Miley Cyrus, the multi-talented pop culture icon, has carved a remarkable path in the entertainment industry. With a career spanning acting, music, and philanthropy, she has become a household name. As anticipation builds for her upcoming single, “Used To Be Young,” set to drop on August 25, 2023, it’s the perfect time to delve into how Miley Cyrus has accumulated her wealth.
1. Hannah Montana Days:
Miley’s journey to fame began with Disney’s “Hannah Montana,” where she portrayed the titular character. The show’s success significantly contributed to her financial success, with an estimated $15,000 per episode, culminating in a staggering $134 million by the age of 18, according to Forbes.
2. Musical Ventures:
Transitioning from her Disney days, Miley embraced a music career, releasing seven studio albums and three live albums. Notable tours, like the Best Of Both Worlds Tour and the Bangerz tour, added millions to her income. Her latest album, “Endless Summer Vacation,” sold over 103,000 album equivalents in its first week.
3. The Voice Coaching:
Miley lent her expertise as a coach on seasons 11 and 13 of “The Voice,” reportedly earning $13 million per season. Her presence on the show showcased her versatility beyond singing and acting.
4. Forbes 30 Under 30:
In 2022, Miley earned a spot on the Forbes ’30 Under 30′ list, recognizing her influence. A reported $40 million deal with NBCUniversal in May 2022 for three television specials, including “Endless Summer Vacation (backyard sessions),” further enhanced her financial standing.
5. Real Estate Investments:
Miley strategically invested in real estate, acquiring properties like a Mediterranean-style Malibu mansion worth $7.9 million, a $5.8 million mansion in Franklin, Tennessee, and a $3.9 million mansion in Studio City, California.
6. Sponsorships and Partnerships:
While selective in sponsorships, Miley collaborated with Gucci’s fragrance campaign and partnered with Hims&Hers skincare. Her collaboration with the NFL for the TikTok Tailgate experience attests to her involvement in lucrative deals.
7. Philanthropy:
Miley’s philanthropic efforts, notably through the Happy Hippie Foundation, showcase her commitment to social causes. The foundation supports youth experiencing homelessness, the LGBTQ community, and other vulnerable populations. Her charitable contributions extend to supporting 44 other organizations.
8. Total Net Worth:
Celebrity Net Worth estimates Miley Cyrus’ net worth at an impressive $160 million, making her the financial powerhouse of the Cyrus family.
Miley Cyrus continues to evolve as an artist, entrepreneur, and philanthropist, cementing her status as an influential figure in the entertainment industry.
