Miley Cyrus, the renowned singer and actress, recently shared a glimpse into her early financial decisions. In an interview with The New York Times, published on May 31, Cyrus revealed that her first significant purchase was a black perforated Alaia belt.
Cyrus, now 32, expressed a deep emotional attachment to the belt, which she still owns. According to the Alaia website, similar belts currently retail for between $850 and $1,750. This purchase highlights a common trend among celebrities.
Cyrus, who rose to fame as a child actor on the Disney Channel's "Hannah Montana," has maintained her interest in high-end fashion. She wore a custom outfit by the brand at the 2025 Met Gala. In December, she acquired a vintage Bob Mackie dress at auction.
Other celebrities have also made notable first purchases. NFL star Travis Kelce spent approximately $10,000 on limited-edition Nike Air MAGs. Bowen Yang, from "Saturday Night Live," bought a pair of Gucci shoes with his first paycheck.
Retired NBA star Shaquille O'Neal spent his first $1 million on his mother's house, three Mercedes-Benz vehicles, and jewelry. Financial experts advise against hasty spending after receiving a windfall. They recommend consulting with estate and tax advisors to avoid unnecessary taxes.
Comedian Kevin Hart admitted to making regrettable purchases early in his career. He bought throwback jerseys from various athletes, regretting the amount spent. Hart emphasized the importance of understanding the value of money.