Miley Cyrus Net Worth

Miley Cyrus’ Net Worth: A Look at the Singer’s Career and Finances

Early Life and Career Beginnings

Miley Cyrus, whose full name is Destiny Hope Cyrus, has amassed a substantial net worth of $160 million, a testament to her multifaceted career as an American singer, songwriter, actress, and philanthropist. Born into a show business family, she was destined for the spotlight. Her father, Billy Ray Cyrus, achieved immense success with his country crossover hit “Achy Breaky Heart” in the early 1990s, which paved the way for a successful acting career. Given her family background, it was almost inevitable that Miley would also pursue a career in entertainment.

Destiny Hope Cyrus was born on November 23, 1992, in Franklin, Tennessee, to Tish Finley and country singer Billy Ray Cyrus. She was born with supraventricular tachycardia, a condition causing an abnormal resting heart rate. Her parents named her Destiny Hope because they believed she would go on to do great things. They nicknamed her “Smiley” because she was always smiling as a baby. That was later shortened to “Miley.” She legally changed her name to Miley Ray Cyrus in 2008.

In 2001, when Cyrus was eight, she and her family moved to Toronto, Ontario, Canada, while her father filmed the television series “Doc.” After Billy Ray took her to see a 2001 production of “Mamma Mia!,” Cyrus grabbed his arm and told him, “This is what I want to do, Daddy. I want to be an actress.” She began singing and acting lessons at the Armstrong Acting Studio in Toronto.

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The “Hannah Montana” Phenomenon

Miley Cyrus’s breakthrough came with the Disney Channel series “Hannah Montana,” which premiered in 2006. In the show, she played a dual role – an average teenager by day and a famous pop star by night. The series was a massive success, catapulting Miley to teen idol status and generating a merchandising empire. The show’s popularity led to successful tours, clothing lines, spin-off movies, accessories, toys, and other ventures. The “Hannah Montana” soundtrack became a chart-topping hit, further solidifying her position in the entertainment industry.

Transitioning to a Solo Music Career

After the success of “Hannah Montana”, Cyrus began to transition from her “tween” roots to a more adult image and music career. She signed a four-album recording contract with Hollywood Records to release her non-“Hannah Montana” soundtrack music. In June 2007, she released the two-disc album “Hannah Montana 2: Meet Miley Cyrus”, the first disc being the second soundtrack for the show Hannah Montana, while the second disc was Cyrus’ debut studio album. “Breakout,” Miley’s follow-up album, debuted at number one in the U.S. Her third studio album, 2010’s “Can’t Be Tamed,” saw Cyrus exploring a more dance-oriented sound. Her fourth studio album, 2013’s “Bangerz,” had a hip-hop-influenced sound. Her fifth album, “Miley Cyrus & Her Dead Petz,” was released in 2015, “Younger Now” came out in 2017, “She Is Miley Cyrus” in 2020, and “Endless Summer Vacation” in 2023. Her most successful singles include “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball.”

(Photo by Jamie McCarthy/Getty Images)

Cyrus has also expanded her presence in the entertainment world beyond music and acting. She served as a coach and mentor on the popular reality singing competition “The Voice.”

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Personal Life and Relationships

Miley Cyrus is known for her open and evolving views on sexuality and identity. At the age of 14, she told her mother, “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open.” She has identified as pansexual. In June 2015, Time magazine reported that Cyrus was gender fluid, not relating to being a boy or a girl. She has also been involved in philanthropic efforts. She is the founder of the Happy Hippie Foundation, which supports homeless youth, LGBTQ members, and other vulnerable populations.

Cyrus’s romantic life has often been in the public eye. She dated Nick Jonas in 2006 and 2007. She also dated model Justin Gaston in 2008 and 2009. A significant relationship was with Liam Hemsworth, whom she met while filming “The Last Song” in 2009. They had an on-again, off-again relationship for a decade, getting engaged twice and marrying in December 2018 before divorcing in August 2019. During breaks from Hemsworth, Cyrus dated actors Lucas Till and Josh Bowman. She was also in relationships with Patrick Schwarzenegger, model Stella Maxwell, and Cody Simpson.

Cyrus has been open about her recreational use of cannabis.

In 2020, Miley donated $10 million to Coronavirus relief efforts.

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Real Estate Holdings

Miley Cyrus has invested in real estate over the years. In 2011, she purchased a home in the hills above Studio City, California, for $4 million. This property features hacienda-inspired architecture and a swimming pool. In 2017, she acquired a 30-acre ranch estate in Nashville, Tennessee, for $5.8 million, which she later sold in August 2022 for $14.6 million, generating a profit of $8 million.

In November 2018, the Malibu home she shared with Liam Hemsworth was destroyed in the Woolsey Fire. Liam had purchased this property in 2014. In June 2020, Miley sold a different Malibu home for a loss. In the spring of 2018, Miley sold her equestrian ranch in Hidden Hills for $5 million. In July 2020, she bought a new home in Hidden Hills for $5 million, selling it in July 2021 for $7.2 million.

Here is a video tour of this former home:

Here’s how this home appeared before Miley purchased it:

Miley Cyrus’ Net Worth Breakdown

Miley Cyrus’s impressive net worth of $160 million comes from a variety of sources:

• Music Royalties and Album Sales: Her numerous successful albums and singles have generated substantial revenue.
• Acting Career: Her roles in “Hannah Montana” and other films and television shows have contributed significantly to her earnings.
• Touring: Successful concert tours have been a major source of income.
• Merchandise: The “Hannah Montana” era and other ventures have generated significant income.
• Real Estate: Profitable real estate transactions have added to her wealth.

Conclusion

Miley Cyrus has successfully built a career that spans music, acting, and entrepreneurship, resulting in a substantial net worth. From her early days as a child star to her evolution into a global music icon, she has consistently adapted and expanded her creative and financial ventures. Her diverse portfolio of assets, including music royalties, real estate, and other investments, ensures her continued success and financial stability. Miley Cyrus’s story is an inspiring example of how talent, adaptability, and business acumen can lead to enduring success in the entertainment industry.