Net Worth Ranker
What Is Miley Cyrus’ Net Worth?
Miley Cyrus, an accomplished American singer, songwriter, actress, and philanthropist, has accumulated a substantial net worth of $160 million. This impressive figure reflects her diverse and successful career, spanning music, television, and film.
Early Life and Career Beginnings
Born Destiny Hope Cyrus on November 23, 1992, in Franklin, Tennessee, Miley’s journey into the entertainment industry began early. Her father, Billy Ray Cyrus, achieved significant success with his hit song “Achy Breaky Heart” in the early 1990s, paving the way for a career in country music and acting. 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.
Cyrus’s initial foray into acting included a minor role in her father’s television series “Doc.” In 2003, she appeared as “Young Ruthie” in Tim Burton’s “Big Fish,” credited under her birth name. This laid the groundwork for her breakout role in the Disney Channel’s “Hannah Montana.”
At a young age, Miley secured the lead role in “Hannah Montana,” a show centered around an average girl leading a double life as a pop star. The show’s immense popularity propelled her into the spotlight as both an actress and a singer. The “Hannah Montana” soundtrack reached the number one spot on the charts in 2006, marking a significant milestone in her career. Following the success of Hannah Montana, Cyrus signed a four-album recording contract with Hollywood Records to release her music separate from the Hannah Montana soundtrack.
Music Career and Album Sales
Miley Cyrus has established a successful music career, marked by several hit albums and singles. Her debut album, which was the second disc of the two-disc album “Hannah Montana 2: Meet Miley Cyrus”, was released in June 2007. The first disc was 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. Subsequent albums, including “Can’t Be Tamed” (2010), “Bangerz” (2013), “Miley Cyrus & Her Dead Petz” (2015), “Younger Now” (2017), “She Is Miley Cyrus” (2020), and “Endless Summer Vacation” (2023), showcase her versatility and evolution as an artist.
Notably, “Bangerz” showcased a hip-hop-influenced sound, demonstrating her willingness to experiment with different genres. Her hit singles, such as “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball,” have achieved commercial success, contributing significantly to her overall earnings. The Climb was certified 7x Platinum by the RIAA, representing 7,000,000 units sold.
Her contributions extend beyond solo performances, as she has also served as a coach and mentor on the reality singing competition “The Voice”. In 2020, she released “She Is Miley Cyrus”. In March 2023, Cyrus released her eight studio album “Endless Summer Vacation,” with the lead single “Flowers” breaking several records. “Flowers” became her second number-one single in the US Billboard Hot 100, and it broke the record for the most-streamed song in a single week on Spotify, with over 100 million streams. In the United Kingdom, “Flowers” spent 10 consecutive weeks at number one, becoming the longest-running number-one single of the 2020s.
Real Estate Portfolio
Miley Cyrus has invested in several real estate properties throughout her career. In 2011, she purchased a home in Studio City, California, for $4 million. This villa-style residence features hacienda-inspired architecture, Tuscan-like fountains, and a red-tiled roof.
In 2017, she expanded her real estate holdings with a 30-acre ranch estate in Nashville, Tennessee, acquired for $5.8 million. She sold this property in August 2022 for $14.6 million, an impressive $8 million profit after reportedly not making any substantial changes or renovations.
Unfortunately, in November 2018, the Malibu home she shared with Liam Hemsworth was destroyed by the Woolsey Fire. This property was owned by Liam, who purchased it in 2014 for $6.8 million from singer/songwriter Matthew Wilder. In June 2020, Miley sold a different Malibu home to Matthew Wilder for $1.7 million, incurring a loss of over $800,000 as she had originally paid $2.5 million for the property in 2016. Miley sold her equestrian ranch in Hidden Hills in the spring of 2018 for $5 million — the same amount she paid for the property in 2015. Sitting on five acres of grounds, the 6,500 square foot house has seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. The property also has a 550-vine vineyard, a 10-stall barn, a chicken coop, a riding arena, and two paddocks. In July 2020, Miley paid $5 million for a new 7,000-square-foot home in Hidden Hills. She sold this home in July 2021 for $7.2 million.
Philanthropic Endeavors
Beyond her entertainment career, Miley Cyrus is actively involved in philanthropic work. She is the founder of the Happy Hippie Foundation, an organization dedicated to supporting homeless youth, LGBTQ members, and other vulnerable populations. In 2020, she demonstrated her commitment to social causes by donating $10 million to Coronavirus relief efforts.
Personal Life
Miley Cyrus has been open about her personal life and relationships. She was in a relationship with Nick Jonas in the summer of 2006. From 2009, she had an on-again/off-again relationship with Liam Hemsworth for a decade. They were engaged from May 2012 to September 2013. They got back together in March 2016 and got engaged again in October 2016. In December 2018, Cyrus and Hemsworth married. Nine months later, in August 2019, Hemsworth filed for divorce. In October 2019, Cyrus and Australian singer Cody Simpson announced they were in a committed and “passionate” relationship after being friends for years prior. In August 2020, the couple split up. Cyrus is open about her recreational use of cannabis.
