Miley Cyrus Net Worth (Money & Salary)

What is Miley Cyrus’ net worth?

With a net worth of $160 million, Miley Cyrus is an American singer, songwriter, actress, and philanthropist. Initially starting her career as a child actor/singer, she has transformed into a global icon, showcasing a variety of musical styles that include pop, country pop, and hip hop.

Known as Destiny Hope Cyrus, Miley was born into a family immersed in entertainment. Her father, Billy Ray Cyrus, won the hearts of the American public with his catchy country crossover hit “Achy Breaky Heart” in the early 90s. He subsequently enjoyed a successful career in country music both in the US and internationally and ventured into acting. It seemed inevitable that their first child would also become a performer.

Yet, Miley outshone her father, rising to fame through the immensely popular Disney series “Hannah Montana,” leading to numerous successful tours, clothing lines, spin-off movies, accessories, toys, and much more. Miley Cyrus evolved into a lucrative brand, and when she chose to transition from her “tween” roots to a more “adult” phase, she released an official studio album and redirected her efforts towards films and various projects.

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. Cyrus was diagnosed with supraventricular tachycardia, a condition that leads to an unusually high resting heart rate. Her parents chose the name Destiny Hope, believing in her potential for greatness, and fondly referred to her as “Smiley” due to her cheerful nature as a baby. This nickname was later shortened to “Miley,” and she officially changed her name to Miley Ray Cyrus in 2008.

When she was eight years old in 2001, the family relocated to Toronto, Ontario, Canada, while her father worked on the television series “Doc.” After watching a 2001 production of “Mamma Mia!,” Cyrus excitedly declared to her father, “This is what I want to do, Daddy. I want to be an actress.” This enthusiasm led her to begin singing and acting lessons at the Armstrong Acting Studio in Toronto.

Career

Her first acting role came with the character Kylie on her father’s television series “Doc.” In 2003, under her birth name, Cyrus earned credits for her role as “Young Ruthie” in Tim Burton’s film “Big Fish.” Eventually, Miley auditioned for and secured the lead role in a new Disney show featuring an ordinary girl with a hidden identity.as a pop star, Miley’s career took off following the immediate success of the show “Hannah Montana.” Not only did it launch her acting career, but it also set the stage for her to emerge as a singer and songwriter. The soundtrack for “Hannah Montana” soared to number one on the charts back in 2006.

To release her music outside of the “Hannah Montana” soundtrack, Cyrus entered into a four-album recording contract with Hollywood Records. In June 2007, she dropped the two-disc compilation “Hannah Montana 2: Meet Miley Cyrus,” with the first disc serving as the second soundtrack for the show and the second as her debut studio album. Miley’s subsequent album, “Breakout,” debuted at the number one spot in the U.S. and for her third studio album, “Can’t Be Tamed,” released in 2010, Cyrus veered towards a more dance-centric sound. The hip-hop influences came into play with her fourth studio album, “Bangerz,” in 2013. Following this, 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 participated as a coach and mentor on the reality singing competition “The Voice.”

Personal Life

At the age of 14, Miley approached her mother with the declaration: “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open.” Thus, she identified herself as pansexual. In June 2015, a report by Time magazine revealed that Cyrus, at the age of 16, identified as gender fluid, expressing that she didn’t connect to being strictly a boy or a girl and that her future partners could be either.

Cyrus established the Happy Hippie Foundation, aimed at tackling injustices faced by homeless youth, members of the LGBTQ community, and other at-risk populations.

In 2006, Miley and Nick Jonas began dating, a relationship that garnered significant media attention. At that time, Miley expressed that she was “in love.” However, by December 2007, the couple had parted ways.

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

During the filming of “The Last Song” in 2009, Cyrus began a relationship with Liam Hemsworth that spanned a decade, marked by breaks and reconciliations. When not with Hemsworth, Cyrus was linked to actors like 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, got engaged again in October 2016, and married in December 2018, only for Hemsworth to file for divorce just nine months later, in August 2019.

The wildfires that ravaged Los Angeles County in late 2018 resulted in the destruction of Miley Cyrus’ Malibu residence.

In October 2019, after years of friendship, Cyrus and Australian singer Cody Simpson confirmed their “passionate” relationship. However, they parted ways in August 2020.

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

In 2020, Miley contributed $10 million towards efforts for Coronavirus relief.

Real Estate

Miley acquired a villa-style home in the Studio City hills for $4 million in 2011. The property showcases hacienda-inspired architecture, complete with Tuscan fountains, a red-tiled roof, and a swimming pool. According to Miley, it has a blend of modern elements, but predominantly reflects old Italian countryside aesthetics. Additionally, her father, Billy Ray, has a guitar collection stored in a converted wine room designed with temperature control.

In 2017, she purchased a sprawling 30-acre ranch estate in the Nashville suburbs for $5.8 million. This property was sold in August 2022 for $14.6 million, yielding a remarkable $8 million profit with minimal changes made. Below is a video tour of this residence:

In November 2018, Cyrus took to social media to announce the devastating loss of her Malibu home shared with Hemsworth due to the Woolsey Fire, expressing her sorrow for the community while being thankful for the safety of herself, Hemsworth, and their pets. Notably, the property was officially owned by Liam, who had acquired it in 2014 from singer/songwriter Matthew Wilder for $6.8 million. Coincidentally,
“`In June 2020, Miley sold a Malibu home to Matthew Wilder for $1.7 million, having originally purchased it for $2.5 million in 2016, resulting in a loss exceeding $800,000.

During the spring of 2018, Miley sold her equestrian ranch located in Hidden Hills for $5 million, which matched the price she paid for the property in 2015. The property spans five acres and includes a 6,500 square foot house featuring 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, measuring 7,000 square feet, for $5 million. She later sold it in July 2021 for $7.2 million. Below is how this home looked prior to Miley’s purchase: