Miley Cyrus Net Worth (Money & Salary)

What is Miley Cyrus’ net worth?

With a net worth of $160 million, Miley Cyrus is a multifaceted American singer, songwriter, actress, and philanthropist. She began her career as a child actor/singer and has since evolved into a global sensation, embracing various musical styles 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, captivated audiences in the early 90s with his catchy country crossover hit, “Achy Breaky Heart.” He enjoyed a noteworthy career both in country music domestically and internationally, which he successfully extended to acting. Naturally, when he and his wife welcomed their first child, it was expected that she too would pursue a career in performance.

Nevertheless, Miley Cyrus surpassed her father’s achievements, emerging as the star of the incredibly popular Disney series “Hannah Montana.” This success paved the way for an array of profitable endeavors, including concert tours, clothing lines, spin-off films, merchandise, and more. Ultimately, Miley transitioned away from her “tween” image to forge a more mature career, culminating in the release of a studio album and a focus on films and other projects.

Early Life

Born on November 23, 1992, in Franklin, Tennessee, Destiny Hope Cyrus is the daughter of Tish Finley and country artist Billy Ray Cyrus. She was diagnosed with supraventricular tachycardia, a heart condition affecting her resting heart rate. Her parents chose the name Destiny Hope, inspired by their belief in her potential for greatness. Due to her constant smiling as a baby, they affectionately called her “Smiley,” which was later shortened to “Miley.” In 2008, she officially changed her name to Miley Ray Cyrus.

At the age of eight, in 2001, Cyrus relocated with her family to Toronto, Ontario, Canada, while her father worked on the television series “Doc.” After attending a production of “Mamma Mia!” that year, Cyrus expressed her passion for acting to her father, stating, “This is what I want to do, Daddy. I want to be an actress.” Subsequently, she began taking singing and acting lessons at the Armstrong Acting Studio in Toronto.

Career

Cyrus debuted in acting as Kylie in her father’s show “Doc.” In 2003, she received credit under her birth name for portraying “Young Ruthie” in Tim Burton’s film “Big Fish.” Eventually, Miley auditioned for and secured the lead role in a new Disney series centered on a typical girl leading a secret double life.

as a pop star, Miley Cyrus’s career took off with the remarkable success of the show “Hannah Montana,” which established her not only as an actress but also as a singer and songwriter. The soundtrack for “Hannah Montana” rapidly achieved the number one spot on the charts in 2006.

Cyrus entered into a four-album recording contract with Hollywood Records to produce music separate from the “Hannah Montana” soundtracks. In June 2007, she unveiled the two-disc album “Hannah Montana 2: Meet Miley Cyrus.” The initial disc served as the second soundtrack for the show, while the latter was Cyrus’ debut studio album. Miley’s subsequent album, “Breakout,” launched at number one in the U.S. Following that, her third studio album titled “Can’t Be Tamed” debuted in 2010, showcasing a more dance-centric style. With her fourth studio album, “Bangerz,” released in 2013, Cyrus experimented with a hip-hop-influenced sound. The year 2015 saw the release of her fifth album, “Miley Cyrus & Her Dead Petz,” followed by “Younger Now” in 2017, “She Is Miley Cyrus” in 2020, and “Endless Summer Vacation” in 2023. Her most popular singles encompass hits like “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball.”

Miley Cyrus has also played the role of a coach and mentor on the vocal competition show “The Voice.”

Personal Life

At the age of 14, Miley confided in her mother, expressing, “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open.” This was her declaration of pansexuality. Then, in June 2015, Time magazine reported that Cyrus, at 16 years old, identified as gender fluid, feeling no strong connection to either being a boy or a girl, indicating that her future partners could be either gender.

The Happy Hippie Foundation, which Cyrus established, is an organization dedicated to combating the injustices faced by homeless youth, LGBTQ individuals, and other at-risk populations.

In the summer of 2006, dating rumors started between Miley and Nick Jonas, leading to significant media coverage. Miley expressed that she was “in love” at that time, but by December 2007, their relationship had ended.

Cyrus also had a romantic involvement with model Justin Gaston, lasting for nine months in 2008 and 2009.

In 2009, while filming “The Last Song”, Cyrus and Liam Hemsworth started their relationship, which would last for a decade with ups and downs. During their breaks, Cyrus ventured into romances with actors Lucas Till and Josh Bowman. From May 2012 to September 2013, they were engaged. After their split, Cyrus dated Patrick Schwarzenegger, model Stella Maxwell, and comedian Dane Cook. The couple reconciled in March 2016 and became engaged once more in October 2016. By December 2018, Cyrus and Hemsworth exchanged vows, but just nine months later, in August 2019, Hemsworth initiated divorce proceedings.

The wildfires that struck Los Angeles County in the fall of 2018 resulted in the destruction of Miley Cyrus’ Malibu residence.

In October 2019, Cyrus announced her committed and “passionate” relationship with Australian singer Cody Simpson after years of friendship. However, they separated in August 2020.

Cyrus is candid about her use of cannabis for recreational purposes.

In 2020, Miley generously contributed $10 million to aid Coronavirus relief efforts.

Real Estate

Miley acquired a home in 2011 for $4 million, located in the hillside area above Studio City, California. This villa-like abode showcases hacienda-inspired architecture, swimming pool, and Tuscan-style fountains, complemented by a red-tiled roof. She described it to In Style magazine, stating, “Parts of it are really modern, but it’s mostly old Italian country.” Furthermore, a temperature-controlled wine room has been repurposed to house Billy Ray’s impressive guitar collection.

In 2017, she invested $5.8 million in a sprawling 30-acre ranch estate located in Nashville’s suburbs. After listing this property in August 2022, Miley achieved an impressive sale price of $14.6 million, yielding an $8 million profit without making significant alterations or renovations. Take a look at the video tour of her previous residence:

In November 2018, Cyrus took to social media to announce the devastating loss of her Malibu home, which she shared with Liam Hemsworth, that was destroyed in the Woolsey Fire. She expressed her sorrow for her community while also showing gratitude for the safety of herself, Hemsworth, and their pets. It’s worth noting that the property originally belonged to Liam, who purchased it in 2014 from singer-songwriter Matthew Wilder for $6.8 million. Interestingly,
“`In June 2020, Miley sold a different home in Malibu to Matthew Wilder for $1.7 million. Regrettably, she had bought 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 — precisely what she paid for it in 2015. The property spans five acres and features a 6,500 square foot house comprising seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. Additionally, it boasts a 550-vine vineyard, a 10-stall barn, a chicken coop, a riding arena, and two paddocks.

In July 2020, Miley acquired a new home in Hidden Hills for $5 million, spanning 7,000 square feet. She sold this property in July 2021 for $7.2 million. Below is an appearance of this home prior to Miley’s purchase: