Miley Cyrus, a name synonymous with pop culture, has been captivating audiences since her early days as the beloved Hannah Montana. With her godmother being none other than the legendary Dolly Parton, her path to stardom seemed inevitable. As we step into 2023, Miley continues to assert her dominance in the pop culture arena, and her $160 million net worth is equally captivating.
Miley Cyrus: A Glimpse into Her Musical Journey
Miley’s hit single Flowers served as the leading track from her latest album, “Endless Summer Vacation,” released on March 10, 2023. The song’s astounding success, holding the number one position on the Billboard Charts for eight consecutive weeks, is a testament to Miley’s enduring popularity.
Even months after its release, Flowers continues to captivate audiences, currently resting at number nine on the charts. Such longevity in the music industry is a remarkable achievement, further solidifying her place as a pop icon.
A Journey Beyond Hannah Montana
Miley Cyrus’s financial success is not solely attributed to her early days as Hannah Montana. Let’s delve into her diverse sources of income that have contributed to her net worth.
While Hannah Montana marked her breakthrough, Miley’s journey didn’t stop there. She transitioned from being a secret rock star on TV to an accomplished musician, releasing a total of seven studio albums and three live albums. Her music career has been incredibly lucrative.
In addition to her music, Miley’s tours have been major sources of income. Her Best Of Both Worlds Tour from 2007 to early 2008 earned more than $54 million. The “Bangerz Tour” was even more lucrative, reportedly netting over $62 million. Numerous other multi-million dollar tours have solidified her financial standing.
Her most recent album, “Endless Summer Vacation,” had a successful debut, selling over 103,000 album equivalents in its first week. “Flowers” emerged as the biggest hit of Miley’s career, according to Billboard.
Beyond Music: Diversified Ventures
Miley Cyrus’s net worth is not solely dependent on her music career. Her ventures extend beyond the stage and studio.
Miley graced our screens as a coach on seasons 11 and 13 of The Voice. While her salary for these appearances was not publicly disclosed, it’s known that she reportedly earned a substantial $13 million per season.
In 2022, Miley Cyrus made it to the esteemed Forbes “30 Under 30” list, a recognition of her substantial influence in the industry. Her increasing impact is further underlined by a $40 million deal with NBCUniversal in May 2022 to produce three television specials.
Real Estate Investments and Brand Partnerships
Miley’s real estate ventures have added to her financial portfolio. She acquired a Mediterranean-style mansion in Malibu in 2022 for $7.9 million, offering stunning views of the ocean, whitewater, canyon, and mountain vistas. Additionally, she owns a $5.8 million mansion in her hometown of Franklin, Tennessee, and a $3.9 million mansion in Studio City, California.
While not highly focused on sponsorships, Miley has engaged in some high-profile collaborations. She appeared in Gucci’s “Flora Gorgeous Jasmine Eau de Parfum” campaign and partnered with Hims&Hers skincare. Her partnership with the NFL for a TikTok Tailgate experience in 2021 is a testament to her marketability and commercial success.
A Philanthropic Heart: Miley Cyrus’s Net Worth in 2023
Miley Cyrus is not just about wealth accumulation; she is also known for her philanthropic efforts. In 2014, she established the Happy Hippie Foundation, which supports youth experiencing homelessness, the LGBTQ community, and other vulnerable populations.
In conclusion, Miley Cyrus’s journey from her early days as Hannah Montana to becoming a global music sensation, philanthropist, and multi-faceted entertainer is a testament to her enduring success. With a net worth of $160 million, she continues to be a dominant force in the entertainment industry.