Miley Cyrus Net Worth (Money & Salary)

What is Miley Cyrus’ net worth?

With a net worth calculated at $160 million, Miley Cyrus stands as an American singer, songwriter, actress, and philanthropist. Initially beginning her career as a child actor/singer, she evolved into a worldwide sensation, with her music encompassing various genres such as pop, country pop, and hip hop.

Born Destiny Hope Cyrus, she hails from a family entrenched in the entertainment industry. Her father, Billy Ray Cyrus, won the hearts of Americans in the early 90s with his catchy country hit “Achy Breaky Heart.” He achieved significant success within the country music scene in both the United States and internationally, and he transitioned into a flourishing acting career. Given this backdrop, it was expected that his daughter would follow in his footsteps as a performer.

Nevertheless, Miley Cyrus eventually surpassed her father’s fame, starring in the extraordinarily popular Disney series “Hannah Montana,” which paved the way for an array of profitable tours, clothing lines, spin-off movies, merchandise, and beyond. Cyrus transformed into a lucrative brand, and upon deciding to transition from her “tween” image, she embraced a more “adult” career by releasing an official studio album and redirecting her efforts towards movies and various other projects.

Early Life

On November 23, 1992, Destiny Hope Cyrus was born in Franklin, Tennessee, to Tish Finley and country singer Billy Ray Cyrus. She was diagnosed with supraventricular tachycardia, a condition affecting her heart rate. Her parents named her Destiny Hope, harboring hopes that she would achieve great accomplishments. As a baby, her perpetual smile earned her the nickname “Smiley,” which was later shortened to “Miley.” In 2008, she legally changed her name to Miley Ray Cyrus.

When Cyrus was eight years old in 2001, her family relocated to Toronto, Ontario, Canada, for her father’s role in the television series “Doc.” Following a viewing of the 2001 production of “Mamma Mia!”, Miley expressed her passion for acting by telling her father, “This is what I want to do, Daddy. I want to be an actress.” Consequently, she began taking singing and acting lessons at the Armstrong Acting Studio in Toronto.

Career

Miley’s first acting role was playing a character named Kylie in her father’s show “Doc.” In 2003, she received credit under her birth name for the role of “Young Ruthie” in Tim Burton’s film “Big Fish.” She later auditioned for and won the lead role in a new Disney series centered around an average girl with a secret identity.“`html

As a pop star, Miley’s journey began with the show “Hannah Montana,” which quickly became a phenomenon. This series not only launched Miley’s career as an actress but also established her as a singer and songwriter. In 2006, the soundtrack for “Hannah Montana” soared to the top of the charts.

A recording contract for four albums with Hollywood Records was signed by Cyrus, enabling her to release music beyond the “Hannah Montana” soundtrack. In June 2007, she released the two-disc album “Hannah Montana 2: Meet Miley Cyrus.” The first disc served as the second soundtrack for the show, while the second disc marked Cyrus’ debut studio album. Following this, Miley’s album “Breakout” debuted at number one in the U.S. Her third studio album, “Can’t Be Tamed” from 2010, introduced a more dance-oriented sound. The fourth studio album, “Bangerz,” released in 2013, showcased a hip-hop influence. In 2015, her fifth album, “Miley Cyrus & Her Dead Petz,” was released, followed by “Younger Now” in 2017, “She Is Miley Cyrus” in 2020, and “Endless Summer Vacation” in 2023. Notable singles include “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball.”

Additionally, Miley Cyrus has taken on the roles of coach and mentor on the reality singing competition “The Voice.”

Personal Life

At 14 years old, Miley approached her mother, stating: “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open.” She identified as pansexual. By June 2015, Time magazine reported that Cyrus, at the age of 16, identified as gender fluid, explaining that she didn’t feel connected to being strictly a boy or a girl, and that her future partners could be either gender.

As the founder of the Happy Hippie Foundation, Cyrus aims to combat injustice faced by homeless youth, LGBTQ individuals, and other marginalized groups.

Miley dated Nick Jonas in the summer of 2006, a relationship that garnered significant media attention. At that time, Miley claimed to be “in love.” However, by December 2007, the relationship between Cyrus and Jonas had ended.

From 2008 to 2009, Cyrus was in a nine-month relationship with model Justin Gaston.

While filming “The Last Song” in 2009, Cyrus and Liam Hemsworth started their tumultuous on-again/off-again romance lasting a decade. During their breaks, Cyrus also dated actors Lucas Till and Josh Bowman. From May 2012 until September 2013, the couple was engaged. After their breakup, Cyrus was linked with Patrick Schwarzenegger, model Stella Maxwell, and Dane Cook. Reuniting in March 2016, Cyrus and Hemsworth became engaged again in October of that year, eventually marrying in December 2018. However, in August 2019, Hemsworth filed for divorce just nine months after their wedding.

The fall wildfires in 2018 tragically destroyed Miley Cyrus’ Malibu home.

Announcing their relationship in October 2019, Cyrus and Australian singer Cody Simpson declared they were committed and “passionate” after several years of friendship. However, the couple parted ways in August 2020.

Miley is candid about her recreational use of cannabis.

In 2020, she generously donated $10 million towards Coronavirus relief efforts.

Real Estate

Miley acquired a home in the hills above Studio City, California, for $4 million in 2011. This villa showcases hacienda-inspired design, features Tuscan-style fountains, and boasts a red-tiled roof along with a swimming pool. Miley mentioned to In Style magazine, “Parts of it are really modern, but it’s mostly old Italian country.” A converted wine room houses Billy Ray’s guitar collection, kept at a controlled temperature.

In 2017, she purchased a 30-acre ranch estate for $5.8 million in the Nashville suburbs, which she sold in August 2022 for an impressive $14.6 million, earning approximately an $8 million profit without making any significant renovations. Here’s a video tour of this previous residence:

In November 2018, Cyrus took to social media to share the tragic news that the Malibu home she shared with Liam Hemsworth had succumbed to the Woolsey Fire, expressing her heartbreak for her community and her gratitude for the safety of Hemsworth, herself, and their pets. It’s worth noting that Liam was the official owner of this property, having purchased it from singer/songwriter Matthew Wilder in 2014 for $6.8 million. Coincidentally,
“`In June 2020, Miley sold a Malibu home to Matthew Wilder for $1.7 million, even though she had acquired the property for $2.5 million in 2016, resulting in a loss exceeding $800,000.

During the spring of 2018, Miley sold her equestrian ranch located in Hidden Hills for $5 million, which was precisely the amount she invested in the property back in 2015. This residence occupies five acres and features a spacious 6,500 square foot layout that includes seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. Additionally, the property is equipped with a vineyard consisting of 550 vines, a 10-stall barn, a chicken coop, a riding arena, and two paddocks.

In July 2020, Miley purchased a new 7,000-square-foot home in Hidden Hills for $5 million. She later sold this property in July 2021 for $7.2 million. Below is how the home looked prior to Miley’s acquisition: