How much is Selena Gomez’s net worth? How much does she make?
Discover How much is Selena Gomez net worth, a reflection of her multifaceted career spanning music, acting, and philanthropy, inspiring millions worldwide. The American social media superstar Selena Gomez’s net worth is estimated at $800 million. She is known for her work as a singer, actress, producer, composer, and more. Selena Gomez’s makeup line “Rare Beauty” is largely responsible for her enormous wealth as seen in the section below.
One of the most famous people in the world, Selena Gomez, got her start as a child actress on programs like Barney & Friends. Unlike other Disney starlets, Selena Gomez has avoided scandals to a greater extent. Ms. Gomez has maintained an astonishing level of composure despite her celebrity, hectic schedule, a high-profile romance with Justin Bieber, and everything Disney, in contrast to Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato.
The singer/actor/dancer began performing professionally at age 7 on “Barney & Friends” and then started working for the Disney Channel in a recurring role on Seasons 2 and 3 of “Hannah Montana”. She landed a starring role on the hit show “Wizards of Waverly Place” in 2007.
From there, she went on to be featured in films such as “Another Cinderella Story”, “Princess Protection Program”, and “Ramona and Beezus”. She is now an endorser and actress who is in great demand. “Only Murders in the Building” is a Hulu series. Selena joined Steve Martin and Martin Short in 2021.
Along with her acting career, she began a fruitful musical career with Selena Gomez & The Scene, releasing three studio albums. All three albums have reached Gold status.
Selena Gomez is among the world’s highest-paid endorsers due to her immense popularity on social media. At the time of this writing, she was the first female Instagram user to reach 400 million followers and she has over 58 million TikTok followers. Nearly thirteen billion people have viewed her videos on YouTube, and she has over thirty-three million subscribers.
As a UNICEF Goodwill Ambassador, she dedicates her time when not performing, recording, filming, or rehearsing.
Selena Gomez’s net worth became an investor and proprietor with the ice cream company Serendipity. September saw the debut of her cosmetics line, “Rare Beauty.” Additionally, she is an investor in Gopuff, a meal delivery service, and co-founded the “Wondermind” platform for mental wellness.
Strength through adversity: Selena Gomez’s inspiring journey
For many fans, Selena Gomez is a name synonymous with grace, resilience, and relentless determination. She has navigated the choppy waters of fame, health challenges, and personal trials and earned a massive following along the way.
Who is Selena Gomez?
Selena Gomez is a multi-talented American singer, actress, and producer who gained fame initially through her role as Alex Russo on the Disney Channel television series “Wizards of Waverly Place.” Born on July 22, 1992, in Grand Prairie, Texas, Gomez began her acting career early with appearances in various television shows and films.
Her breakthrough in the music industry came with the formation of her band Selena Gomez & the Scene, with which she released several successful albums, including “Kiss & Tell” (2009), “A Year Without Rain” (2010), and “When the Sun Goes Down” (2011). Gomez’s solo music career also thrived, with hits like “Come & Get It,” “Good for You,” and “Lose You to Love Me.”
Apart from her entertainment career, Selena Gomez is also known for her philanthropic work. She has been involved in various charitable causes, including UNICEF, and she launched her own nonprofit organization called the Selena Gomez Fund for Lupus Research, advocating for increased awareness and research funding for lupus, a disease she herself has battled.
Throughout her career, Selena Gomez has received numerous awards and accolades for her work in both music and acting. She remains a prominent figure in the entertainment industry, admired for her talent, versatility, and commitment to using her platform for positive change.
Exquisite Rarity and Additional Assets
In addition to her fame as an actress and singer, Selena has achieved great success as an entrepreneur and investor.
Wondermind, a startup focused on mental wellness, was co-founded by Selena. Wondermind raised $5 million, with a valuation of $100 million. Among the investors that participated in the round were Sequoia Capital and Lightspeed Venture Partners, with Serena Williams’s Serena Ventures serving as the lead. Wonderkind creates various content, including social media channels, site content, a newsletter, a podcast, and more, and markets itself as a “mental fitness” company.
