Cher Net Worth: $350 Million. Cher is an American singer and actress dubbed by fans as the Goddess of Pop. She is a legend by many standards and arguably one of the most versatile artists in the entertainment industry.
With a career that spans over 5 decades, Cher has had her fair share of highs and lows, but ultimately, she has established herself as a timeless icon. Cher has released over 25 studio albums and sold over 100 million records, making her one of the best-selling female artists of all time. Cher’s net worth as of 2017 is estimated at over $350 million.
The deep contralto vocalist isn’t showing any signs of slowing. As of 2017, she continues to tour, play residency gigs, star in and even produce her own movies and Broadway projects. Retirement what?!
Cher Net Worth: Early Start
Cher was born Cherilyn Sarkisian on May 20, 1946, in El Centro, California. She had quite a troubled childhood. Her parents divorced when she was just 9 months old. Due to her mum’s subsequent marriages and divorces, Cher moved often living in New York and Texas. Her mum who worked as a waiter and actress barely made enough to fend for her basic needs. Her mum once checked her into an orphanage home where she lived for weeks.
In high school, Cher developed a passion first for film and then music. As a result, she organised and performed in numerous school plays while idolising actress Audrey Hepburn. Her only dream was to one day become famous and not even the dyslexia that plagued her at the time could stop her.
Cher Net Worth: The Big Break!
Cher dropped out of high school at the age of 16 and moved to LA to pursue her dreams. She took acting classes and in the night danced at clubs. She then met performer Sonny Bono and became friends and later lovers. They began doing music together as Caesar & Cleo and then as Sonny & Cher.
By 1965, they landed their big break with their song “I Got You Babe” which became a massive hit. It reached #1 on the American and British charts. Subsequently, Cher launched a solo career with Sonny as her manager. Her debut solo album The Sonny Side of Chér (1966) spawned another massive hit single “Bang Bang (My Baby Shot Me Down)” which became her first million-seller song.
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Within the space of two years, (1965 – 1967), Sonny & Cher had sold over 40 million records globally. They also became known for their elaborate outfits which established them as fashion icons. Consequently, Cher began designing a clothing line.
Cher Net Worth: TV Career, Divorce From Sonny Bono
Cher suffered a brief period of career decline in the late 1960s but revived her career with a TV show in the early 1970s. Their CBS show “The Sonny & Cher Comedy Hour” was extremely successful enjoying a successful 3-year run with over 30 million viewers tuning in on a weekly basis. Simultaneously, she released the chart-topping singles “Gypsys, Tramps & Thieves”, “Half-Breed”, and “Dark Lady”.
Unfortunately, her partnership with Sonny ended with their divorce in 1975. Cher accused Sonny of cheating her out of her money. Sonny was ordered to pay her $25,000 per month for 6 months, $1,5000 for support for their child Chastity Bono (now Chaz Bono) and $41,000 for her attorney fees. Thier liquid assets were divided 50/50.
Cher then signed a $2.5 million record deal with Warner Bros. “Stars” (1975), her 12th studio album and first under the label was a critical and commercial success. The album became a cult classic and is regarded as one of her best works. Also in 1975, Cher married rocker Gregg Allman but the marriage which produced a child was only short-lived, ending in 1979.
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Following two failed albums with Warner Bros., Cher signed with Casablanca Records and released the hit disco album “Take Me Home” in 1979. Cher enjoyed a highly successful Las Vegas residency from 1980 – 1982 for which she made $300,000 per week!
Cher Net Worth: Broadway, Film Success, More
She forayed into Broadway in 1982 making her debut in “Come Back to the Five and Dime, Jimmy Dean, Jimmy Dean.” She also starred in the film adaptation of the same title. Cher went ahead to stage a successful movie career with films like Silkwood (1983), Mask (1985), and Moonstruck (1987). For the later, she won her first Oscar and Golden Globe Award for Best Actress. In the late 1980s, Cher was one of the most profitable actresses of the decade, earning not less than $1 million per role.
Here Is A Look At Some of Her Highest-Paying Movies between the 80s and 90s
Silkwood (1983) – $150,000
Mask (1985) – $500,000
Moonstruck (1987) – $1 million
The Witches of Eastwick (1987) $1 million
Suspect (1987) – $1 million
Mermaids (1990) $4 million
While landing movie gigs, Cher kept one foot in her music career. Her rock albums Cher (1987), Heart of Stone (1989), and Love Hurts (1991) enjoyed varying degrees of success, spawning hit singles. Her 22nd studio album “Believe” released in 1998 spawned a hit title-track single that saw her become the highest-selling single of all time by a female artist in the UK. The album went on to sell over 10 million copies. She supported the album with “Do You Believe?” tour which grossed $220 million ($316.29 million in 2017 dollars) to become one of the highest-grossing tour by a female artist at the time.
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Here Is A Look At Some of Her Highest-Grossing Tours
Heart of Stone Tour (1990) – $40 million from 78 shows
Do You Believe? (1999) – $220 million from 121 shows
Living Proof: The Farewell Tour (2002 – 2005) – $260 million from 325 shows making it one of the highest-grossing tours of all time.
Cher residency show (2008 – 2011) – Cher signed a $180 million deal to headline the Colosseum at Caesars Palace in Las Vegas for three years. She was paid $60 million per year. The show grossed $97.4 million.
Dressed to Kill Tour (2014) – $55 million from 49 shows all in North America
Classic Cher (2017) – A residency show at Las Vegas, Nevada and Washington D.C. As of February 2017, it had grossed $4 million from 7 shows.
Her 25th studio album, as well as her first studio album in 12 years, “Closer to the Truth”, was released in 2013 to much acclaim. It debuted at #3 on the Billboard 200 to become her highest-charting solo album in the U.S.
In 2014, Billboard Magazine estimated that Cher had earned $352 million from her tours since 1990.
Cher Net Worth: Others
In 1988, Cher’s fragrance “Uninhibited” earned $15 million from sales. In the early 1990s when Cher couldn’t keep up with her music and film gigs due to ill health, she earned $10 million from appearing in a number of infomercials.
Cher’s numerous accolades include; a Grammy Award, an Emmy Award, an Academy Award, 3 Golden Globe Awards, a Cannes Film Festival Award, a special CFDA Fashion Award and others.
A democratic supporter, Cher is vocal about her political views. She has also made huge contributions towards philanthropy. A social rights activists, she supports LGBT rights. Her daughter Chastity Bono became a lesbian at the age of 17 before undergoing transgender surgery to become a trans man renaming himself to Chaz Bono.