Billy Ray Cyrus Net Worth 2024, Divorce Payments (FORBES)

Posted by Maryanne Delima on Wednesday, June 12, 2024
Site Logo Profile Billy Ray Cyrus

American Singer-Songwriter and Actor

$28 Million $6 Million (17%) Real Time Net Worth
#95 in Singers today

As of 2024, Billy Ray Cyrus has a net worth of $28 million. He also made TV appearances alongside his daughter Miley Cyrus, making an estimated $50,000 per episode, according to Forbes.

Divorce Settlement

Billy Ray Cyrus has reached a divorce settlement with his wife, Tish Cyrus. As part of the settlement, Cyrus will pay Tish a $6 million lump sum and give her several properties, including a 4-bedroom villa in Franklin, Tennessee, and a vacation home in Malibu, California.

The divorce settlement is a major financial blow to Cyrus. His net worth is estimated to be around $28 million, so the $6 million lump sum payment represents a significant portion of his wealth. He is also giving up two of his most valuable assets.

Billy Ray Cyrus Net Worth 2024 (Forbes)

Net Worth$28 million
Net Worth before Miley$10 Million
Annual Income$5 Million
Concert Earnings$250k per show
Bank Balance$1.6 Million
Stock Portfolio$2.4 Million

Real Estate Investments

Billy Ray Cyrus lives on a sprawling 200-acre farm in Thompson’s Station, Tennessee, just outside of Nashville. He bought the property in 1999 for $5 million from George Strait.

The farm features a 10,000-square-foot main house, a guest house, a recording studio, a barn, and a swimming pool.

Top Earning Music

Song/AlbumRevenue
Achy Breaky Heart$20 million
Some Gave All$9 million
Storm in the Heartland$6 million
It Won’t Be the Last$4 million
Home Sweet Home$3 million

Business Losses

In addition to his music and acting career, Cyrus is also a businessman. He has his clothing line, record label, and production company.

But don’t be surprised, he lost big in these businesses. For instance, his production company went bankrupt after millions were swindled away by his managers, due to lack of oversight.

What ever money he lost through his production company, Billy Ray Cyrus was able to recover his wealth through clothing line and sale of merchandise.

Personal Life

Cyrus has been married twice. He married Cindy Smith in 1986, and they had one son, Christopher Cody, before divorcing in 1991.

He married Tish Finley in 1993, and they had two daughters, Miley and Noah, and two sons, Braison and Trace.

Cyrus and Tish Cyrus announced their separation in 2022, and they filed for divorce in 2023.

FAQs

How much money did Billy Ray Cyrus make off of Achy Breaky Heart?

Billy Ray Cyrus made an estimated $20 million off of his hit song "Achy Breaky Heart." The song was a crossover hit, reaching number one on both the Billboard Hot Country Songs chart and the Billboard Hot 100 chart.

How does Billy Ray Cyrus make money?

Cyrus has released 16 studio albums, 5 live albums, and 53 singles. His music has sold millions of copies worldwide, and he continues to earn royalties from these sales. Cyrus has his own clothing line, record label, and production company. He also owns a number of restaurants and other businesses.

Who has more money Miley Cyrus and Billy Ray Cyrus?

Miley Cyrus has more money than Billy Ray Cyrus. Miley Cyrus' net worth is estimated to be $160 million, while Billy Ray Cyrus' net worth is estimated to be $28 million.

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