Although her father, country music legend Billy Ray Cyrus, is a multimillionaire, Miley Cyrus has a more considerable fortune. Miley Cyrus, a former child star, made her acting debut in 2001, at the age of eight, costarring with her father in the TV series Doc.
At age 12, she landed the role of a lifetime on Disney Channel’s series Hannah Montana. She played a teenager who has to juggle two identities, that of an ordinary adolescent and that of the anonymous pop diva Hannah Montana she fabricated for herself.
As an adult, Miley has become a pop singer, performer, and music video queen with a dedicated fan base. But, Miley’s considerable wealth comes from her family’s artistic genes On December 31, 2022, she co-hosted New Year’s Eve with her godmother, country music great Dolly Parton. What is known about Miley Cyrus’ wealth is detailed here.
Miley Cyrus’ Net Worth
Celebrity Net Worth estimates Miley Cyrus’ wealth at $160 million, most of which she amassed before she turned 18. Destiny Hope Cyrus was born on November 23, 1992, although everyone called her “Smiley” from an early age.
Miley Cyrus legally changed her name in 2008, shortening her previous name to Miley Cyrus. She is the first child of Billy Ray and Tish Cyrus, and she has surpassed her father, the country music legend, as the wealthiest Cyrus, with an estimated net worth of over $20 million. Her younger sister, Noah Cyrus, is also a successful singer.
What was Miley Cyrus’ Hannah Montanasalary?
For five years (four seasons of the show and two movies), Miley pretended to be a famous pop sensation called Hannah Montana on television. She reportedly earned up to $450,000 per season on Hannah Montana or $15,000 per episode. Nonetheless, in an interview, Miley claimed to be one of the show’s most underpaid performers.
“I did not grow up spoiled in any way. I just wanted to be on TV,” she told Elle in 2016. “I mean, at one point—they’ll probably kill me for saying it—I was probably the least paid person on my cast because I didn’t know any better.
“I was just like, ‘I can be on Disney? Yeah, I want to do it!’ My name was Miley on my show, but I didn’t own my name—we didn’t think about that.”
Each of the two Hannah Montana films did well at the box office. According to Disney, Hannah Montana: The Movie earned $155 million at the box office worldwide in 2009, setting a new record for G-rated live-action movies. Even though it was a work of fiction, Miley claims that the story’s themes are all too real.
The pop artist admitted this when being interviewed on the Rock This With Allison Hagendorf podcast.
“Talk about an identity crisis. I was a character almost as often as I was myself,” Miley explained. “The concept of the show is that when you’re this character, when you have this alter ego, you’re valuable.
“You’ve got millions of fans, you’re the biggest star in the world. Then the concept was that when I looked like myself … when I didn’t have the wig on anymore, no one cared about me. I wasn’t a star anymore.”
Speaking on that point in an interview with Rolling Stone, she said-
“I had to evolve because Hannah was larger than life, larger than me. I felt like I was never going to amount to the success of Hannah Montana,” she reflected.
“Really, Hannah Montana was not a character. That wasn’t what the show is about. It was about a normal girl with a f*cking wig on. Everything was always in me. The concept of the show, it’s me. I’ve had to really come to terms with that and not be third-person about it.”
Miley posted a letter to Hannah Montana in 2021, the year the show would have been 15 years old.
“Although you are considered to be an ‘alter ego’ in reality, there was a time in my life when you held more of my identity in your glovette than I did in my bare hands,” she wrote.
“We had an equal exchange in which you provided a superlative amount of fame in return for the anonymity I could gift to you. But, a lot has changed since then.”
Though she got her start in the TV industry, Miley’s music has always been her bread and butter and the source of the vast majority of her income. After launching her career with a concert in Orlando in 2006, she signed a four-album contract with Hollywood Records.
Hannah Montana 2: Meet Miley Cyrus was published in June 2007 as a two-disc set. The first disc featured the show’s music, while the second disc was Miley’s first proper studio album.
It debuted at the top of the Billboard 200 and has subsequently been certified triple-platinum for sales of three million or more copies by the Recording Industry Association of America (RIAA).
The Best of Both Worlds tour, in support of the record, was commercially successful, earning $54 million by the tour’s end. It was filmed as Hannah Montana and Miley Cyrus: Best of Both Worlds Concert, which grossed $70 million worldwide.
2013’s Bangerz album and its most talked-about single, “Wrecking Ball,” saw Miley putting her days as a child star behind her. The song’s iconic music video had Miley riding a real steel wrecking ball while completely undressed.
That propelled her into the realm of internet memes, and Miley would come to regret her artistic decisions after looking back on the video several years later.
“That’s something you can’t take away, swinging around naked on a wrecking ball lives forever,” she explained on the Zach Sang Show. “Once you do that… it’s forever. I’m never living that down. I will always be the naked girl on the wrecking ball.” She went on to say, “That’s my worst nightmare…that being played at my funeral.”
After starting at number 50 on the Billboard chart, the controversial video helped propel the song to the top spot, where it has stayed and where three million copies have been sold. If the Bangerz record went on tour, it would gross $62.9 million.
“I didn’t realize [Bangerz] was going to shift me into truly being my own person. It changed my life,” she said on CBS Sunday Morning for their For The Record series in 2017. “I felt like that divide, that boundary was cleared.”
“Soon after, she performed at the VMAs, dressed in a sexy teddy bear costume, alongside “Blurred Lines” singer Robin Thicke. “Everyone in the entire world knew I had dressed up as a teddy bear and danced with Robin Thicke.
“Everyone talked about it for a really long time.” She adds, “I was just doing what I wanted to do and I wasn’t hurting anybody, so that was the good thing.”
Miley acted as host for a New Year’s Eve special in 2021 and again in 2022. Miley hosted in 2021 in Miami, Florida, with SNL alum Pete Davidson, and in 2022 in Nashville, Tennessee, with her godmother and country music superstar Dolly Parton.
“One thing I think that gets focused on at New Year’s time is what’s to come, being optimistic, being hopeful, about all these things that haven’t happened yet that we have no proof are going to happen,” Miley said on The Tonight Show Starring Jimmy Fallon.
“We kinda erase everything that did happen and we forget to honor it and look backward too.”
Miley has released a total of 37 singles, 3 live albums, 4 extended plays, and 8 studio albums. Endless Summer Vacation, released in 2023, was the previous disc. After selling over 55 million singles and 20 million albums, Miley was placed number nine on Billboard’s list of the 200 Greatest Female Artists of All Time.
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