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A Millionaire's Cheesecake with slices of Millionaire shortbread on top.

Millionaire's Cheesecake

Course: Dessert
Cuisine: American, British
Keyword: Millionaire's Cheesecake, No Bake Cheesecake
Skill level: More Effort
Prep Time: 35 minutes
Cook Time: 0 minutes
Chilling time: 12 hours
Total Time: 35 minutes
Servings: 10 slices
Calories: 895kcal
Author: Amy Treasure
A Millionaire's Cheesecake with a shortbread biscuit base a delicious homemade caramel layer followed by a creamy caramel cheesecake filling and topped off with chocolate ganache.
Print Recipe


For the biscuit base

  • 250 g shortbread biscuits
  • 75 g unsalted butter melted

For the caramel layer

  • 175 g unsalted butter
  • 75 g caster sugar
  • 3 tbsp golden syrup
  • 300 g condensed milk

For the cheesecake filling

  • 340 g full fat cream cheese
  • 50 g caster sugar
  • juice of half a lemon
  • 1 tsp vanilla extract
  • 50 g carnation caramel
  • 125 ml double cream

For the chocolate ganache topping

  • 150 g 70% cocoa dark chocolate
  • 150 ml double cream

For the decorration

  • 150 ml double cream
  • 10 squares Millionaire's shortbread
  • gold sprinkles


  • Use a food processor to blitz the shortbread biscuits to a fine crumb. If you don't have a food processor put the biscuits into a ziplock bag and bash them up with a rolling pin.
  • Melt the butter in the microwave - this usually takes about 45 seconds. Pour the melted butter into the biscuit crumbs and mix well.
  • Transfer the biscuits into a baking tin and press them down using your hands, or a spoon. Put the baking tin into the fridge while you make the caramel.
  • Put the butter, sugar, golden syrup and condensed milk into a medium saucepan over a high heat. Stir continuously using a wooden spoon or rubber spatula. Let the caramel boil for 5-7 minutes, it's ready when it's a deep golden colour and has a fudge-like consistency. When it's ready take the pan off the heat and leave the caramel to cool for 20 minutes.
  • Pour the cooled caramel over the biscuit base and put the baking tin back in the fridge while you make the filling.
  • Put the cream cheese and caster sugar into a large mixing bowl and beat together using an electric handheld whisk. Add the lemon juice, vanilla extract and Carnation caramel and beat again.
  • In a separate bowl, whisk the double cream until it forms stiff peaks. Transfer the whipped cream into the cream cheese mixture and fold the mixture together.
  • Check the caramel layer has cooled and is set. Spoon the cheesecake filling on top of the caramel layer and smooth with the back of a spoon. Cover with clingfilm and chill for at least 12 hours.
  • Chop the chocolate into small pieces and put them into a heatproof bowl. Pour the double cream into a small saucepan and place it over a medium heat. Remove from the heat just before it reaches boiling point. Pour the hot cream over the chopped chocolate and leave it to sit for a few minutes. 
  • Next, vigorously mix the cream and chocolate mixture using a rubber spatula or wooden spoon. The ganache will look thick and glossy. Pour it on top of the cheesecake filling and then put the baking tin back into the fridge for about an hour to set.
  • When the ganache has set you can remove the cheesecake from the baking tin. Whip the double cream to soft peaks and put it into a piping bag fitted with an open star nozzle. 
    Pipe swirls of cream on top of the cheesecake and decorate each swirl with a square of Millionaire's shortbread. Add some gold sprinkles for a final flourish.



  • This recipe is gluten free, nut free, egg free and suitable for vegetarians. 
  • You can make this recipe using a handheld electric whisk, a stand mixer with the paddle attachment fitted or with a good old fashioned wooden spoon!
  • Don't press too hard when adding the biscuit crumbs into the baking tin otherwise you'll have trouble releasing the cheesecake from the bottom of the tin.
  • When making the caramel it's really important to stir it continuously otherwise it will burn and/or crystallise.
  • If the caramel layer isn't cool and set by the time you've made the cheesecake filling, put the bowl of cheesecake filling into the fridge until you're ready to add it to the caramel layer.
  • Once the cheesecake filling has been added make sure it's refrigerated for at least 12 hours.
  • The ganache layer will take about an hour to set but you can leave it overnight if you want to.
  • To release the cheesecake from the base of your tin, run a sharp knife around the bottom edge of the cheesecake and ease it off the tin.
  • To tidy up the edges of the cheesecake, smooth it with a sharp knife or a palette knife.
  • Storage: leftovers should be stored in the fridge and will keep for 3-4 days. Millionaire's Cheesecake freezes well (without any decoration) for up to 3 months.


Calories: 895kcal | Carbohydrates: 53g | Protein: 7g | Fat: 56g | Saturated Fat: 32g | Cholesterol: 165mg | Sodium: 297mg | Potassium: 219mg | Fiber: 1g | Sugar: 39g | Vitamin A: 1808IU | Vitamin C: 1mg | Calcium: 161mg | Iron: 1mg