Miley Cyrus Net Worth (Money & Salary)

What is Miley Cyrus’ net worth?

The net worth of Miley Cyrus, an American singer, songwriter, actress, and philanthropist, stands at $160 million. Beginning her journey as a child actor/singer, Miley Cyrus has transformed into a global sensation, with her music encompassing various styles such as pop, country pop, and hip hop.

Known as Destiny Hope Cyrus, she was born into a family involved in entertainment. Her father, Billy Ray Cyrus, captivated America in the early ’90s with his country crossover hit “Achy Breaky Heart.” He cultivated a successful career in country music both in the US and internationally, later transitioning into acting. It seemed only natural that their first child would also find a path in performance.

Nevertheless, Miley Cyrus surpassed her father’s achievements, starring in the wildly successful Disney series “Hannah Montana,” which led to numerous profitable tours, clothing lines, spin-off films, merchandise, and much more. Becoming a significant revenue-generating entity, Miley decided to move on from her “tween” image to pursue a more “adult” career, which included the release of a studio album and a shift in focus toward movies and other ventures.

Early Life

On November 23, 1992, Destiny Hope Cyrus was born in Franklin, Tennessee, to Tish Finley and country singer Billy Ray Cyrus. She was diagnosed with supraventricular tachycardia, a condition that causes an irregular resting heart rate. Her parents chose the name Destiny Hope, believing in her potential for greatness. The nickname “Smiley” was given due to her ever-present smile as a baby, which was later shortened to “Miley.” In 2008, she legally changed her name to Miley Ray Cyrus.

When she was eight years old, Cyrus and her family relocated to Toronto, Ontario, Canada, in 2001 while her father was filming the television series “Doc.” After attending a production of “Mamma Mia!” with her father in 2001, she expressed her desire to him, stating, “This is what I want to do, Daddy. I want to be an actress.” Following this, she commenced singing and acting lessons at the Armstrong Acting Studio in Toronto.

Career

Miley’s first acting role was as a young girl named Kylie in her father’s television show “Doc.” In 2003, she received credit for her performance as “Young Ruthie” in Tim Burton’s “Big Fish” under her birth name. Miley’s auditioning led her to secure a lead role in a new Disney series about an ordinary girl with a secret identity.

Miley Cyrus rose to fame as a pop star through the show “Hannah Montana,” which became an immediate hit and launched her career as an actress, singer, and songwriter. In 2006, the “Hannah Montana” soundtrack achieved number one on the charts.

To explore music beyond the “Hannah Montana” soundtrack, Cyrus signed a four-album recording contract with Hollywood Records. In June 2007, she released the two-disc album “Hannah Montana 2: Meet Miley Cyrus,” featuring the second soundtrack for the show on the first disc and her debut studio album on the second. “Breakout,” her next album, debuted at number one in the U.S. Following that, her 2010 album “Can’t Be Tamed” introduced a more dance-oriented style, while 2013’s “Bangerz” incorporated hip-hop influences. Later releases included “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 successful singles are “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball.”

Besides her music career, Miley Cyrus has also taken on the role of coach and mentor on the reality singing competition “The Voice.”

Personal Life

At 14, Miley approached her mother and expressed, “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open.” This marked her coming out as pansexual. Then, in June 2015, a report by Time magazine noted that Cyrus, at 16, identified as gender fluid, stating she felt no connection to being exclusively a boy or a girl, and that her future partners could be of any gender.

Miley founded the Happy Hippie Foundation, which aims to address injustices affecting homeless youth, members of the LGBTQ community, and other at-risk groups.

In the summer of 2006, she began dating Nick Jonas, a relationship that garnered significant media attention, with Miley claiming to be “in love” at the time. However, by December 2007, their romance ended.

Between 2008 and 2009, Cyrus had a nine-month relationship with model Justin Gaston.

While filming “The Last Song” in 2009, Cyrus and Liam Hemsworth began an on-again/off-again romance that lasted for a decade. During their breaks, Cyrus has been involved with actors Lucas Till and Josh Bowman. Cyrus and Hemsworth were engaged from May 2012 until September 2013, after which they separated. She then dated Patrick Schwarzenegger, model Stella Maxwell, and comedian Dane Cook before reuniting with Hemsworth in March 2016, eventually getting engaged again in October of that year. The couple married in December 2018, but just nine months later, in August 2019, Hemsworth filed for divorce.

In 2018, wildfires devastated Los Angeles County, destroying Miley Cyrus’ Malibu home.

Cyrus and Australian singer Cody Simpson confirmed their committed and “passionate” relationship in October 2019, having been friends for several years. However, they parted ways in August 2020.

Miley is open about her use of cannabis for recreational purposes.

In the year 2020, Miley generously contributed $10 million to relief efforts for the Coronavirus pandemic.

Real Estate

Miley made a $4 million purchase in 2011 for a house located in the hills above Studio City, California. The residence resembles a villa, showcasing hacienda-style architecture, Tuscan-inspired fountains, and a swimming pool beneath a red-tiled roof. In an interview with In Style magazine, Miley described it as “Parts of it are really modern, but it’s mostly old Italian country.” Additionally, a converted temperature-controlled wine room serves as the home for Billy Ray’s guitar collection.

In 2017, Miley acquired a sprawling 30-acre ranch estate for $5.8 million in the suburbs of Nashville, Tennessee. She sold this property in August 2022 for an impressive $14.6 million, netting an $8 million profit without making significant changes or renovations. Here is a video tour of that previous residence:

In November 2018, Cyrus took to social media to share the heartbreaking news that the Malibu home she once shared with Liam Hemsworth had been destroyed in the Woolsey Fire. She expressed her sorrow for her community while feeling thankful for the safety of herself, Hemsworth, and their pets. It’s noteworthy that the property was owned by Liam, who purchased it in 2014 from singer-songwriter Matthew Wilder for $6.8 million. Coincidentally,
“`In June 2020, Miley sold a different home in Malibu to Matthew Wilder for $1.7 million. Unfortunately, she had purchased the property for $2.5 million in 2016, resulting in a loss of over $800,000.

During the spring of 2018, Miley sold her equestrian ranch located in Hidden Hills for $5 million, a price equal to what she had originally paid for it in 2015. The property features a 6,500 square foot house set on five acres, comprising seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. Additionally, it includes a chicken coop, two paddocks, a riding arena, a 10-stall barn, and a 550-vine vineyard.

In July 2020, Miley acquired a new 7,000-square-foot home in Hidden Hills for $5 million. She sold this residence in July 2021 for $7.2 million. Below is how the home looked prior to Miley’s purchase: