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 kicking off her career as a child actor/singer, she has evolved into a worldwide sensation with her music that covers various genres such as pop, country pop, and hip hop.

Born as Destiny Hope Cyrus, she came from a family deeply rooted in show business. Her father, Billy Ray Cyrus, captured the hearts of America in the early 90s with his catchy country crossover hit, “Achy Breaky Heart.” He managed to build a commendable career in country music both in the US and internationally while also enjoying success in acting. Thus, it was only natural to assume that their first child would follow suit as a performer.

Nonetheless, Miley Cyrus surpassed her father’s achievements by starring in the wildly popular Disney series, “Hannah Montana,” which led to a plethora of prosperous tours, clothing lines, spin-off films, accessories, toys, and more. She transformed into a financial powerhouse, and as she moved away from her “tween” persona, Miley opted for a more mature career, launching an official studio album and directing her focus toward films and various other ventures.

Early Life

On November 23, 1992, Destiny Hope Cyrus was born in Franklin, Tennessee, to Tish Finley and Billy Ray Cyrus, a country singer. Miley was diagnosed with supraventricular tachycardia—a condition resulting in an irregular resting heart rate—at birth. Her parents chose the name Destiny Hope under the belief that she would accomplish remarkable feats in life. Due to her cheerful demeanor as an infant, they nicknamed her “Smiley,” which was later shortened to “Miley.” In 2008, she formally changed her name to Miley Ray Cyrus.

When was eight years old, Cyrus relocated with her family to Toronto, Ontario, Canada, in 2001, while her father worked on the TV series “Doc.” Inspired by taking her to a production of “Mamma Mia!” that year, Miley expressed her desire to her father, saying, “This is what I want to do, Daddy. I want to be an actress.” Consequently, she began attending singing and acting classes at the Armstrong Acting Studio in Toronto.

Career

The first acting role of Cyrus was a character named Kylie in her father’s series “Doc.” In 2003, she received on-screen credit under her given name for portraying “Young Ruthie” in Tim Burton’s film “Big Fish.” Following this, Miley auditioned and successfully landed the lead role in a new Disney show centered around an everyday girl with a secret identity.

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The show “Hannah Montana” catapulted Miley’s career, establishing her as a pop star not only as an actress but also as a singer and songwriter. In 2006, the soundtrack for “Hannah Montana” soared to number one on the charts.

Miley Cyrus secured a recording contract with Hollywood Records for four albums to produce music outside of the “Hannah Montana” soundtrack. In June 2007, she released the two-disc album “Hannah Montana 2: Meet Miley Cyrus,” where the first disc was the second soundtrack for the show, while the second was her debut studio album. Miley’s subsequent album, “Breakout,” reached number one in the U.S. The 2010 album “Can’t Be Tamed” showcased a more dance-oriented sound, followed by the hip-hop-influenced fourth studio album, “Bangerz,” released in 2013. Her fifth album, “Miley Cyrus & Her Dead Petz,” came out in 2015, followed by “Younger Now” in 2017, “She Is Miley Cyrus” in 2020, and “Endless Summer Vacation” in 2023. Notable singles include “The Climb,” “Party in the U.S.A.,” “We Can’t Stop,” and “Wrecking Ball.”

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

Personal Life

At the age of 14, Miley told her mother, “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open,” publicly identifying as pansexual. In June 2015, Time magazine reported her revelation of being gender fluid, indicating that she didn’t associate strictly with being a boy or a girl, and that her future partners could be of any gender.

The Happy Hippie Foundation, which works to combat injustice against homeless youth, LGBTQ members, and other marginalized groups, was founded by Cyrus.

Miley began dating Nick Jonas in the summer of 2006, drawing significant media interest as she described herself as “in love.” However, by December 2007, their relationship ended.

From 2008 to 2009, Cyrus was in a nine-month relationship with model Justin Gaston.

It was while filming “The Last Song” in 2009 that Cyrus began her on-and-off romance with Liam Hemsworth, which lasted for a decade. During their breaks, she was linked to actors Lucas Till and Josh Bowman. From May 2012 to September 2013, Cyrus and Hemsworth were engaged. After their split, Cyrus dated Patrick Schwarzenegger, model Stella Maxwell, and comedian Dane Cook. The couple rekindled their relationship in March 2016 and re-engaged in October 2016. They tied the knot in December 2018, but just nine months later, in August 2019, Hemsworth filed for divorce.

The fall wildfires of 2018 led to the destruction of Miley Cyrus’ Malibu home.

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

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

In response to the coronavirus pandemic, Miley contributed $10 million to relief initiatives in 2020.

Real Estate

Miley purchased a villa-like home in the hills above Studio City, California, in 2011 for $4 million. The property showcases hacienda-style architecture complete with Tuscan-inspired fountains, a red-tiled roof, and a swimming pool. Miley mentioned to In Style magazine that while parts of the home are modern, it mostly exudes an old Italian country charm. A converted temperature-controlled wine room serves as the home for Billy Ray’s guitar collection.

In 2017, she acquired a 30-acre ranch estate in Nashville’s suburbs for $5.8 million. Remarkably, Miley sold this property in August 2022 for $14.6 million, yielding an impressive profit of $8 million without any significant renovations. You can watch a video tour of her former home here:

On social media in November 2018, Cyrus shared that her Malibu residence, which she had shared with Liam Hemsworth, was destroyed in the Woolsey Fire. She expressed her heartache for the community while being grateful for the safety of herself, Hemsworth, and their pets. Notably, this property was in Liam’s name, which he purchased from singer/songwriter Matthew Wilder for $6.8 million in 2014. Interestingly,

In June 2020, Miley sold a different Malibu residence to Matthew Wilder for $1.7 million. This sale, however, resulted in a significant loss for Miley, as she had originally acquired the property in 2016 for $2.5 million, yielding an over $800,000 deficit.

Miley’s equestrian ranch located in Hidden Hills was sold in the spring of 2018 for $5 million, matching the purchase price from 2015. The property spans five acres and features a spacious 6,500 square foot home that includes seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. Additionally, the estate boasts a vineyard with 550 vines, 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. Just a year later, in July 2021, she sold this property for $7.2 million. Below is an image of the home prior to Miley’s purchase: