Miley Cyrus Net Worth (Money & Salary)

What is Miley Cyrus’ net worth?

With a net worth of $160 million, Miley Cyrus is recognized as an American singer, songwriter, actress, and philanthropist. Beginning her journey as a child actor/singer, she has emerged as a global icon, showcasing her music across various genres such as pop, country pop, and hip hop.

Known as Destiny Hope Cyrus at birth, she hails from a family deeply rooted in show business. Her father, Billy Ray Cyrus, made waves in the early 90s with his catchy country crossover hit “Achy Breaky Heart.” His success in both the music and acting industries paved the way for a family legacy in entertainment. Given her background, it was only natural for her to follow in his footsteps as a performer.

Yet, Miley Cyrus outshone her father with her role in the hugely successful Disney series “Hannah Montana.” This led to a series of prosperous tours, clothing lines, spin-off films, toys, and more. As she transitioned away from her “tween” image, she pursued a more mature career, launching a studio album and concentrating on films and various other ventures.

Early Life

On November 23, 1992, in Franklin, Tennessee, Destiny Hope Cyrus was born to Tish Finley and country singer Billy Ray Cyrus. She was born with a condition called supraventricular tachycardia, which results in an irregular resting heart rate. Her parents chose the name Destiny Hope, believing she was destined for greatness. The nickname “Smiley” arose from her cheerful demeanor as a baby, which eventually morphed into “Miley.” In 2008, she legally adopted the name Miley Ray Cyrus.

When Cyrus was eight years old, in 2001, her family relocated to Toronto, Ontario, Canada, so her father could work on the television series “Doc.” After attending a production of “Mamma Mia!” in 2001 with her father, Cyrus expressed her desire by saying, “This is what I want to do, Daddy. I want to be an actress.” She proceeded to undertake singing and acting lessons at the Armstrong Acting Studio in Toronto.

Career

Cyrus began her acting career by playing a character named Kylie in her father’s show “Doc.” In 2003, she received recognition under her birth name for her portrayal of “Young Ruthie” in Tim Burton’s film “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 Cyrus gained immense popularity through the show “Hannah Montana,” which quickly became a sensation and launched her career as both an actress and a singer-songwriter. In 2006, the “Hannah Montana” soundtrack reached number one on the charts.

To release her music outside of the “Hannah Montana” soundtrack, Cyrus signed a four-album deal with Hollywood Records. In June 2007, she launched the two-disc album “Hannah Montana 2: Meet Miley Cyrus,” where the first disc served as the second soundtrack for the series, and the second disc marked Cyrus’ debut studio album. Miley’s subsequent album “Breakout” debuted at number one in the United States. The third studio album, “Can’t Be Tamed,” released in 2010, showcased a more dance-oriented style, while her fourth album, “Bangerz” in 2013, featured hip-hop influences. Following that, her fifth album “Miley Cyrus & Her Dead Petz” was released in 2015, along with “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 in the reality singing competition “The Voice.”

Personal Life

At 14, Miley expressed to her mother: “I never want to label myself! I am ready to love anyone who loves me for who I am! I am open,” thereby coming out as pansexual. In June 2015, a Time magazine report revealed that at age 16, Cyrus identified as gender fluid, indicating that she did not feel aligned with being strictly a boy or a girl, and that her future partners could be either.

Cyrus established the Happy Hippie Foundation, an organization dedicated to addressing injustice faced by homeless youth, LGBTQ individuals, and other vulnerable communities.

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

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

In 2009, while filming “The Last Song,” Miley Cyrus and Liam Hemsworth began their on-again/off-again relationship that lasted for a decade. During the times when they weren’t together, Cyrus dated actors Lucas Till and Josh Bowman. From May 2012 until September 2013, Cyrus and Hemsworth were engaged. Following their breakup, Cyrus was involved with Patrick Schwarzenegger, model Stella Maxwell, and comedian Dane Cook. The couple reunited in March 2016, and by October, they were engaged again. Eventually, they married in December 2018, but just nine months later, in August 2019, Hemsworth initiated divorce proceedings.

The wildfires in Los Angeles County during fall 2018 resulted in the destruction of Miley Cyrus’ Malibu home.

In October 2019, Cyrus and Australian singer Cody Simpson made their relationship public, describing it as committed and “passionate” after previously being friends for years. However, the couple ended their relationship in August 2020.

Miley Cyrus is candid about her use of cannabis for recreational purposes.

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

Real Estate

Miley purchased a home in the hills above Studio City, California, in 2011 for $4 million. The residence embodies villa-style architecture with hacienda inspirations, featuring Tuscan-like fountains, a red-tiled roof, and a swimming pool. As Miley described to In Style magazine, “Parts of it are really modern, but it’s mostly old Italian country.” Additionally, Billy Ray’s guitar collection resides in a wine room converted to be temperature-controlled.

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 a profit of $8 million without making significant renovations or changes. Below is a video tour of this previous residence:

In November 2018, Miley disclosed on social media that the Malibu home she shared with Liam Hemsworth was lost to the Woolsey Fire, expressing her sadness for the community and gratitude for the safety of herself, Hemsworth, and their pets. Liam technically owned the property, having purchased it in 2014 from singer/songwriter Matthew Wilder for $6.8 million. Coincidentally,In June 2020, a different Malibu home was sold by Miley to Matthew Wilder for $1.7 million. Regrettably, she had acquired this property for $2.5 million in 2016, resulting in a loss exceeding $800,000.

Miley sold her equestrian ranch located in Hidden Hills during the spring of 2018 for $5 million — the same price she had paid for the property in 2015. The house, spanning 6,500 square feet and sitting on five acres, features seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. Additionally, the property includes a vineyard with 550 vines, a 10-stall barn, a chicken coop, a riding arena, and two paddocks.

In July 2020, Miley purchased a new home in Hidden Hills for $5 million, which measures 7,000 square feet. She sold this residence in July 2021 for $7.2 million. Below is an appearance of this home prior to Miley’s acquisition: