Cher Net Worth (Money & Salary)

What Is Cher’s Net Worth?

With a net worth of $360 million, Cher is a renowned American singer, actress, and television personality. She is celebrated as a cultural icon, having enjoyed a career that has spanned several decades. To this day, more than 100 million records have been sold by her, positioning her among the best-selling musical artists globally. Cher’s impressive accolades include winning a Grammy Award, an Emmy Award, an Academy Award, three Golden Globe Awards, and a Cannes Film Festival award. Her contributions to music as part of the Sonny & Cher duo have also earned her a spot on the Hollywood Walk of Fame.

Initially making a name for herself in the mid-60s as part of the popular, drug-free music duo Sonny & Cher, she transitioned into television fame through the widely popular “Sonny & Cher Comedy Hour” and later her own show, “Cher,” in the 1970s. Subsequently, she became a Las Vegas sensation before making her highly successful return to the big screen in Hollywood. Throughout the 1980s, she starred in several notable films such as “Silkwood,” “Mask,” “The Witches of Eastwick,” and “Moonstruck,” for which she won the Oscar for Best Actress. Almost immediately after, she took the music charts by storm with her hit album, “Heart of Stone.” Cher uniquely holds the distinction of being the only artist to have received an Oscar, a Grammy, an Emmy, three Golden Globes, and a Best Actress award at Cannes, alongside being the only musical artist to have a #1 song on the “Billboard” charts every decade for the past sixty years.

Early Life

Cher, whose full name is Cherilyn Sarkisian, was born on May 20, 1946, in El Centro, California. Following the divorce of her parents, John Sarkisian and Georgia Holt (born Jackie Jean Crouch), when she was just ten months old, she lived in various places with her mother, including California, New York, and Texas. At the age of sixteen, she left school, moving to Los Angeles to take acting classes and support herself by dancing in clubs.

Sonny & Cher

In 1962, Cher met Sonny Bono while working as his housekeeper. He introduced her to record producer Phil Spector, leading to her work as a backup singer. Their friendship blossomed into love, and they began performing together. Their debut single as the duo Sonny & Cher, “I Got You Babe,” released in July 1965, marked the start of Cher’s rise to stardom.

Stardom

With their first studio album, “Look at Us” (1965), Sonny & Cher achieved incredible success, landing five songs in the “Billboard” Top 50 at the same time—a record previously held only by the Beatles and Elvis Presley. While riding the wave of success alongside Sonny & Cher, Cher also pursued a solo career, signing with Liberty Records’ Imperial label in 1964 and releasing several albums, including “All I Really Want to Do” (1965), “The Sonny Side of Cher” (1966), and “Chér” (1966). Notably, her 1966 single “Bang Bang (My Baby Shot Me Down)” became her first solo success to sell a million copies.

As Sonny & Cher began to fade from the spotlight, Cher’s solo career flourished. Her 1969 album “3614 Jackson Highway” was her first project created without Sonny’s involvement. With the duo receiving their own television show, “The Sonny & Cher Comedy Hour” premiered in 1971. After the contentious divorce, finalized in 1975, Cher launched a fully independent solo career and signed a $2.5 million contract with Warner Bros. Records to produce the album “Stars,” though it did not achieve critical or commercial success.

(1975), which has since achieved cult classic status.

In 1975, Cher made her return to television with her own show titled “Cher,” and eventually, she collaborated again with her ex-husband Sonny in a professional capacity on “The Sonny and Cher Show” (1976-1977). She has consistently produced music and has released more than twenty studio albums. From 1980 to 1982, she enjoyed a residency in Las Vegas that earned her $300 thousand weekly. Starting in 2008, she headlined for three years at the Colosseum at Caesars and reportedly amassed $180 million from that series.

