Cher Net Worth (Money & Salary)

What Is Cher’s Net Worth?

With a net worth of $360 million, Cher is an American singer, actress, and television personality. Regarded as a cultural icon, her career has spanned several decades, during which she has sold more than 100 million records, marking her as one of the world’s best-selling musical artists. Among her numerous accolades are a Grammy Award, an Emmy Award, an Academy Award, three Golden Globe Awards, and a Cannes Film Festival award. Cher’s contributions to music as part of the Sonny & Cher duo also earned her a spot on the Hollywood Walk of Fame.

Emerging as part of the groovy, drug-free music duo Sonny & Cher in the mid-60s, she gained immense popularity on television, co-starring in the renowned “Sonny & Cher Comedy Hour” and later hosting her own show, “Cher,” which continued into the ’70s. Cher established her presence in Las Vegas before debuting on the big screen. Her return to Hollywood was notably successful, landing her roles in high-profile films throughout the ’80s, such as “Silkwood,” “Mask,” “The Witches of Eastwick,” and “Moonstruck.” For her outstanding performance in “Moonstruck,” she won the Oscar for Best Actress. Almost immediately after, she achieved musical success again with her hit album, “Heart of Stone.” Cher stands out as the only artist ever to win an Oscar, a Grammy, an Emmy, a Golden Globe (with three wins), and a Best Actress award at Cannes, as well as being the only musical artist with a #1 song on the “Billboard” charts every decade for the past sixty years.

Early Life

Born Cherilyn Sarkisian on May 20, 1946, in El Centro, California, Cher’s parents, John Sarkisian and Georgia Holt (born Jackie Jean Crouch), divorced when she was just ten months old. Following the divorce, she moved frequently with her mother, residing in California, New York, and Texas. At the age of sixteen, Cher left school and relocated to Los Angeles, where she took acting classes and worked as a dancer in clubs to make ends meet.

Sonny & Cher

In 1962, Cher began her journey with performer Sonny Bono when she started working as his housekeeper. He introduced her to record producer Phil Spector, which led to her career as a backup singer. The duo developed a close friendship that blossomed into love and began performing together. In July 1965, they released their first single, “I Got You Babe,” as Sonny & Cher, which catapulted Cher to stardom.

Stardom

Their debut studio album, “Look at Us” (1965), positioned Sonny & Cher among the elite, achieving five songs in the “Billboard” Top 50 simultaneously—a milestone previously only reached by the Beatles and Elvis Presley. While successfully riding the wave with Sonny & Cher, Cher also thrived in her solo career. In 1964, she signed with Liberty Records’ Imperial imprint and released albums like “All I Really Want to Do” (1965), “The Sonny Side of Cher” (1966), and “Chér” (1966). Her 1966 single “Bang Bang (My Baby Shot Me Down)” marked her first solo million-seller.

As the popularity of Sonny & Cher waned, Cher’s solo career flourished. In 1969, she recorded “3614 Jackson Highway,” her first musical endeavor independent of Sonny’s guidance. Their popularity led to a television show, with “The Sonny & Cher Comedy Hour” premiering in 1971. After a highly publicized and contentious divorce finalized in 1975, Cher embarked on a truly solo career, securing a $2.5 million deal with Warner Bros. Records. She released the album “Stars” (1975), which initially faced criticism but has since developed a loyal following as a cult classic.

Cher

In 1975, she made her return to television with her own show titled “Cher,” and later professionally reunited with her former husband Sonny on “The Sonny and Cher Show,” which aired from 1976 to 1977. Her musical journey did not cease; she has produced over twenty studio albums. From 1980 to 1982, she held a residency in Las Vegas, earning an impressive $300 thousand weekly. In 2008, she started a three-year headline engagement at the Colosseum at Caesars, grossing roughly $180 million from the series.

