Cher Net Worth 2022 – How Did She Get Rich? Exposed!

Cher Net Worth

Cher has an estimated net worth of $360 million. Cher is an American singer and actress who got her start as half of Sonny and Cher in the 1960s. She has since amassed international fame with an array of Top 10 hits and screen roles, winning an Oscar for her role in ‘Moonstruck.’ She earns the majority of her income from album sales, movies, and concerts. 

Cher rose to fame in the 1960s as part of a singing group with husband Sonny Bono, reaching No. 1 with the single “I Got You Babe” before appearing together on The Sonny and Cher Comedy Hour. Cher also built a solo career, landing chart hits such as “Gipsies, Tramps and Thieves,” “Half-Breed” and “Dark Lady.” In the 1980s she devoted herself to acting, starring in films such as Silkwood and Mask and winning an Oscar for her performance in Moonstruck.

Cher also had great success musically with rocking tracks in the 80s and the worldwide dance hit “Believe” in the late 90s. After her concert series at Caesars Palace in Las Vegas, the artist released Closer to the Truth in 2013, her first studio album in 12 years. In 2018, she made a celebrated return to the big screen in Mamma Mia: Here We Go Again!

To calculate the net worth of Cher, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of her net worth:

Name: Cher
Net Worth: $360 Million
Monthly Salary: $1 Million
Annual Income: $30 Million
Source of Wealth: Record producer, Singer, Actor, Songwriter, Entrepreneur, Fashion designer, Model, Dancer, Film director, Comedian

Cher’s Early Life

Cher was born on May 20, 1946, in a small town called El Centro, California. Her mother, Georgia Holt, was of Aboriginal descent and was an aspiring actress and model. Her father, John Sarkisian, was an Armenian-Iranian refugee.

Cher’s parents divorced at a very early age, so Cher was essentially raised by her mother. Her mother later remarried. Because Cher was dyslexic, she dropped out of high school at the age of sixteen and went into society.

Sonny and Cher

Cher dropped out of high school at the age of 16 and moved to Hollywood. She allegedly met Salvatore “Sonny” Bono, a protégé of legendary producer Phil Spector, in a coffee shop. (In fact, Cher sang backup on famous Spector songs like the Ronettes’ “Be My Baby.”) Though Sonny was not initially romantically interested in Cher, the two eventually developed a romantic relationship and married on October 27, 1964.

“I Got You Babe”

For a time, the couple practiced their act and became known as Sonny and Cher. The duo had a massive chart-topper in 1965 with “I Got You Babe” on the Atco label. Sonny and Cher had a countercultural persona with distinct bohemian stylings and continued to release popular singles such as “Baby Don’t Go,” “The Beat Goes On,” “Little Man,” and “What Now My Love.”

Cher had also signed a solo deal with Imperial. She had her first top 5 solo single with “Bang Bang (My Baby Shot Me Down)” after releases such as Bob Dylan’s “All I Really Want to Do” and “Where Do You Go.”

TV Variety Show

However, by the end of the decade, Sonny and Cher’s hits had dried up, and the couple was in serious financial trouble due to IRS debt. They developed a cabaret act after adopting what were perceived as more adult sensibilities in terms of their image. Their show, which featured a lot of comedic banter, led to the couple directing a CBS summer replacement telecast. This resulted in the launch of their own variety show, the Emmy-nominated The Sonny and Cher Comedy Hour, in 1971, which ran until 1974. Sonny and Cher’s music career was also revitalized by the show, and more top 10 hits followed in the form of “All I Ever Need Is You” and “A Cowboy’s Work Is Never Done.”

But tensions were high behind the scenes, and Cher later described Sonny as a rigid, controlling entity when it came to business. The couple divorced the next year, and Cher had her own Emmy-nominated self-titled TV show from 1975 to 1976.

Songs as a Solo Artist

During the 1960s, Cher began to establish herself as a solo artist. She was known early on for songs that were provocative in their sensibilities and spoke to her perceived status as an outsider, a mode she would eventually embrace. She had a top ten hit with “You Better Sit Down Kids,” in which she sang from the perspective of a father explaining to his children the realities of a divorce.

She had her first No. 1 solo hit with the title track from the 1971 album Gypsies, Tramps, and Thieves (originally titled Cher), which spoke of a “travelin’ show” family and teen pregnancy. Cher sang to a lover who had left her for a man in another top 10 hit, “The Way of Love.” And she topped the charts once more with the title track from her 1974 album Half-Breed, which depicted the ongoing persecution of a partially Native-American narrator caught between two worlds.

Cher was unable to work as a performer immediately after her divorce from Sonny due to contractual entanglements from their business relationships, so she took on gigs as a model. She later credited executive David Geffen with assisting her in navigating financial issues and regaining control of her career.

