Miley Cyrus is an American singer, songwriter, and actress with an estimated net worth of $160 million as of 2024.
She rose to fame in the mid-2000s for her starring role as Miley Stewart/Hannah Montana on the Disney Channel series Hannah Montana. Since then, Cyrus has achieved immense success in the music industry while undertaking various business ventures.
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Miley Cyrus Net Worth
Miley Cyrus has an estimated net worth of $160 million. She has earned much wealth from entertainment industry projects, including music, films, television shows, business ventures, endorsements, and more.
Cyrus attained financial success at a young age starring as the title character on the hit Disney series Hannah Montana from 2006-2011. At age 17 in 2009, her net worth was estimated to be around $120 million, mainly from TV and film earnings and lucrative merchandising deals.
Her solo music career, starting with early albums “Breakout” and “Can’t Be Tamed,” added to her rising fortune. However, Cyrus saw her biggest paydays after launching as an adult artist with her 2013 album “Bangerz,” which went platinum and spawned two huge chart-topping singles.
Early Life and Education
Miley Ray Cyrus was born to country singer Billy Ray Cyrus and Tish Cyrus on November 23, 1992, in Franklin, Tennessee. Miley grew up with her five siblings on her parents’ farm outside of Nashville. As the daughter of a famous country star, Miley became interested in acting and singing at a very young age.
When she was 9, she began taking acting and singing classes to pursue her passion. That led to several minor roles in her father’s television show Doc and a role in Tim Burton’s Big Fish. Around this time, Miley auditioned for the Disney Channel series Hannah Montana, landing the lead role of a teenage pop star living a double life.
Hannah Montana catapulted Cyrus into mainstream success. The series ran for four seasons from 2006-2011 and spawned successful soundtrack albums and a major concert tour. Cyrus signed with Hollywood Records in 2007 and began working on her debut album “Meet Miley Cyrus.” The double-disc album was released in June 2007, with one disc dedicated to her Hannah Montana persona and the other introducing Cyrus as a solo pop artist. The album was a commercial success, selling over 3 million copies worldwide.
In 2008, Cyrus embarked on the sold-out Best of Both Worlds Tour with the Jonas Brothers. That same year, she released her sophomore studio album “Breakout,” which debuted at #1 on the Billboard 200. The subsequent single “The Climb” became an anthem, earning Cyrus a BET Award nomination. After Hannah Montana ended in 2011, Cyrus focused on transitioning into a music career as an adult artist.
Solo Music Career
In 2013, Cyrus released her fourth studio album, “Bangerz.” The album demonstrated Cyrus’s bold new creative direction, featuring a synth-heavy sound and sexually provocative lyrics. The album’s first single, “We Can’t Stop,” became her first number-one single on the US Billboard Hot 100 chart. That was followed by the global smash hit “Wrecking Ball,” which got over 1 billion views on YouTube. “Bangerz” was a major commercial success and established Cyrus as an A-list pop star.
Cyrus continued embracing controversy and reinvention with each album release. Her fifth album, “Miley Cyrus & Her Dead Petz,” saw Cyrus collaborating with indie bands The Flaming Lips. She returned to a more commercial pop-oriented sound with her 2017 album “Younger Now.” In November 2020, Cyrus released her seventh studio album, “Plastic Hearts,” which features collaborations with artists like Billy Idol and Joan Jett. The album debuted at #2 on the Billboard 200, making it her fifth top ten debut in the United States.
Cyrus has sold over 20 million albums and 55 million singles worldwide. Some of her critically acclaimed tracks include “Malibu,” “Nothing Breaks Like a Heart” and “Midnight Sky.” Beyond music, Cyrus has also nurtured a career in acting, starring in films like “LOL” and “So Undercover.” She was a coach on the television singing competition show The Voice across two seasons in 2016 and 2017.
Miley Cyrus brings in revenue from many business ventures. She became the youngest to write an autobiography, releasing the memoir “Miles to Go” in 2009. Other books include “Miles To Go: A Miley Cyrus Odyssey” and the memoir “Stay: (Wrecking Ball).”