Acting Career

Cher’s initial forays into acting included “Good Times” (1967), a project created with Sonny, and the film “Chastity” (1969), which he wrote, directed, and funded alongside her. Unfortunately, both endeavors failed to achieve success. In 1976, director Robert Altman cast her in the Broadway show “Come Back to the Five and Dime, Jimmy Dean,” a role she reprised in the 1982 film version of the same name. Cher attributes the start of her acting career to Altman and this pivotal opportunity. In 1985, she established her own film production company named Isis, continuing her acting career with films like “Mask” (1985), “The Witches of Eastwick” (1987), “Moonstruck” (1987), “Mermaids” (1990), “Tea with Mussolini” (1999), and “Burlesque” (2010). Furthermore, 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

Renowned for her fashion sensibility, Cher has featured in various advertising campaigns, including the Dsquared2 spring/summer campaign in February 2020. She has also introduced two fragrances: Cher Eau de Couture (2019) and Uninhibited (1987). During an era of health challenges in the early 1990s, she appeared in a series of infomercials due to an inability to work on other projects. It is estimated that her health, beauty, and diet product infomercials collectively earned her nearly $10 million.

Throughout her career, Cher has displayed significant philanthropic spirit, backing initiatives that benefit children, veterans, soldiers, and environmental causes. She has collaborated with Habitat for Humanity, and her personal charity, The Cher Charitable Foundation, supports international initiatives, including the Intrepid Fallen Heroes Fund, Operation Helmet, and the Children’s Craniofacial Association.

Personal Life

In 1969, Cher officially married Sonny Bono, shortly after welcoming their child, Chaz Bono (previously Chastity Bono), in March of that same year. By February 1974, Sonny initiated separation proceedings, stating “irreconcilable differences.” In response, Cher filed for divorce, alleging that he had withheld funds from her and denied her access to their shared income. This court dispute concerning finances and custody arrangements for their child concluded in June 1975.

While her divorce from Sonny was ongoing, Cher entered a relationship with record executive David Geffen. Just four days after finalizing her divorce from Sonny, Cher tied the knot with musician Gregg Allman, but filed for divorce just nine days later. They eventually reconciled and welcomed a son, Elijah Blue, in July 1976. Cher and Allman finalized their divorce in 1979. Among the notable individuals Cher has dated are Gene Simmons, Eric Stoltz, Tom Cruise, and Richie Sambora. Cher’s properties are valued at an estimated $100 million globally, with her Italian villa on the Malibu coastline valued between $50-70 million. Frequently recognized as a gay icon, Cher’s appeal extends well beyond a single demographic. A timeless figure in the entertainment world, she remains actively engaged in both philanthropic endeavors and her artistic pursuits.

Real Estate

Cher has possessed several extravagant and moderately lavish residences across the globe, particularly in the Los Angeles region. A prime example is the estate in Beverly Hills that she shared with Sonny Bono, which sold for $90 million in September 2016.

In 2006, she purchased a condo in the renowned Sierra Towers building in LA for $4.5 million. Cher and her designer transformed it into a space reminiscent of a Buddhist retreat. This condo boasts high ceilings, arched doorways, Bell Jar ceiling fixtures, and various “Eastern” accents. Spanning two stories, developers removed walls from the twelve-room setup to create spacious open-plan living areas across two expansive floors. A generous outdoor terrace enhances the ambiance with spectacular city views. Cher listed this property for sale in February 2015 and eventually sold it for $5.25 million. Prior to her ownership, David Geffen had also owned this unit at one point.

For the last three decades, Cher’s main residence has been an incredible Italian Renaissance-style mansion perched on cliffs in Malibu, overlooking the ocean. This 1.7-acre bluff property features a three-story main house with 13,000 square feet of space, a tennis court, a pool, and a guest house. Cher acquired the undeveloped land for $2.95 million in 1989, and it took five years to complete the construction, which was officially finished in 1999.

In August 2008, Cher initially put her Malibu mansion on the market for $45 million, just before the onset of the real estate crisis. By October 2022, she re-listed the property, this time at an impressive $85 million, which she later lowered to $75 million in March 2023.

Previously, Cher owned a bay-front residence in Key Biscayne, Florida, which she sold for $8.8 million in 2006. Additionally, she experienced a minor financial setback in 2019 when she sold her Beverly Hills property for $2.073 million.