Selena Gomez Net Worth (Money & Salary)

Selena Gomez Net Worth (Money & Salary)

Selena Gomez is an American vocalist, actress, producer, lyricist, and social media luminary who possesses an total assets of $800 million. As uncovered in the later part of this article, a large portion of Selena Gomez’s total assets is attributed to her exceptionally prosperous cosmetics company, Rare Beauty.

The career journey of Selena Gomez initiated as a juvenile actress on programs such as “Barney & Friends” and subsequently evolved to make her one of the leading personalities globally. Selena Gomez has been able to maintain a comparably trouble-free professional life in contrast to some of her Disney star peers. Different from Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Ms. Gomez has shown impressive levels of composure in dealing with fame, a packed routine, a high-profile bond with Justin Bieber, and all features Disney-connected.

The vocalist/actress/dancer started her acting vocation at the age of seven on “Barney & Friends” and later secured a job on the Disney Channel in a recurring role on Seasons 2 and 3 of “Hannah Montana.” In 2007, she landed a lead role in the hit series “Wizards of Waverly Place.” Following this, she performed in movies like “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Currently, she enjoys considerable demand as an actress and endorser. In 2021, Selena commenced appearing in the Hulu series “Only Murders in the Building” alongside Steve Martin and Martin Short.

She likewise embarked on a flourishing music profession, issuing three studio albums with Selena Gomez & The Scene, all three of which attained Gold status.

Selena Gomez is among the most sought-after personalities in social media and hence, one of the best-paid endorsers globally. At present, she boasts over 58 million followers on TikTok and excess of 420 million followers on Instagram, being the first woman to beat the 400 million mark on the platform. Her YouTube channel has gained more than 33 million subscribers and has amassed nearly 13 billion views.

During intervals when she is not recording, performing, shooting for a project, or rehearsing, she also serves as a UNICEF Goodwill Ambassador.

Gomez turned into a proprietor and investor in the ice cream label Serendipity. In September, she unveiled the cosmetics lineup Rare Beauty. She was also a co-founder of the mental well-being platform “Wondermind” and an investor in the meal delivery firm Gopuff.

Rare Beauty & Other Investment Ventures

In addition to her acting and singing career, Selena is a highly effective investor and entrepreneur.

In 2020, she made an investment and acquired a share in the ice cream brand Serendipity.

Selena is a co-founder of a mental well-being startup named Wondermind. In August 2022, Wondermind procured $5 million at a valuation of $100 million. Serena Ventures helmed the round along with Lightspeed Venture Partners and Sequoia Capital. Wonderkind specializes as a “mental fitness” firm, delivering social media channels, web content, a newsletter, a podcast, and others.

Most crucially for Selena’s total assets, she is the founder of the cosmetics firm Rare Beauty. Selena launched Rare Beauty in September 2020 with an exclusive debut at Sephora. Rare Beauty has reaped immense success. In 2022, the company recorded a minimum revenue of $100 million. There are reports indicating that it will potentially achieve revenues of $300 million or more in 2023. Assuming $300 million is exact and employing a modest 4x revenue multiple, Rare Beauty is presently worth at a minimum of $1.2 billion.

Rare Beauty has achieved triumph by focusing on items that are reasonably priced, accessible, and user-friendly, including products like lip liner, liquid blush, and liquid foundation. The majority of the products are priced between $5 and $30.

Rare Beauty commits 1% of all sales to its personal charitable fund. Till now, the foundation has raised in excess of $5 million, incorporating contributions from donor events.

Early Years

Selena Gomez was delivered into the world as Selena Marie Gomez on July 22, 1992, in Grand Prairie, Texas. Her parents are Ricardo Joel Gomez and former stage actress Amanda Dawn (Mandy) Cornett. Her mother became a mother at the age of sixteen when Selena was born. Gomez was named after the renowned vocalist Selena Quintanilla-Perez. Her parents parted ways when she was five, and Selena resided with her mother. Financial challenges arose as her mother struggled to support them. Selena acquired her high school diploma through homeschooling in May 2010.

Early Profession

One of her initial television roles was on the program “Barney and Friends” from 2002 to 2004. Selena embodied the character of Gianna in the series and was featured in 14 episodes. She partook in “Barney” along with fellow actor Demi Lovato. Around this period, she also had a minor role in the movie “Spy Kids 3-D: Game Over” in 2003 and featured in the television film “Walker, Texas Ranger: Trial by Fire” in 2005. Selena made a cameo appearance in “The Suite Life of Zack & Cody” on Disney in 2006. Additionally, she had a recurring role in Disney’s hit “Hannah Montana” in 2007, where she portrayed a popular musician.