Regarding Selena’s wealth, her role as founder of Rare Beauty, a cosmetics brand, is paramount. Sephora was the only retailer to carry Selena’s Rare Beauty collection when it was released in September 2020. The album Rare Beauty has exploded in the charts. The business made almost $100 million that year.
Rumor has it that in 2023, it will have made $300 million. Rare Beauty is currently worth at least $1.2 billion, based on a conservative 4x revenue multiple and the assumption that $300 million is accurate.
Products like liquid foundation, lip liner, and blush are some of Rare Beauty’s most popular items since they are reasonably priced, easily available, and simple to use. The price range for most things is $5 to $30.
One per cent of every sale goes to Rare Beauty’s charitable fund. With the help of donor events, the fund has amassed almost $5 million so far.
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Selena Gomez’s rise to stardom
Formative Years
Selena Gomez was born in Grand Prairie, Texas, on July 22, 1992. Her father, Ricardo Joel Gomez, and mother, Amanda Dawn (Mandy) Cornett, are retired theatre actresses. Her mother gave birth to Selena at the tender age of sixteen. The famous singer Selena Quintanilla-Perez was the inspiration for the name Gomez.
Her parents split when she was five, and Selena remained with her mother. Their financial situation was precarious because her mother had difficulty making ends meet. With the help of her homeschool, Selena was able to graduate from high school in May of 2010.
Early in Selena Gomez Profession
Selena Gomez’s net worth made her television debut from 2002 until 2004 on Barney and Friends. The role of “Gianna” was Selena’s for fourteen episodes of Barney. Demi Lovato was one of her co-stars in Barney. She was also in the 2003 film Spy Kids 3-D: Game Over for a brief cameo appearance around the same period.
Walker, Texas Ranger: Trial by Fire, a 2005 made-for-TV movie, also featured her. In 2006, Selena appeared as a special guest on Disney’s The Suite Life of Zack & Cody. Selena also appeared in a recurring role in Disney’s popular Hannah Montana in 2007, portraying a pop star.
A Career in Acting
From 2007 to 2012, she was a mainstay on the small screen in the 106 Wizards of Waverly Place episodes. Wizards also put out two films. Each episode of Wizards of Waverly Place paid Selena $30,000. July Moon Productions is her new production firm and has been in multiple projects.
Her Music career and Other Ventures
When Selena was sixteen, she signed with Hollywood Records, the label previously signed by Demi Lovato and Miley Cyrus. She has put out five albums: three studio albums, two extended plays, and a compilation. Selena Gomez and the Scene were a band that Gomez fronted. They released three studio albums and one remix album. With her last band, she went on three tours and has also done two solo shows.
In September 2017, it was revealed that Selena Gomez’s net worth had signed a two-year $30 million endorsement deal with the shoe company Puma. The contract makes Selena the new face of Puma alongside Rihanna. Both Living Undocumented and 13 Reasons Why, both available on Netflix, have her on as an executive producer.
Instagram revenue
Selena Gomez’s net worth was the Instagram user with the most followers for a long time. More than 420 million people follow her now.
Selena’s estimated value of a single Instagram post to the brand that pays for it is $3.5 million. Selena Gomez’s net worth has been known to earn anywhere from $500,000 to $800,000 for a single sponsored post.
Selena earns $10–15 million annually from her many ventures, the most important of which are her partnerships with Coach, Puma, and Instagram. Though it falls short of placing her among the top 100 highest-paid celebrities globally, it is still an incredibly impressive sum. Maybe Ms. Gomez would rather remain in the background.
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How much is Selena Gomez’s net worth?
Selena Gomez Own Life
Nick Jonas was Selena’s short-term beau in 2008. The contentious on-again, off-again romance between Selena and fellow pop singer Justin Bieber is another thing that makes her famous. Reportedly, Selena was compelled to enter a rehabilitation facility due to the extreme stress caused by their relationship.
