Cher’s Net Worth After the Sale of Her Malibu Mansion!

By Aarush Sharma On Nov 4, 2022

Cher, a native of the United States, is well-known for her work in the entertainment industry. The media frequently dubs her the “Goddess of Pop,” praising her as a symbol of female independence in a traditionally male-dominated field.

Cher has had a six-decade-long career, during which she has become known for her unique contralto singing voice, as well as for working in a wide array of entertainment fields and experimenting with many different looks and styles.

As half of the folk-rock husband-and-wife combo Sonny & Cher, Cher rose to fame in 1965 after their single “I Got You Babe” reached number one on the US and UK charts. They achieved a combined global sales total of 40 million albums.

Both “Bang Bang (My Baby Shot Me Down)” and “You Better Sit Down Kids” were top ten hits during this time, launching her solo career at the same time. In the 1970s, she rose to fame as the host of two hits CBS shows: the comedy variety show The Sonny and Cher Comedy Hour, which attracted an average of over 30 million people per episode during its three-year run, and the self-titled Cher.

She became a style icon because of the lavish ensembles she wore during her appearances. Keep reading if you’re interested in learning more about her fortune.

The Beginnings of Cher’s Life

In El Centro, California, on May 20, 1946, was born Cherilyn “Cher” Sarkisian. Cher was born to Georgia Holt and John Sarkisian.

Cher’s father was absent from her life for the first few months of her life, and her parents split up when she was just ten months old. Cher’s half-sister Georganne was born to her mother when she married actor, John Southall.

What is Cher’s Net Worth at This Point?

The American singer, actress, and television personality Cher has a net worth of $360 million. Cher’s career has spanned several decades, and she is now widely recognized as a cultural icon. She is one of the best-selling musicians of all time, having sold over 100 million records.

She has won numerous awards at various film festivals and ceremonies, including the Cannes Film Festival and the Grammy, Emmy, Academy, and Golden Globe ceremonies.

After finding fame in the mid-1960s as half of the groovy, drug-free music duet Sonny and Cher, Cher went on to become a television phenomenon, first as a co-star on the hugely successful “Sonny & Cher Comedy Hour,” and later as the star of her own program, “Cher,” which ran into the 1970s.

She became famous after headlining her own performances in Las Vegas, but she eventually returned to Hollywood due to promising film roles. In the 1980s, she starred in several critically acclaimed films like “Silkwood,” “Mask,” “The Witches of Eastwick,” and “Moonstruck” after a triumphant comeback.

After winning an Academy Award for her performance in “Moonstruck,” she quickly returned to the top of the music charts with her smash album “Heart of Stone.” She is the first performer in history to have had a number-one single on the Billboard Hot 100 in each of the last six decades, and she is the only artist in history to have won an Oscar, a Grammy, an Emmy, a Golden Globe (three times), and the Best Actress award at Cannes.

Investment in Real Estate

Cher has owned a wide variety of both expensive and modest homes around the world, but her primary residence has always been in the Los Angeles area. A Beverly Hills home she shared with Sonny Bono, for instance, fetched $90 million in September 2016.

For the better part of three decades, Cher’s primary residence has been an absolutely breathtaking Italian Renaissance-style villa perched on the Malibu cliffs above the ocean. The 1.7-acre bluff-top estate has a main house that spans three stories and 14,000 square feet, as well as a tennis court, pool, and guest house.

When Cher found a piece of land in need of development in 1992, she wasted no time getting to work on a home that would later be featured in Architecture Digest. She put the home on the market in August of 2008, shortly before the market crashed, for $45 million. She was unable to sell the home and currently holds the title.

She sold a bay-front home in Key Biscayne, Florida, for $8.8 million in 2006. She made a minor loss when she sold a Beverly Hills home for $2.073 million in 2019.

Relationships

Cher gave birth to their daughter Chaz Bono (born Chastity Bono) in March of 1969, and they were married later that year. In February of 1974, Sonny filed for divorce from Cher, citing “irreconcilable differences,” and Cher responded by filing for divorce herself, alleging that he had withheld funds from her and taken a portion of their joint income.

In June of 1975, the court case that ensued over their finances and child custody was resolved. In the midst of her split from Sonny, Cher dated record producer David Geffen. Cher filed her divorce from musician Gregg Allman just nine days after they were married, following her wedding to Allman, which took place just four days after her divorce from Sonny was finalized.

In spite of this, they were able to patch things up and have a son, Elijah Blue, in July of 1976. As of 1979, Cher and Allman are no longer together. Gene Simmons, Eric Stoltz, Tom Cruise, and Richie Sambora are among the famous men Cher has dated. Cher’s global real estate portfolio is worth an estimated $100 million.

Her $50–$70 million Malibu estate is highlighted by an Italian home. Although she is revered by many in the homosexual community, she clearly has a wide range of admirers. Cher is a legendary star who is still very much involved in the entertainment and charity worlds.

Final Words

Cher is an American singer, actress, and television personality. Often referred to by the media as the “Goddess of Pop”, she has been described as embodying female autonomy in a male-dominated industry. She has a net worth of $360 million.

Cherilyn “Cher” Sarkisian was born on the 20th of May, 1946, in El Centro, California. Cher is the daughter of John Sarkisian and Georgia Holt. Cher has owned a lot of lavish and less-than-luxurious properties all around the world, particularly in Los Angeles. Cher married Sonny Bono officially in 1969, shortly after she gave birth to their child Chaz Bono born in March of that year.