Cher returned to the pop top 10 by the end of the decade with the string-laden disco number “Take Me Home,” from the Casablanca label’s 1979 album of the same name.

Movies and Oscar Win

‘Silkwood,’ ‘Mask’

Cher, who had previously appeared in a few screen projects, pursued an acting career seriously in the 1980s. In 1982, she appeared on Broadway in the play Come Back to the 5 and Dime, Jimmy Dean, Jimmy Dean, and played Sissy again in the film adaptation. She earned the admiration of critics and fans alike by delivering a number of strong big-screen performances, including that of Meryl Streep’s lesbian roommate Dolly Pelliker in the 1983 drama Silkwood.

Cher was nominated for an Academy Award for best supporting actress and won a Golden Globe for the role. Then, in 1985, she starred in Peter Bogdanovich’s film Mask as the defiant, emotionally struggling mother of a son with craniodiaphyseal dyaplasia, a condition that causes the shape of his face to change dramatically.

‘The Witches of Eastwick,’ ‘Moonstruck’

Cher had a successful year in 1987, appearing in three films: the thriller Suspect (with Dennis Quaid), the mischievous supernatural romp The Witches of Eastwick (with Susan Sarandon, Michelle Pfeiffer, and Jack Nicholson), and the textured romantic comedy Moonstruck (with Olympia Dukakis and Vincent Gardenia).

Cher played Loretta Castorini, an Italian New Yorker who reclaims her sensuality and defies convention when her fiancé’s passionate brother (Nicolas Cage) pursues her (Danny Aiello). Cher won her first Academy Award for Best Actress for her widely acclaimed performance in what has become a film classic.

Cher’s ‘Turn Back Time’ Outfit on MTV

Despite her acting success, Cher returned to the music industry. She released a self-titled album the same year as Moonstruck, which included the pop/rock top 10 comeback “I Found Someone,” an emotional testament to new love. Heart of Stone, released in 1989, featured two more top ten singles, “If I Could Turn Back Time” and “Just Like Jesse James.” The singer appeared in a leather jacket and sheer body stocking, serenading a crowd of ecstatic sailors on a military carrier in the music video for “If I Could Turn Back Time.” The outfit was deemed so controversial that MTV only aired the video at night.

Cher has pushed boundaries not only with her music, but also with her extravagant, unusual costumes and barely-there accoutrements over the years. Over the years, she has frequently collaborated with designer Bob Mackie, who has created a series of theatrical and unabashedly fun outfits for the star.

Cher has also used her clothing to make a statement, such as wearing a famous black chain-link halter and matching feather headdress to the 1986 Academy Awards ceremony in protest of not receiving a nomination for her work in Mask. Fast forward to the 1989 Academy Awards, and she opted for a more understated look with Mackie, wearing a streamlined mini-dress with frills.

More Movies, TV and Music Hits

‘Mermaids’

Cher began to experience symptoms of chronic fatigue syndrome by the end of the 1980s. She continued to work in films on and off, including the drama/comedy Mermaids (1990), in which she co-starred with Winona Ryder and Christina Ricci, the HBO film If These Walls Could Talk (1996), and the historical comedy/drama Tea With Mussolini, in which she co-starred with Judi Dench, Maggie Smith, and Lily Tomlin. She later co-starred in 2010’s Burlesque with pop star Christina Aguilera, though the film did not do well commercially, with Cher also criticizing the final product.

‘Believe,’ ‘Strong Enough’

While Cher was showing off her rock chops in the 1980s and early 1990s, she scored another top 40 hit with her mainstream pop cover of “The Shoop Shoop Song (It’s in His Kiss)” from the soundtrack to Mermaids. And the singer returned to the clubs with her single “One by One,” taken from her 1996 album It’s a Man’s World.

Believe, released in 1998, firmly established the singer in dance/electronica territory, with the uptempo title track becoming a huge global hit and selling millions of copies. “Believe” also started a trend of music producers using vocoders and won a Grammy for Best Dance Recording, while the empowerment anthem “Strong Enough” also dominated the dance charts.

‘(This Is) A Song for the Lonely’

Cher’s next studio album, Living Proof, was released in the United States in 2002, after being released in Europe the year before. The album included the hit single “(This Is) A Song for the Lonely,” which was written to honor those affected by the September 11, 2001 terrorist attacks and did well on the dance charts. “Alive Again” and “A Different Kind of Love Song” were also included on the album. Following the release of Living Proof, Cher said “so long” to live performances with a 325-date farewell tour that lasted from 2002 to 2005.

