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. Beginning her career as a child actor/singer, she has evolved into a global sensation, exploring various musical styles such as pop, country pop, and hip hop.

Born into a family steeped in entertainment, Miley Cyrus, also recognized as Destiny Hope Cyrus, has a father, Billy Ray Cyrus, who won over the hearts of America in the early 90s with his catchy country hit “Achy Breaky Heart.” He subsequently built a successful career in both country music and acting, paving the way for his daughter’s future as a performer.

Nonetheless, Miley Cyrus surpassed her father’s achievements, gaining immense popularity from the Disney series “Hannah Montana.” This success led to numerous profitable tours, merchandise lines, spin-off films, toys, and much more. As she transitioned from her youthful image to a more mature career, Miley released an official studio album and broadened her focus to include films and various projects.

Early Life

On November 23, 1992, Destiny Hope Cyrus entered the world in Franklin, Tennessee, born to Tish Finley and country singer Billy Ray Cyrus. Diagnosed with supraventricular tachycardia, a condition that affects resting heart rate, she was given the name Destiny Hope, reflecting her parents’ belief in her bright future. A reference to her constant smile as a baby led to her nickname “Smiley,” which later became “Miley.” In 2008, she officially changed her name to Miley Ray Cyrus.

In 2001, at the age of eight, Miley and her family relocated to Toronto, Ontario, while her father worked on the television series “Doc.” After attending a production of “Mamma Mia!” in 2001, Miley expressed her desire to act by telling her father, “This is what I want to do, Daddy. I want to be an actress.” Soon after, she began taking singing and acting lessons at the Armstrong Acting Studio in Toronto.

Career

Miley’s first acting job was as a girl named Kylie on her father’s show “Doc.” In 2003, she was credited under her birth name for playing “Young Ruthie” in Tim Burton’s film “Big Fish.” Miley later auditioned successfully for the lead in a new Disney series centered on an ordinary girl with a secret identity.

As a pop star, Miley Cyrus gained significant fame through her role in the show “Hannah Montana,” which became an instant sensation and launched her career 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.

Hollywood Records signed Cyrus to a four-album recording contract, allowing for the release of her music beyond the “Hannah Montana” soundtrack. In June 2007, Cyrus launched the two-disc album “Hannah Montana 2: Meet Miley Cyrus.” The first disc served as the second soundtrack for the show, while the second disc marked Cyrus’ debut studio album. Miley’s next album, “Breakout,” debuted at number one in the U.S. Following that, her 2010 album “Can’t Be Tamed” introduced a more dance-oriented sound, and the 2013 release “Bangerz” showcased a hip-hop influence. Her fifth album, “Miley Cyrus & Her Dead Petz,” was unveiled in 2015, with “Younger Now” following in 2017, “She Is Miley Cyrus” in 2020, and “Endless Summer Vacation” in 2023. Some of her most popular 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 expressed to her mother: “I never want to label myself! I am ready to love anyone that loves me for who I am! I am open.” She identified as pansexual. In June 2015, Time magazine reported that at 16, Cyrus identified as gender fluid, stating that she did not relate to either being a boy or a girl, and her future partner could be either gender.

As the founder of the Happy Hippie Foundation, Cyrus works to combat injustice affecting homeless youth, LGBTQ individuals, and other vulnerable communities.

In the summer of 2006, Miley Cyrus began dating Nick Jonas, generating substantial media interest in their relationship. At that time, Miley professed to be “in love.” However, by December 2007, their romance came to an end.

From 2008 to 2009, Cyrus was in a relationship with model Justin Gaston that lasted nine months.

While filming “The Last Song” in 2009, Cyrus began a decade-long on-again/off-again relationship with Liam Hemsworth. During their breaks, she dated actors such as Lucas Till and Josh Bowman. Cyrus and Hemsworth’s engagement lasted from May 2012 until September 2013, after which Cyrus dated Patrick Schwarzenegger, model Stella Maxwell, and comedian Dane Cook. The couple reconciled in March 2016, getting engaged again in October of the same year. They married in December 2018, but Hemsworth filed for divorce nine months later, in August 2019.

By the fall of 2018, the wildfires in Los Angeles County destroyed Miley Cyrus’ Malibu residence.

In October 2019, Miley and Australian singer Cody Simpson confirmed their committed and “passionate” relationship, having been friends for several years beforehand. However, they split in August 2020.

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

Miley made a significant contribution of $10 million towards Coronavirus relief efforts in 2020.

Real Estate

Miley purchased a home for $4 million in 2011, situated in the hills above Studio City, California. This villa-like residence boasts hacienda-style architecture, Tuscan-inspired fountains, a swimming pool, and a red-tiled roof. In an interview with In Style magazine, Miley described it as having “mostly old Italian country” style, along with some modern elements. A converted temperature-controlled wine room showcases Billy Ray’s guitar collection.

In 2017, she acquired a 30-acre ranch estate in the Nashville suburbs for $5.8 million. She later sold this property in August 2022 for $14.6 million, achieving a remarkable $8 million profit, reportedly without making significant renovations. A video tour of this former home can be viewed here:

In November 2018, Cyrus shared on social media that the Malibu home she had with Liam Hemsworth was destroyed in the Woolsey Fire. She expressed her heartbreak for the community and gratitude for the safety of herself, Hemsworth, and their pets. It’s worth noting that this property was technically owned by Liam, who had purchased it in 2014 from singer/songwriter Matthew Wilder for $6.8 million. Coincidentally,In June 2020, a different Malibu residence 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.

During the spring of 2018, Miley’s equestrian ranch in Hidden Hills was sold for $5 million, matching her purchase price from 2015. The 6,500 square foot house, situated on five acres, features seven bedrooms, six bathrooms, a gym, a study, and a wine cellar. Additionally, the property includes a 550-vine vineyard, a 10-stall barn, a chicken coop, a riding arena, and two paddocks.

A new 7,000-square-foot home in Hidden Hills was purchased by Miley for $5 million in July 2020. In July 2021, she sold this home for $7.2 million. Below is a glimpse of how the property looked before Miley made the purchase: