Miley Cyrus Net Worth (Money & Salary)

Miley Cyrus’ net worth: What is it?

With a net worth of $160 million, Miley Cyrus stands out as an American singer, songwriter, actress, and philanthropist. Originating her career as a child actor/singer, she has since evolved into a global superstar, showcasing a diverse array of musical styles including pop, country pop, and hip hop.

Born as Destiny Hope Cyrus into a family entrenched in the entertainment industry, her father, Billy Ray Cyrus, won over America with the catchy country hit, “Achy Breaky Heart,” in the early 90s. He built a respectable career in country music both domestically and internationally, which he later translated into a successful acting career. Given this background, it was only natural for their first child to pursue a performance career.

Nonetheless, Miley Cyrus quickly overshadowed her father, becoming the star of the immensely popular Disney series, “Hannah Montana.” This success translated into multiple lucrative tours, clothing lines, spin-off movies, toys, and accessories, making her a financial powerhouse. When she opted to pivot away from her “tween” persona, she embarked on a more “adult” career by releasing an official studio album and focusing on film and other endeavors.

Early Life

Born on November 23, 1992, in Franklin, Tennessee, Destiny Hope Cyrus is the daughter of Tish Finley and country singer Billy Ray Cyrus. She came into the world with supraventricular tachycardia, a condition that affects heart rate. Her parents chose the name Destiny Hope, believing she would achieve great things, and affectionately called her “Smiley” during her baby years, a nickname which was later abbreviated to “Miley.” In 2008, she officially changed her name to Miley Ray Cyrus.

In 2001, at the age of eight, her family relocated to Toronto, Ontario, Canada, while her father filmed the series “Doc.” Following a trip to see a 2001 performance of “Mamma Mia!,” Cyrus expressed to her father, “This is what I want to do, Daddy. I want to be an actress.” This ambition led her to pursue acting and singing lessons at the Armstrong Acting Studio in Toronto.

Career

Cyrus made her acting debut by playing a character named Kylie in her father’s show, “Doc.” In 2003, she gained credit under her given name for portraying “Young Ruthie” in Tim Burton’s “Big Fish.” Eventually, Miley auditioned for and secured the lead role in a new Disney series centered around an ordinary girl with a secret identity.

As a pop star, Miley’s journey took off with the show “Hannah Montana,” which quickly became a sensation, advancing her career in both acting and music. In 2006, the “Hannah Montana” soundtrack soared to the top of the charts.

Miley Cyrus entered into a four-album recording agreement with Hollywood Records to produce music separate from the “Hannah Montana” soundtrack. In June 2007, she released the two-disc album “Hannah Montana 2: Meet Miley Cyrus,” comprising the second soundtrack for “Hannah Montana” on the first disc and marking her debut studio album on the second disc. Miley’s subsequent album, “Breakout,” achieved a number one debut in the U.S. Following that, her third studio album, “Can’t Be Tamed” in 2010, showcased a more dance-focused style. The fourth studio album, “Bangerz” in 2013, introduced a hip-hop flavor. Over the years, she released “Miley Cyrus & Her Dead Petz” in 2015, “Younger Now” in 2017, “She Is Miley Cyrus” in 2020, and “Endless Summer Vacation” in 2023. Among her most notable singles are “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball.”

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

Personal Life

At the age of 14, Miley approached 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.” She came out as pansexual. Later, in June 2015, Time magazine reported that Cyrus, then 16, identified as gender fluid, indicating a lack of identification with being strictly a boy or a girl, and stated that her future partners could be of any gender.

Founding the Happy Hippie Foundation, Cyrus advocates against injustice faced by homeless youth, LGBTQ individuals, and other at-risk groups.

Miley began dating Nick Jonas during the summer of 2006, garnering significant media attention. At that time, Miley expressed that she was “in love.” However, by December 2007, their relationship ended.

In 2008 and 2009, Cyrus was in a relationship with model Justin Gaston for a duration of nine months.

While filming “The Last Song” in 2009, Cyrus began a relationship with Liam Hemsworth that would span a decade, filled with ups and downs. During their breaks, she dated actors Lucas Till and Josh Bowman. Their engagement lasted from May 2012 until September 2013, after which Cyrus dated Patrick Schwarzenegger, model Stella Maxwell, and comedian Dane Cook. The couple reunited in March 2016, re-engaging in October 2016, and finally married in December 2018. However, nine months later, in August 2019, Hemsworth filed for divorce.

Cyrus lost her Malibu home to the wildfires that swept through Los Angeles County in the fall of 2018.

In October 2019, Cyrus and Cody Simpson, an Australian singer, announced their passionate relationship after years of friendship. The couple separated in August 2020.

She has been candid about her use of cannabis for recreational purposes.

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

Real Estate

Miley acquired a home in 2011 for $4 million, located in the hills above Studio City, California. This villa features hacienda-inspired architecture, red-tiled roofs, Tuscan fountains, and a swimming pool. She described it to In Style magazine as having a mix of modern and traditional Italian country elements. Notably, Billy Ray’s guitar collection is stored in a converted, temperature-controlled wine room.

In 2017, she purchased a 30-acre ranch estate in Nashville, Tennessee, for $5.8 million. This property was sold in August 2022 for an impressive $14.6 million, yielding an $8 million profit without any substantial renovations made. Here is a video tour of this previous residence:

In November 2018, Cyrus publicly shared that the Malibu home she had with Liam Hemsworth was destroyed in the Woolsey Fire, expressing her sadness for her community and gratitude for the safety of herself, Hemsworth, and their pets. Although technically owned by Liam, he had bought the property from singer-songwriter Matthew Wilder in 2014 for $6.8 million. It is interesting to note that, coincidentally,In June 2020, a different Malibu property was sold by Miley to Matthew Wilder for $1.7 million. This transaction unfortunately resulted in a loss of over $800,000, as Miley originally bought the property in 2016 for $2.5 million.

Miley sold her equestrian ranch in Hidden Hills in the spring of 2018 for $5 million, matching the amount she had invested in the property in 2015. The property is situated on five acres and features a 6,500 square foot residence that includes 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, which spans 7,000 square feet. She later sold this home in July 2021 for $7.2 million. Below is how the home looked before Miley took ownership: