Cher Denies She’s Worth $600 Million

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November 19, 2010 | 2:15pm EST

Veteran entertainer Cher has laughed off reports her net worth stands at over $600 million, insisting the figure is “nothing like that”.
The Oscar and Grammy winner has built up a massive personal fortune from her singing and acting careers since shooting to fame in the 1960s as part of pop duo Sonny & Cher.

She has spent the past three years performing a Las Vegas residency at the Colosseum at Caesars Palace hotel and casino, banking $60 million for the show, which will end in January.

But Cher is adamant speculation about her personal fortune is wholly inaccurate.

In an interview on news show 20/20, she says, “It doesn’t even resemble anything like that! I’m doing fine but it’s nothing like that! I came from a place where I had to wrap my shoes with rubber bands to keep the soles on! (But) I know how to appreciate it.”

The candid chat will air on Friday night.