Miley Cyrus is a powerhouse in the entertainment industry, having made her mark as an acclaimed child actor – parlayed that success into being one of the most well-known celebrities on Earth.
But fame isn’t all Miley has to show for it; with intelligent investments and savvy projects, she’s built up a staggering amount of wealth.
As of May 2023, Miley Cyrus’ net worth is $160 million! In this article, we’ll take an inside look at what went into making that much cash!
Table of Contents
Early Life and Career
Since childhood, Miley Ray Cyrus has been a fixture on the entertainment industry scene. Born in Nashville, Tennessee, to country music legend Billy Ray Cyrus in 1992, she starred alongside her father at various events from an early age and got into the acting world by nine years old.
However, it was when she was 12 that she would land Disney’s hit show “Hannah Montana,” where Miley played the lead character Miley Stewart that success found its way into her life as a celebrity superstar.
The smash-hit sitcom was so popular she even started going on tour! Not one to be pigeonholed, though, movie roles were soon sought after, including appearances in box office successes such as “The Last Song” and “So Undercover.”
Such occupations made up only part of what is now considered significant wealth attributed directly to Ms.Ray Cyris!
Since she began her music career as a vital part of the cast for “Hannah Montana,” Cyrus has seen much success. Her first studio album, “Breakout,” earned the number one spot on Billboard 200’s chart and remains popular today.
But it was 2009 that brought about arguably Cyrus’ most famous single with “Party in The USA” becoming an iconic anthem among fans worldwide – leading her down a path of continued stardom over multiple albums such as ‘Can’t Be Tamed,’ ‘Bangerz,’ ‘Younger Now’ & more recently, Plastic Hearts.’
In addition to performance tours and record sales contributing towards unprecedented levels of net-worth growth, merchandise sales and sponsorships have been significant factors, too.
She has earned money from merchandise sales and sponsorships with brands like Converse and Max Azria.
Awards and Nominations
Miley Cyrus has achieved widespread success in the entertainment industry, and her hard work and talent have been rewarded with numerous awards and nominations.
Spanning across film, television, and music, she has won accolades for her acting, singing, and songwriting abilities.
She has been presented with a variety of awards, such as Kids’ Choice Awards for “Hannah Montana” (2007 & 2008), Teen Choice Awards (2007-2009), including a Teen Choice Award for Choice Instagrammer in 2014, World Music Awards, iHeartRadio Music Awards, MuchMusic Video Awards and MTV Movie Award for Best Musical Moment for “The Climb” in 2009; among others.
Her remarkable contributions to fashion have also earned her recognition with a Teen Choice Award win for Celebrity Fashion Line in 2010.
These awards by Cyrus are reflective of her ongoing impact on the entertainment industry and further prove why she remains a beloved figure around the world.
Following the conclusion of her breakthrough role in “Hannah Montana,” Miley Cyrus embarked on a prolific acting career.
She has starred in multiple critically-acclaimed films, such as ‘The Last Song,’ which was met with commercial success and overwhelmingly positive reviews for her performance.
She also made memorable guest appearances on hit series like ‘Two And A Half Men’ and earned an Emmy nomination for her work in the popular Netflix show “Black Mirror.”
Business Ventures and Endorsements
Cyrus has been an entrepreneurial force, releasing her own fragrances and collaborating with major fashion brands.
She also tapped into the potential of brand partnerships as a powerful form of endorsement by partnering with big names like Adidas, Apple, Snapchat, and Converse – for which she received considerable success in increased fan base and earnings.
Real Estate and Personal Life
Cyrus is no stranger to investing in real estate and has built a portfolio of properties, including an opulent mansion and rustic ranch escape, plus several other L.A. area homes.
One, unfortunately, succumbed to wildfire devastation back in 2018. Moreover, she’s had her fair share of luxurious purchases, such as high-end cars and fashion pieces that track a personal style evolution spanning years.
Notably candid about struggles with substance use disorder & mental health issues, too – Cyrus’ life story stands out!
