Meryl Streep and Cher among stars at premiere of Mamma Mia sequel

But don't wait until the weekend to celebrate Donna and the Dynamos because today, July 17, is actually Mamma Mia Day. Here We Go Again world premiere in London.

According to The Richest, Cher's net worth is approximately $305 million.

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"Because she's lived a much longer life than I have", she added, jokingly referring to the fact that Cher is 72, only three years older than Streep herself. "Mamma Mia! Here We Go Again" marks her first onscreen role since 2010's "Burlesque". We haven't even gotten to Cher yet, who arrives like a benevolent rock deity and turns the last 20 minutes of the film into a personal concert.

Making a bold appearance, Cher wowed crowds at the Eventim Apollo in an all black ensemble featuring wide leg trousers, a long back coat and a racy sheer bralet.

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Speaking with TODAY about the movie (via Rolling Stone), Cher revealed that she enjoyed singing the classic disco pop music so much that she made a decision to put he own touch on more of the material. Admittedly, I could've watched the whole 90 minutes just of Lily, over jumping back and forth to see Sophie's quest to open Hotel Bella Donna unfold. And while Cher plays Streep's mother in the Mamma Mia! movie (and grandmother to Amanda Seyfried's character), the two are actually only a few years apart in age in real life.

"After I did "Fernando" [in the movie] I thought it would really be fun to do an album of ABBA songs, so I did". Taking place 5 years after the events of the first film, we learn right away that Donna has passed, though we're never told exactly how. "Here We Go Again" is escapist fluff of the highest order - joyful, filled with beloved pop songs and incredibly freakish.

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Streep laughingly explained that Cher "appropriately" plays her mother in the long-awaited sequel - which is once again based on the classic hit songs by Swedish pop group ABBA.

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