Performance Journey

Her breakthrough TV performance was in the series “Wizards of Waverly Place,” consisting of 106 episodes broadcasted between 2007 and 2012. Additionally, there were two films based on “Wizards of Waverly Place.” Selena received $30,000 for each episode she starred in. She has also featured in several movies and recently established her own production company, July Moon Productions.

Music and Diverse Ventures

At the age of 16, Selena was signed by Hollywood Records, the same label that had previously signed artists like Miley Cyrus and Demi Lovato. She has put out three studio albums, two EPs, and one compilation album. Selena was also the frontwoman for the band “Selena Gomez and the Scene,” releasing three studio albums and a remix album. She has embarked on two solo tours and participated in three tours with her former band.

In September 2017, it was made public that Selena had inked a $30 million endorsement contract with the footwear brand Puma. This deal positioned Selena as the new representative of Puma, jointly with Rihanna. She holds an executive producer role in the Netflix series “13 Reasons Why” and “Living Undocumented.”

$30 Million Agreement with Puma

As previously mentioned, in September 2017, Selena was chosen as the face of athletic brand Puma in a two-year contract worth $30 million. Selena disclosed the deal on Instagram by sharing a photo of herself in Puma attire with the caption, “Officially a part of the fam @puma #pumapartner.”

Announcing the collaboration with Puma, Gomez expressed her enthusiasm, stating that it was “very thrilling.” The declaration further added, “Puma has revolutionized the fusion of athletic wear with fashion … Witnessing this influence on style and culture is amazing, and I’m thrilled to be involved. I hope we can create something extraordinary together. We already have some fantastic projects in progress.”

Adam Petrick, PUMA’s Global Director for Brand and Marketing, praised Selena, mentioning, “Selena is genuine, imaginative, talented, and unapologetically authentic. She embodies everything the modern-day female consumer admires in a role model … She has recently displayed immense strength. Through her candor and transparency about coping with Lupus, she has set a remarkable example of confidence, composure, and resolve for all. Selena is a perfect match for PUMA because she confronts challenges with courage and persistence, embodying the essence of what PUMA stands for. She will not just embody our brand but contribute to enhancing our women’s segment.”

Selena’s initial campaign for Puma will highlight the Phenom collection, one of Puma’s newest lines for women.

$10 Million Agreement with Coach

In December 2016, Gomez secured a $10 million deal with handbag brand Coach. At that time, Selena was 24 years old. Besides becoming the new spokesperson for the brand, the agreement allowed her to curate her line for Coach, aimed at expanding its customer base. The brand anticipated that Selena, then the most followed individual on Instagram, would draw in younger customers while retaining their existing mature clientele.

Stuart Vevers, Coach’s creative director, shared that the entire brand was heading towards a “new era at Coach.” In an interview with British Vogue, he mentioned, “When I first joined, I leveraged our history as a foundation, so it was vital for me to explore things that would resonate at Coach … I felt it was crucial to be daring, forward-looking, and explore what the next generation desires from luxury and fashion.”

Consequently, the 75-year-old brand, often viewed as a “classic” brand for older demographics by some, has been actively targeting a younger audience. At Coach’s recent 75th-anniversary celebration, numerous young stars made appearances, including Michael B. Jordan, Diplo, and Zoë Kravitz. Coach aims to capitalize on this youthful star influence to attract a new generation of clientele. The partnership with Gomez is another strategic step in this direction.

Revenue from Instagram

For numerous years, Selena dominated the Instagram rankings as the most-followed individual. Currently, she boasts over 420 million followers.

It is estimated that a single Instagram post from Selena holds a brand value of $3.5 million.compensating for the article. She has a reputation for raking in an amount ranging from $500,000 to $800,000 for a solitary endorsed article. Through her diverse ventures, predominantly with Coach, Puma, and Instagram, Selena garners a revenue of $10-15 million annually. It’s an exceedingly impressive sum, though it falls short of ranking her among the top 100 highest-paid stars globally. Maybe Ms. Gomez enjoys keeping a low profile.

