I've read in a few places recently that teenage starlet Miley Cyrus is on the verge of becoming a billionaire. Most recently, this speculation has appeared over at Digital Spy.
I'm sorry, but this is complete nonsense. The article, written by Beth Hilton, says...
"According to People, the franchise will be worth £500 million by 2009, while Cyrus earned £9 million last year alone."
There's a few points to make here. Firstly, it's £500 million. So she wouldn't actually be a billionaire here at all. Secondly, it's the franchise that would be worth £500 million. Specifically, that's the Hannah Montana franchise. The one that's owned by Disney, not by Miley Cyrus. Thirdly, look, it says she earned £9 million last year, hardly the kind of earnings that will make you a billionaire.
So, far from Miss Cyrus becoming a billionaire, by this time next year she'll probably be worth something closer to, ooooh, lets be generous and say £50 million. Not bad at all, but far from billionaire status.
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