In 2008, Cyrus signed a four-piece collection to be sold at Walmart, which earned a reported $100 million in one year. She has also promoted various fashion lines, with Max Azria’s line for Walmart in 2009 and accessories designed by Cyrus for Claire’s in 2009 and 2010 that earned $200 million and $400 million, respectively.
In 2011, Cyrus released her debut fragrance “Miley Cyrus.” She later released two additional fragrances, “Inspired” and “Twilight Woods.” In 2012, she appeared in an episode of MTV’s series Punk’d. That same year, it was estimated Cyrus earned $15,000-$20,000 per tweet as part of promotion efforts for Twitter. Cyrus is also the founder of the Happy Hippie Foundation, to supports homeless youth and LGBTQ youth.
Source of Income
Miley Cyrus has built her impressive net worth through savvy career moves starting from her breakout role as a young teenager. The Disney series’ Hannah Montana’ catapulted Cyrus into fame and fortune at age 13, initially earning $15,000 per episode.
Cyrus was making $200,000 for the eight-episode run. Cyrus earned well from acting on the globally popular show for four seasons and gained tremendous exposure to launch herself as a pop star. Capitalizing on her Hannah Montana persona, Cyrus embarked on sold-out concert tours, dropped hit singles year after year, and signed lucrative endorsement deals – earning her first million by age 15.
However, most of Cyrus’ wealth comes from record sales as a chart-topping music artist. She has released six multi-platinum studio albums, selling over 48 million albums worldwide. Tours like her 2013 ‘Bangerz’ run grossed over $62 million over six months through 80 shows across North America, Europe, and Australia.
Cyrus began dating actor Liam Hemsworth in 2009 after meeting him on “The Last Song.” After a turbulent on-again, off-again relationship, they became engaged in 2012. However, the engagement was called off in 2013 before reconciling in 2015. They later married in December 2018 at Cyrus’s home in Tennessee.
After less than a year of marriage, Cyrus and Hemsworth split up in August 2019, eventually divorcing in 2020. Since her divorce, Cyrus has been linked to several other romantic partners, including musician Cody Simpson and, most recently, singer Maxx Morando.
Cyrus has been open about her past experiences with drug and alcohol abuse. Since becoming sober, the star has also been outspoken as an advocate for the LGBTQ community and gender fluidity. Through her music and advocacy, Cyrus has cemented herself as a boundary-breaking force within pop culture.
FAQs on Miley Cyrus Net Worth
How did Miley Cyrus get so rich?
Miley Cyrus earned most of her fortune starring in the hit Disney series Hannah Montana for four seasons. She earned $15,000 per episode, amounting to $200,000 by the final season.
What is Miley Cyrus’s net worth?
According to Forbes, Miley Cyrus has an estimated net worth of around $160 million as of 2024. Her wealth comes from various entertainment industry projects, including TV, films, music, endorsements, and business ventures.
How much does Miley Cyrus make per year?
In her peak earning years between 2013-2017, Miley Cyrus made around $20 million annually from album sales, touring, merchandise, and endorsements. Lately she makes slightly less from music but supplements with sponsorship deals.
What businesses and endorsements does Miley Cyrus have?
Miley has earned millions from endorsement deals with brands like MAC Cosmetics, Converse, and Marc Jacobs. One of her first significant deals was a clothing line partnership with Max Azria that made $100 million in just one year.
Miley Cyrus has accumulated an astounding fortune through her successful career. Though just a preteen when she landed her breakthrough role on Disney’s “Hannah Montana,” Cyrus leveraged that fame to launch herself as a dominant pop culture force and multimillionaire musician.
However, Miley Cyrus’s net worth stems from TV, film, music sales, endorsements, and business deals within the entertainment industry. After starring in the sitcom hit for four years through 2011, Cyrus focused full-time on her recording career.
Benedict is an entertainment enthusiast and a passionate blogger. He loves to share his insights and opinions of the ever-evolving entertainment world. When he’s not writing, you can find Benedict immersing himself in the latest releases, following the latest industry events, and engaging with fellow entertainment enthusiasts online.