It is not surprising that a girl who was born into a life of show business and began her career in it at the age of nine has amassed a substantial net worth through a very successful career. Miley Cyrus’ net worth has been built on successful career ventures in both the acting and music industry that has made her one of the best-selling musicians among modern-day music artists.
From appearing in the Disney Channel TV series, Hannah Montana to releasing her own commercially successful albums like Breakout and Meet Miley Cyrus, she has been one of the top entertainers in the world in the 21st century. Here, we took a look at Miley Cyrus’ net worth and how she came to achieve it. Read more about her below.
Miley Cyrus’ Net Worth
Her career in show business began at the age of nine when she made her debut acting appearance on the show, Doc as Kylie. Since then, she has built a successful acting and music career that has given her a net worth estimated between $160 million according to Celebrity Net Worth and $200 million from other sources.
From touring income to acting salaries and successful shows like Hannah Montana, she has continued to grow her net worth in spite of the controversial periods she has endured in show business.
How Did She Achieve Such A High Net Worth?
So, now that we know that the Tennessee-born singer/actress is worth over $160 million, how did she achieve her net worth. Well, for one, we know that between 2001 and 2017, she had career earnings of $360 million. Let’s take a look at where some of those earnings came from.
As we mentioned earlier, she began her career at the age of nine, when she began appearing on Doc, but it is her role as Hannah Montana for the Disney Channel that ultimately brought her into the limelight.
She began appearing on the show at age of 11, earning $15,000 per episode. She appeared on the show between 2006 and 2011 in a total of 101 episodes, meaning she earned $1,515,000 for playing Hannah Montana for the channel alone. During her time on the show, she also appeared in other movies and TV shows, including The Emperor’s New School, all of which means by the time Miley Cyrus was a teenager, she was already a millionaire.
Using her Disney career as a launching pad for her music career, Miley Cyrus’ net worth gained its major boost when she released her first independent album, Hannah Montana 2: Meet Miley Cyrus which made about $10 million in sales, a figure that still puts it as her highest selling album to date. To fetch that amount, the album went triple platinum.
Since then, she has released six more albums, including Bangerz, Cant’ Be Tamed, all of which have given her over 20 million in album sales and their respective singles have sold over 55 million copies worldwide.
Along with her album releases came music tours where she promoted her album, earning several million dollars for each tour, So far, she has gone on five tours and have grossed over $120 million in revenue.
Aside from her music, her appearances in film and television have also been one of the major contributors to Miley Cyrus’ net worth. She was a judge on The Voice for two seasons between 2016 and 2017, earning $13 million per season.
In Film, she has proven to be a modest box office attraction and has appeared in a couple of successful movies like Bolt, The Last Song, and LOL.
How Does She Spend Her Money?
Considering her wild and often controversial personality, one would expect Miley Cyrus to spend her net worth on frivolous expenses but the singer/songwriter/actress has instead chosen a more relatively conservative path when it comes to how she spends her money.
She is a huge supporter of charities and has been named among the most charitable celebrities in the world. She supports over 35 popular charities, some of which include Make-a-Wish Foundation, St. Jude’s Children’s Research Hospital, Cystic Fibrosis Foundation, and many others.
Miley Cyrus has also dedicated her net worth to owning a foundation of her own, Happy Hippie Foundation. The foundation is focused on fighting injustice for homeless and LGBT youth.
When she is not spending on her charities, she spends on her 17 dogs, a handbag collection, jewelry and a couple of luxury cars. She also owns a Malibu beach house that cost $2.5 million and a home in Toluca Lake that cost her $4.3 million. In addition, she also has a ranch in Tennessee that costs her $5.8 million.