From 2010 to 2012, they were in a committed relationship, but they broke up and got back together. They went through the same motions in 2013, 2014, 2015, and 2017 again. Supposedly, in March of 2018, they officially ended their relationship. From January 2017 through October 2017, Gomez was in a committed relationship with The Weekend. Multiple tracks on The Weekend’s 2018 album My Dear Melancholy pay homage to Gomez.
Selena Gomez has called Taylor Swift her “only” friend in the industry.
Producer Benny Blanco was Selena’s boyfriend, as the singer announced in December 2023.
Community giving
Selena is a generous person who gives her time to many different organizations. Now, she serves as UNICEF’s representative to the trick-or-treat fundraising campaign and maintains tight relationships with the organization. Gomez travelled to Ghana for a week in 2009 to witness the grave conditions of impoverished children who lacked necessities like clean water and nourishment.
She used her star power through UNICEF to bring awareness to Ghana. Meanwhile, she went to Chile to meet with families participating in UNICEF’s Program Puente program, which teaches parents valuable life skills.
Among her many charitable endeavors, Gomez is an ambassador for Do.Something.org and is active with RAISE Hope for Congo. She became a representative for the Ryan Seacrest Foundation in 2012. She is known for making frequent appearances at children’s hospitals. In addition to her work as a spokesperson for Disney, Selena was a spokesperson for State Farm Insurance and made appearances in multiple ads meant to promote safe driving.
Concerns with Mental Health Struggles
Selena was diagnosed with Lupus in 2014. She received a kidney transplant from friend and fellow actress Francia Raisa (of The Secret Life of the American Teenager fame) in September 2017. In April 2020, it was revealed that Selena was diagnosed with Bipolar Disorder. In November 2022, she claimed she had an episode of psychosis back in 2018.
Her strength in the face of adversity didn’t stop there. She has been candid about her struggles with mental health, specifically anxiety and depression. In sharing her journey, Selena has played a crucial role in destigmatizing mental health issues, displaying immense courage and promoting the importance of seeking help.
Throughout these trials, Selena has consistently demonstrated an unwavering commitment to her craft. From producing hit albums to launching her beauty brand, Rare Beauty, she has proved that adversity can indeed fuel ambition rather than hinder it.
But what truly sets Selena apart is her ability to turn her personal adversities into a source of strength – not just for herself, but for others. She has used her experiences to advocate for mental health, encourage self-love, and inspire millions around the world to do the same.
Selena Gomez’s Wealth and Achievements
With a Selena Gomez’s net worth of $1 million, Selena Gomez was added to Celebrity Net Worth in December 2009. She was 17 years old and made $30,000 for every Win izards of Waverly Place episode. Her salary from Wizards was little more than $3 million. By 2011, her net worth had topped $5 million.
In April 2013, following the release of her first solo album, her net worth surpassed $10 million. In 2015, she made about $18 million, mainly because of Instagram. Midway through 2018, her net worth surpassed $60 million, thanks to her acting career, Puma deal, Coach deal, album sales, innumerable singles, and other sources. Selena Gomez’s net worth was $75 million in 2019.
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Real Estate Selena has owned a lot of homes throughout the years.
Selena Gomez spent $2.175 million from her net worth on a Tarzana, California, house in July 2011. The 4,500-square-foot property stands on an acre of land and was previously owned by rising star Jonah Hill. It is one story and includes five bedrooms and five bathrooms.
Beautiful hardwood flooring, high ceilings, plenty of natural light, an office, and a spacious eat-in kitchen are some of the home’s notable features. There is a spa in the backyard, along with a pool, a tennis court, and a bocce ball court. She put the house on the market in May 2014 for $3.495 million, but by October of that year, it had fetched $3.45 million.
