Cher, an iconic figure in the music and entertainment industry, is known worldwide for her unique style and remarkable talent. Her impressive career has not only earned her countless accolades but also a massive fortune. Let's delve deep into the wealth Cher has amassed over her illustrious career, her sources of income, and how she spends it.
Table of Contents
- Cher's Net Worth
- Sources of Income
- Cher's Real Estate Investments
- Cher's Automobile Collection
- Cher's Concert Earnings
- Cher's Philanthropy
- Cher's Early Life and Career
- Cher's Marriages and Children
- Comparison with Other Female Singers
- Frequently Asked Questions
Cher, born as Cherilyn Sarkisian, is an American singer, actress, and television personality who has carved a niche for herself in the entertainment world. She legally changed her name to 'Cher' in 1979 and has since been known by this single name worldwide. With a career spanning multiple decades, Cher has a discography that boasts over 100 million records sold globally, earning her a place amongst the most successful music artists in history. Her vibrant career includes chart-topping hits like "Believe," "Strong Enough," "If I Could Turn Back Time," and "All I Really Want To Do."
Cher's Net Worth
According to various sources, Cher's colossal net worth stands at an estimated $360 million. This vast fortune accumulated over the years is a testament to Cher's profound talent and business acumen.
Sources of Income
Cher's primary source of income is her prolific music career. She kickstarted her career as part of the duo Sonny & Cher in the mid-60s, releasing several hits that catapulted her to fame. Her first solo album, "3614 Jackson Highway," released in 1969, marked the beginning of her successful solo career. During the 1980s, Cher enjoyed a resurgence in her music career with hits like "If I Could Turn Back Time."
Cher's acting career has also significantly contributed to her wealth. She has been part of multiple successful film projects, such as "The Witches of Eastwick," "Mermaids," "Burlesque," and "Mama Mia! Here We Go Again." One of her most significant roles was in "Moonstruck," for which she won the Academy Award for Best Actress.
Cher's Real Estate Investments
Cher's vast real estate portfolio has played a significant role in her wealth accumulation. She has owned several properties, particularly in the Los Angeles area. Her first home in Beverly Hills, which she shared with Sonny Bono, was sold for a whopping $90 million in 2016.
In 2006, Cher purchased a $4.5 million condo in the Sierra Towers building in LA. After remodeling the condo to give it a Buddhist-inspired look, she sold it in 2015 for $5.25 million. Cher's most significant real estate investment is her Italian Renaissance-style mansion in Malibu. She purchased the 1.7-acre property in 1989 for $2.95 million and listed it for sale in 2022 for an astounding $75 million.
Cher's Automobile Collection
Back in the 1960s, Cher and Sonny Bono were gifted a pair of matching Ford Mustangs by Ford Motor Company. Sonny's Mustang was painted Murano Gold, while Cher's was Hot Candy Pink.
Cher's Concert Earnings
Cher's concerts and live performances have also contributed significantly to her net worth. Her Las Vegas residency from 1980 to 1982 reportedly earned her $300,000 per week. Cher's concert tickets have typically ranged from $60 to over $1,000, depending on the venue and seating location.
Cher is not just a talented artist but also a generous philanthropist. She has been involved in various charitable endeavors, including AIDS research and homelessness projects. She even established her own foundation, the Cher Charitable Foundation, which supports various international projects.
Cher's Early Life and Career
Cher was born in El Centro, California, on May 20, 1946. Her parents divorced when she was only ten months old, and she was raised by her mother. Cher moved to Los Angeles at 16 to pursue her dreams in the entertainment industry. Here, she met performer Sonny Bono, and the duo began their career together, leading to their success as Sonny & Cher.
Cher's Marriages and Children
Cher has been married twice. Her first husband was Sonny Bono, whom she married in 1964 and divorced in 1975. The couple had one child together, Chaz Bono. Shortly after her divorce from Sonny, Cher married musician Gregg Allman, with whom she had a son, Elijah Blue.
Comparison with Other Female Singers
While Cher's net worth is impressive, it falls short when compared to other female artists. Celine Dion, for instance, has a reported net worth of $800 million, and Madonna boasts a staggering net worth of $850 million.
Frequently Asked Questions
What is Cher's net worth?
Cher's net worth is estimated to be $360 million.
How did Cher accumulate her wealth?
Cher's wealth comes from her successful music and acting careers, her lucrative concert residencies, and her savvy real estate investments.
How does Cher's net worth compare to other female singers?
While Cher's net worth is substantial, it is less than that of other successful female artists like Celine Dion and Madonna.
How many children does Cher have?
Cher has two children: Chaz Bono from her marriage with Sonny Bono, and Elijah Blue from her marriage with Gregg Allman.
In conclusion, Cher's net worth of $360 million is a testament to her long and successful career in the music and entertainment industry. Her wealth, accumulated over decades of hard work, astute investments, and successful ventures, mirrors her talent and business acumen. As she continues to remain active in the industry, her net worth is likely to grow even further.