Emmy Wins and More Club Hits

Cher: The Farewell Tour

Cher: The Farewell Tour, which aired on NBC in 2003, featured one of Cher’s live performances. The show received six Emmy nominations in 2003, winning three: Outstanding Variety, Music, or Comedy Special; Outstanding Camerawork, Video for a Miniseries, Movie, or Special; and Outstanding Costumes for a Variety or Music Program.

Cher auctioned off furniture, paintings, and decorative objects from her Malibu, California, home, as well as a number of personal items such as memorabilia, jewelry, and stage costumes, in 2006. The auction raised $3.5 million, with a portion of the proceeds benefiting the Cher Charitable Foundation.

Cher returned to the stage two years later, despite previously announcing her intention to retire from live performances. On May 6, 2008, she debuted Cher at the Colosseum at Caesars Palace in Las Vegas, and by the end of the series in February 2011, she had performed 192 shows.

‘Closer to the Truth’

In September 2013, Cher released her first album in 12 years. Closer to the Truth is “my best effort ever,” she told Reuters, “so I’m happy with that.” She had more success on the dance charts with album singles “Woman’s World,” “Take It Like a Man,” and “I Walk Alone.” Cher returned to the road to promote Closer in March 2014, but had to cancel dates due to a kidney infection.

Stage Productions

‘Classic Cher’

The music legend returned to the stage on February 8, 2017, with the debut of her Classic Cher show at the Park Theater at the Monte Carlo Resort and Casino in Las Vegas. Her show-stopping performance featured some of her biggest hits as well as costumes designed by Bob Mackie.

After a high-voltage performance of her hits “Believe” and “If I Could Turn Back Time,” the pop legend received the Billboard Icon Award in May 2017. She mentioned the longevity of her music career in her acceptance speech: “So I’ve been wanting to do what I do since I was four years old. I’ve been doing it for the past 53 years. That is not an applause thing; I turned 71 the other day. I can also do a five-minute plank, okay? Just a thought.”

‘Mama Mia,’ ‘The Cher Show’ 

Cher returned to the big screen in 2018 with Mamma Mia: Here We Go Again!, the sequel to the 2008 Broadway adaptation of the popular musical, which reunited her with her old co-star Meryl Streep. In September, the artist released an accompanying tribute album, Dancing Queen, and embarked on the Here We Go Again Tour.

The jukebox musical The Cher Show, which premiered in Chicago before moving to Broadway, also made its debut that year. The icon initially gave the show a mixed review, saying it “needs work,” but by April 2019, she was excited enough to perform with the cast on The Tonight Show.

Personal Life

Cher is known for speaking openly about her beliefs and experiences, and Streep has stated that the fellow singer/actress has a refreshing lack of traditional showbiz veneer. Cher dated actor/director Warren Beatty as a teen and later had romantic relationships with Geffen, actors Tom Cruise and Val Kilmer, musician Richie Sambora, and actor/pilot Robert Camilletti.

Cher has two children from her first marriage to the late Bono, who died in a skiing accident on January 5, 1998. Her son, Chaz Bono, was originally named Chastity and underwent female-to-male gender transition in 2008. Elijah Blue Allman, born in 1976, is the result of her relationship with musician Gregg Allman, whom she briefly married.

The singer/actress published her memoir The First Time in 1998 as a series of short essays. Cher, her mother, and her sister also appeared in the 2013 Lifetime documentary Dear Mom, Love Cher, which delves into their family history.

Cher Quotes

Men aren’t necessities. They’re luxuries.

Cher

 

Women are the real architects of society.

Cher

 

Until you’re ready to look foolish, you’ll never have the possibility of being great.

Cher

 

Men should be like Kleenex, soft, strong and disposable.

Cher

 

Women have to harness their power – its absolutely true. It’s just learning not to take the first no. And if you can’t go straight ahead, you go around the corner.

Cher

 

A girl can wait for the right man to come along but in the meantime that still doesn’t mean she can’t have a wonderful time with all the wrong ones.

Cher

 

I only answer to two people, myself and God.

Cher

 

If you really want something you can figure out how to make it happen.

Cher

 

The trouble with some women is that they get all excited about nothing – and then marry him.

Cher

 

Words are like weapons; they wound sometimes.

Cher

 

Yes, it’s a man’s world, but that’s all right because they’re making a total mess of it. We’re chipping away at their control, taking the parts we want. Some women think it’s a difficult task, but it’s not.

Cher

 

I’ve always taken risks, and never worried what the world might really think of me.

Cher

 

Nothing lifts me out of a bad mood better than a hard workout on my treadmill. It never fails. Exercise is nothing short of a miracle.

Cher

 

Husbands are like fires – they go out when they’re left unattended.

Cher

View our larger collection of the best Cher quotes.

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