In 2014, Selena Gomez’s net worth paid $3.69 million to acquire a large house on 3.15 acres in a gated community in Calabasas. At one point, she sought to sell this mansion for $4.495 million but ultimately incurred a modest loss. French Montana, a musician, listed the house for $6.6 million in February 2020 and was the buyer. Take a look at this video tour of the house:
In 2015, she spent an unrecorded amount to buy a very large home in Fort Worth, Texas. She advertised that residence for $3.499 million in 2016 and 2017 and then listed again in 2018 for $2.999 million. She sold this property in October 2020 for $2.4 million.
Selena Gomez’s net worth bought a small (for someone so wealthy) house in Studio City, California, for $2.249 million 2017. She listed it for sale a year later for $2.799 million, and it sold for $2.3 million.
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In April 2020,Selena Gomez’s net worth paid $4.9 million for an 11,500-square-foot mansion in Encino, California. After Tom Petty and his ex-wife filed for a divorce in 1996, he transferred his custom-built home to his ex-wife. Due to foreclosure in 2015, Tom’s ex-wife was evicted from the house. The home’s previous owner, who was not famous, had only lived there for a year before Selena bought it from them, making a profit of $400,000.
We would like to acknowledge that some of the information presented in this blog post may have been sourced from Wikipedia and other blogs. While we strive for accuracy, we cannot guarantee the authenticity or accuracy of all information or numbers provided. Readers are encouraged to cross-reference with additional sources for verification.
FAQs about Selena Gomez’s net worth
Q: What is Selena Gomez’s net worth estimated?
A: As of 2024, Selena Gomez’s net worth is estimated to be $800 million comes from her successful career in music, acting, and various business ventures.
Q: What are some of the ways Selena Gomez makes money outside of her music & acting career?
A: Through her business ventures, such as her makeup line, Rare Beauty, Selena Gomez makes money outside of her music & acting career.
Q: How can parents use Selena Gomez’s financial success as a teaching tool?
A: Parents can use the importance of diversifying income, and the value of making smart investments from Selena Gomez’s financial success to teach their kids about money management.
Q: What can we learn from Selena Gomez’s financial decisions?
A: Selena Gomez’s financial decisions teach us about the importance of diversifying income sources, making smart investments, and understanding the value of brand creation.
Q: What are some of Selena Gomez’s business ventures?
A: Selena Gomez has been involved in several business ventures. She launched her own makeup brand, Rare Beauty, in 2020. She is also an executive producer on the Netflix series ’13 Reasons Why’ and a co-founder of the mental health media company Wondermind.
Q: How does Selena Gomez spend her money?
A: Selena Gomez is known to spend her money on real estate, luxury cars, and charitable causes. She owns several properties and is actively involved in various charitable organizations.
Q: How does Selena Gomez manage her finances?
A: Selena Gomez works with a team of financial advisors and accountants to manage her finances. They help her with budgeting, investments, and tax planning.
Q: Has Selena Gomez made any significant investments?
A: Yes, Selena Gomez has made significant investments in various tech companies like Postmates and Spotify. She has also invested in her own personal brands like Rare Beauty.
Q: Does Selena Gomez have any business partnerships or collaborations?
A: Yes, Selena Gomez has several business partnerships and collaborations. She has partnered with brands like Coach and Puma, and she has collaborated with artists on various music projects.
Q: Has Selena Gomez made any significant charitable donations?
A: Yes, Selena Gomez is known for her philanthropy. She has made significant donations to various causes, including mental health services, disaster relief efforts, and children’s hospitals.
Q: Is Selena Gomez a billionaire?
A: Nope, Selena Gomez is not a billionaire! At least not yet. But she’s 8/10th of the way there, so given time, who knows?
Q: What is Selena Gomez’s salary?
A: Selena Gomez was estimated to make about $7 million per year, but thanks to Rare Beauty, that number is now much much higher. Probably closer to $100 million.
Selena Gomez’s net worth is a testament to her talent, hard work, and smart financial decisions. Not only that, her story is a testament to the power of resilience.