Private Life Experiences

In 2008, Selena briefly linked up with Nick Jonas. She is also recognized for engaging in a tumultuous on-and-off romantic involvement with fellow music artist Justin Bieber. The relationship was purportedly so demanding for Selena that she had to enter a rehabilitation center. The duo had a serious relationship for two years, spanning from December 2010 to November 2012, then parted ways, rekindled their romance, and repeated this cycle in 2013, 2014, 2015, and 2017. It was reported that they concluded their ties for good in March 2018. Gomez was romantically involved with The Weeknd from January 2017 to October 2017. The Weeknd’s album “My Dear Melancholy,” unveiled in March 2018, contains multiple references to Gomez.

Selena Gomez has described Taylor Swift as her “sole” companion in the industry.

In December 2023, Selena publicized that she was in a relationship with producer Benny Blanco.

Contributions to Society

Selena is an extremely active charitable donor who devotes numerous hours to a broad array of causes. She collaborates closely with UNICEF and presently serves as the organization’s representative for the trick-or-treat fundraising initiative. In 2009, Gomez journeyed to Ghana for a week to directly observe the dire circumstances of underprivileged children lacking essentials like clean water and nourishment. Through her influence with UNICEF, she brought attention to Ghana. She also visited Chile to connect with the families in UNICEF’s Porgrama Puente program, which aids families in acquiring the essential skills for child upbringing.

Gomez is the envoy of Do.Something.org and actively supports the charity RAISE Hope for Congo. In 2012, she was appointed as the ambassador of the Ryan Seacrest Foundation. She is acknowledged for frequently visiting children’s hospitals. Selena also functioned as a spokesperson for State Farm Insurance, featuring in several advertisements broadcast on Disney to promote safe driving.

Health Troubles

Selena received a Lupus diagnosis in 2014. In September 2017, she underwent a kidney transplant from her pal and fellow actress Francia Raisa (known for “The Secret Life of the American Teenager”). It emerged in April 2020 that Selena was diagnosed with Bipolar Disorder. In November 2022, she disclosed that she experienced a psychosis episode in 2018.

Acquisitions Throughout Selena Gomez’s Lifetime

Selena was incorporated into CelebrityNetWorth in December 2009, bearing a net worth of $1 million. At that period, she was 17 years old and was pulling in $30,000 per episode of “Wizards of Waverly Place.” She amassed slightly over $3 million for her work on the series. By 2011, her net worth exceeded $5 million. Her net worth crossed $10 million in April 2013 following the release of her inaugural solo album. In 2015, largely spurred by Instagram, she surpassed $18 million. Thanks to her Puma and Coach deals, album sales, numerous singles, acting profession, and more, her net worth exceeded $60 million by mid-2018. By 2019, Selena Gomez’s net value reached $75 million.

Property Assets

Selena has possessed numerous residences over the years.

In July 2011, Selena splurged $2.175 million on a residence in Tarzana, California. The 4,500-square-foot abode rests on an acre of land and was formerly owned by burgeoning star Jonah Hill. It’s a single-story layout with five bedrooms and five bathrooms. The home boasts a spacious eat-in kitchen, office area, high ceilings, ample sunlight, and exquisite hardwood floors. In the backyard, there’s a spa alongside a pool, tennis court, and bocce ball court. She listed this dwelling for sale in May 2014 at $3.495 million, eventually selling it for $3.45 million in October 2014.

In 2014, she acquired a substantial property on 3.15 acres within a gated community in Calabasas for $3.69 million. At one point, she attempted to offload this property for $4.495 million but ended up with a minor loss. Rapper French Montana became the purchaser, who placed the home on the market in February 2020 for $6.6 million. Here’s a video tour of that estate:

In 2015, she invested in an undisclosed sum to buy a very spacious dwelling in Fort Worth, Texas. She listed this property for $3.499 million in 2016 and 2017, and then relisted it in 2018 for $2.999 million. She finalized the sale of this estate in October 2020 for $2.4 million.

In 2017, she dispensed $2.249 million to secure a relatively modest abode in Studio City, California. She put it up for sale a year later for $2.799 million, eventually closing the deal at $2.3 million.

In April 2020, Selena made a payment of $4.9 million for an 11,500-square-foot residence in Encino, California. Tom Petty specially constructed the property in the late 1980s and later relinquished it to his former spouse post their divorce in 1996. Tom’s ex-wife foreclosed on the home in 2015. Selena procured the residence from a non-celebrity who had owned it for under a year and profited $400,000 from the transaction.

Stats are from 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050.