Miley Cyrus’ personal life has been of public interest for many years, particularly her relationships with high-profile celebrities such as Nick Jonas, Liam Hemsworth, and Cody Simpson.
Her most recognized relationship was with actor Liam Hemsworth, whom she met on the set of “The Last Song” in 2009 before becoming engaged in 2012. The couple parted ways in 2013 but reconciled two years later and married in December 2018 – though the marriage ended after only eight months.
After her split from Hemsworth, Cyrus was briefly linked to Patrick Schwarzenegger and Stella Maxwell before ending her one-year relationship with Cody Simpson in August 2020.
Beyond her personal life, Cyrus is a vocal supporter of various causes, including animal welfare and environmental conservation, as well as an advocate for the LGBTQ+ community.
Income From Youtube and Spotify
Miley Cyrus has also made a significant amount of money from streaming platforms like YouTube and Spotify. In 2023, Cyrus has approximately 313.624 million monthly views on her YouTube channel, which is a considerable source of income for her.
Assuming that YouTube pays $3 to $5 for every 1,000 views, Cyrus’ estimated earnings from YouTube alone could range between $940,872 to $1,568,120 per month.
This translates to roughly $11,290,464 to $18,817,440 per year, making YouTube a significant contributor to her net worth.
Additionally, Cyrus has a massive following on Spotify, with an estimated 80 million monthly listeners. Spotify pays artists between $0.003 and $0.005 per stream, which means that Cyrus could be earning between $240,000 and $400,000 per month from the platform.
This translates to roughly $2,880,000 to $4,800,000 per year, making Spotify another significant source of income for her.
While her earnings from YouTube and Spotify may not be as significant as her other sources of income, they still play a role in her overall net worth. The digital age has allowed artists like Cyrus to reach a broader audience, and streaming platforms have become an essential part of the music industry.
Miley Cyrus Net Worth 2023
As of May 2023, Miley Cyrus’ net worth is estimated to be $160 million. As a successful musician and entertainer, Cyrus has earned tremendous financial success.
Her album sales, world tours, endorsements, and acting work bolstered her net worth significantly over the years.
She also shrewdly leveraged real estate investments in Los Angeles and Nashville to further fuel her finances. Finally, interest instigated by illustrious purchases of fashion items and luxury products contributed to building up an ever-expanding wealth portfolio for Cyrus!
Her net worth has grown significantly over the years, thanks to her various projects and investments.
Frequently Asked Questions (FAQs)
Who is Miley Cyrus in a relationship with?
Miley Cyrus was in a relationship with musician Maxx Morando. They were first seen publically together in November 2021.
What is Miley Cyrus’ real name before she changed it?
Miley Cyrus’s birth name was Destiny Hope Cyrus. She legally changed her name to Miley Ray Cyrus in 2008.
How long were Miley Cyrus and Liam together?
Miley Cyrus and Liam Hemsworth had an on-again, off-again relationship for nearly 10 years. They first met on the set of the movie “The Last Song” in 2009 and began dating soon after.
They got engaged in 2012 but called off the engagement in 2013. They then reconciled in 2015 and got married in December 2018. However, they separated in August 2019, and their divorce was finalized in January 2020.
How is Miley Cyrus related to Dolly Parton?
Dolly Parton is Miley Cyrus’s godmother. Miley’s father, Billy Ray Cyrus, is a close friend of Dolly Parton, and Dolly offered to be Miley’s godmother when she was born.
The two have remained close over the years and have even performed together on several occasions.
Miley Cyrus is a perfect example of how hard work pays off.
Her success in the entertainment industry has earned her quite a fortune, with music, acting projects, business ventures, and real estate investments have contributed to her impressive net worth.
Furthermore, she uses her platform for advocacy work by spreading awareness about causes that matter to her as well as talking openly about personal struggles – attributes that have gained admiration from fans worldwide.
As Miley continues flexing her creative and entrepreneurial muscles, there’s no doubt we’ll see an even bigger increase in wealth!