Acting Career

Cher’s initial forays into acting included “Good Times” (1967), which she produced with Sonny, and the film “Chastity” (1969), a project written and directed by Sonny, funded by the couple, but neither achieved success. In 1976, she was cast by director Robert Altman in the Broadway production “Come Back to the Five and Dime, Jimmy Dean,” and she reprised this role for the 1982 film adaptation. Cher attributes her career launch to Altman and this opportunity. In 1985, she founded her own film production company, Isis, and went on to star in films like “Mask” (1985), “The Witches of Eastwick” (1987), “Moonstruck” (1987), “Mermaids” (1990), “Tea with Mussolini” (1999), and “Burlesque” (2010). Additionally, she portrayed Ruby Sheridan in “Mama Mia! Here We Go Again” (2018) and provided her voice for characters in “Zookeeper” (2011) and “Bobbleheads: The Movie” (2020).

Other Projects

Recognized for her distinctive style, Cher has featured in numerous fashion campaigns, including the Dsquared2 spring/summer advertising campaign from February 2020. She has also introduced two fragrances, Cher Eau de Couture (2019) and Uninhibited (1987). During a time of health challenges in the early 1990s, Cher appeared in several infomercials due to an inability to engage in other projects. Her various health, beauty, and diet product infomercials reportedly generated an estimated $10 million.

Throughout her career, Cher has actively engaged in philanthropy, supporting initiatives aimed at helping children, soldiers, veterans, and environmental causes. She has worked with Habitat for Humanity, and her personal charity, The Cher Charitable Foundation, backs international projects such as the Intrepid Fallen Heroes Fund, Operation Helmet, and the Children’s Craniofacial Association.

Personal Life

In 1969, Cher officially married Sonny Bono, soon after the arrival of their child, Chaz Bono (originally named Chastity Bono), born in March of that same year. In February 1974, Sonny sought separation, citing “irreconcilable differences.” Cher responded with a divorce petition, alleging he withheld money from her and denied her access to their shared earnings. Their contentious court battle over finances and child custody concluded in June 1975.

While going through her divorce from Sonny, Cher became involved with record executive David Geffen. Remarkably, just four days after her divorce from Sonny was finalized, she wed musician Gregg Allman, only to file for divorce again just nine days later. However, they managed to reconcile and welcomed their son, Elijah Blue, in July 1976. The couple ultimately divorced in 1979. Among other notable figures that Cher has dated are Gene Simmons, Eric Stoltz, Tom Cruise, and Richie Sambora. Cher possesses properties globally, collectively valued at around $100 million, including an Italian villa on the Malibu coast, estimated to be worth between $50-70 million. Often regarded as a gay icon, her fan base undoubtedly extends well beyond any single group. Cher remains a timeless celebrity, actively engaging in both philanthropic and entertainment endeavors.

Real Estate

Cher has possessed various extravagant and modest homes across the globe, particularly in the Los Angeles area. For instance, the Beverly Hills estate she once occupied with Sonny Bono was sold in September 2016 for $90 million.

In 2006, Cher acquired a condo in the renowned Sierra Towers building in LA for $4.5 million. This unit underwent remodeling by her and her designer to resemble a Buddhist paradise. It showcases high ceilings, arched entryways, Bell Jar ceiling fixtures, and several “Eastern” design elements. The two-story condo had its twelve-room layout transformed into two expansive open-plan levels—all walls were removed. Additionally, it features a large outdoor terrace that offers stunning city views. Cher listed this property for sale in February 2015 and ultimately sold it for $5.25 million. Prior to Cher’s ownership, the unit was once owned by David Geffen.

For the most part of the last thirty years, Cher has resided in an extravagant Italian Renaissance-style mansion perched on a cliff in Malibu, overlooking the ocean. The 1.7-acre bluff-top estate consists of a three-story main house with 13,000 square feet, a tennis court, a pool, and a guest house. She purchased the undeveloped land for $2.95 million in 1989, and it took five years for construction to wrap up, officially completing in 1999.

In August 2008, Cher initially put her Malibu mansion on the market for $45 million, just prior to the onset of the real estate crisis. Fast forward to October 2022, and she offered the property again, this time at a striking $85 million, later reducing the asking price to $75 million in March 2023.

Previously, Cher owned a bay-front residence in Key Biscayne, Florida, which was sold for $8.8 million in 2006. Additionally, in 2019, she faced a minor loss on her Beverly Hills property, selling it for $2.073 million.