She also directed a number of feature films such as “Jumpin’ Jack Flash” (1986) and “Big” (1988).

Career as a Director

Penny Marshall is considered to be one of the most influential female directors in Hollywood. Her most notable work as a filmmaker includes the critically acclaimed movies “Awakenings” and “A League of Their Own”. “A League of Their Own” is perhaps the most well-known film directed by Penny Marshall. The film was set in the early 1940s and was based on the real-life story of the All-American Girls Professional Baseball League. It starred Tom Hanks, Geena Davis, and Madonna, and became a major success at the box office.

Marshall’s other notable directing credits include “Riding in Cars With Boys” (2001) starring Drew Barrymore, and “The Preacher’s Wife” (1996) starring Denzel Washington and Whitney Houston. She also directed an episode of “United States of Tara” in 2010.

Net Worth and salary

Penny Marshall was an American actress, producer, and director. When she died in 2018, she was worth $45 Million. Penny first appeared in small TV roles before she became famous for her role as Laverne DeFazio on the 70s TV show “Laverne & Shirley”. Her brother Garry created the show, and Cindy Williams starred as her roommate and co-worker, Shirley Feeney. The show was set in a made-up brewery in Milwaukee called Shotz Brewery, where they worked as bottle-cappers. These characters were introduced in another popular show from the 70s called Happy Days.

Penny later became a director and worked on successful movies like “Big” and “A League of Their Own” starring Tom Hanks. “Big” was a huge hit and made over $100 million, making Penny the first female director to achieve this. She also directed movies like “Jumpin’ Jack Flash,” “Renaissance Man,” and “Riding in Cars with Boys.”

Personal Life

Penny Marshall was married twice in her life. After her divorce from her first husband Michael, Marshall married actor and director Rob Reiner five years later. Reiner then adopted her daughter Tracy and they remained married until 1981. Marshall briefly dated singer Art Garfunkel in the mid-1980s. Unfortunately, in 2010, Marshall was diagnosed with lung cancer but thankfully recovered a couple of years later. She then wrote and published a memoir called “My Mother Was Nuts”.

In December 2018, Marshall passed away in Los Angeles due to heart failure. Many Hollywood figures, including her former husband Rob Reiner and her former colleagues Ron Howard and Cindy Williams, paid tribute to her. She was buried at Forest Lawn Memorial Park in Hollywood Hills and her headstone bears an “L” to symbolize her famous Laverne character.

How Did She Spend Her Money?

Throughout her successful career, Penny Marshall amassed a considerable fortune. However, she was not one to spend her money frivolously. Despite having a net worth of millions of dollars, Marshall continued to live a relatively modest lifestyle as she considered material possessions as not particularly important.

Marshall was known for her charitable contributions, particularly to the Tracy Reiner Performing Arts Program, which was established in memory of her granddaughter Tracy Reiner, who died in 2014. She also contributed to the Open Fist Theatre Company in Los Angeles and had donated to the Children’s Hospital Los Angeles in the past.

Frequently Asked Questions About Penny Marshall

What is Penny Marshall’s net worth?

Penny Marshall had a net worth of $45 Million at the time of her death in 2018.

What was Marshall’s most successful movie

Marshall’s most successful movie was “A League of Their Own” (1992), which starred Tom Hanks, Geena Davis, and Madonna.

Did Marshall ever get remarried?

No, Marshall did not remarry after her second divorce with Rob Reiner.

What kind of charitable contributions did Marshall make?

Marshall made contributions to the Tracy Reiner Performing Arts Program, the Open Fist Theatre Company in Los Angeles, and the Children’s Hospital Los Angeles.

What was Marshall’s most memorable role as an actor?

Marshall’s most memorable role as an actor was as Laverne DeFazio in the television series “Laverne & Shirley”.

How tall is Penny Marshall?

Penny Marshall is approximately 5 ft 6 in (1.68 m) tall.

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