Selena Gomez Net Worth (Money & Salary)

What Is Selena Gomez’s Net Worth and Salary?

With a net worth of $1 billion, Selena Gomez is a prominent American singer, actress, producer, songwriter, and social media sensation. The following section elaborates that a significant portion of her wealth originates from her thriving makeup line, Rare Beauty.

Beginning her journey as a child actress in programs like “Barney & Friends,” Selena Gomez has evolved into one of the globe’s most recognized personalities. In contrast to some of her fellow Disney stars, she has successfully maintained a relatively low-profile lifestyle. Unlike Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Ms. Gomez appears to navigate the challenges of fame, a hectic schedule, a notable relationship with Justin Bieber, and the demands of Disney with remarkable composure.

Initiating her professional acting career at the young age of seven on “Barney & Friends,” she soon landed a recurring role on the Disney Channel during Seasons 2 and 3 of “Hannah Montana.” By 2007, Selena took on one of the lead roles in the widely acclaimed series “Wizards of Waverly Place.” Following this, she starred in films such as “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Today, she stands as a highly in-demand actress and brand ambassador. In 2021, Selena began her role in the Hulu series “Only Murders in the Building” alongside Steve Martin and Martin Short.

In addition to her acting career, she has made her mark in the music industry, releasing three studio albums with Selena Gomez & The Scene, all of which have reached Gold status.

Widely recognized on social media, Selena Gomez ranks among the highest-paid endorsers globally. At present, she boasts over 58 million TikTok followers and more than 420 million Instagram followers, making her the first woman to surpass the 400 million milestone on the platform. Her YouTube channel has accumulated over 33 million subscribers and garnered nearly 13 billion views.

When not engaged in recording, performing, filming, or rehearsing, she serves as a UNICEF Goodwill Ambassador.

Additionally, Gomez has become both an investor and owner in the ice cream brand Serendipity. In September, she introduced her makeup brand, Rare Beauty. Furthermore, she co-founded a mental health initiative named “Wondermind” and invests in the food delivery service Gopuff.

Rare Beauty & Other Investments

Aside from her endeavors in acting and music, Selena excels as an investor and entrepreneur.

In 2020, she took on the role of co-owner and investor in the ice cream brand Serendipity.

Selena is a co-founder of the mental health startup Wondermind. In August 2022, the venture raised $5 million at a valuation of $100 million. The funding round was spearheaded by Serena Ventures, backed by Serena Williams, along with Lightspeed Venture Partners and Sequoia Capital. Wondermind aims to be a “mental fitness” resource, offering social media content, online materials, a newsletter, a podcast, and more.

Significantly contributing to Selena’s net worth, she is the founder of the makeup company Rare Beauty. Launched in September 2020 with an exclusive release at Sephora, Rare Beauty has enjoyed remarkable success. In 2022, the company reportedly earned at least $100 million in revenue, and estimates for 2023 suggest it may have reached an unverified $350 million. Applying a conservative revenue multiple of 4x, if the $350 million figure holds, it positions Rare Beauty’s worth at a minimum of $1.4 billion today. As of early 2024, Selena was reportedly contemplating a $2 billion acquisition offer, with indications that she retains 51% ownership of the brand.

By emphasizing its unique approach, Rare Beauty has achieved success following its establishment.

Products like lip liner, liquid blush, and liquid foundation are marketed as moderately priced, accessible, and user-friendly, with most items ranging between $5 and $30.

1% of all sales from Rare Beauty goes to its own philanthropic fund, which has raised over $5 million to date, aided by donor events.

Early Life

Born Selena Marie Gomez on July 22, 1992, in Grand Prairie, Texas, she is the daughter of Ricardo Joel Gomez and Amanda Dawn (Mandy) Cornett, a former stage actress. Selena’s mother was only sixteen at the time of her birth. Named after the renowned singer Selena Quintanilla-Perez, Gomez lived with her mother after her parents’ divorce when she was five. Financial struggles marked their early life, as her mother worked hard to make ends meet. Selena completed her high school education through homeschooling, graduating in May 2010.

Early Career

Selena’s initial television role was in “Barney and Friends” from 2002 to 2004, where she portrayed Gianna in 14 episodes, alongside fellow actor Demi Lovato. In 2003, she made a brief appearance in the film “Spy Kids 3-D: Game Over” and appeared in the TV movie “Walker, Texas Ranger: Trial by Fire” in 2005. She guest-starred in “The Suite Life of Zack & Cody” on Disney in 2006 and took on a recurring role in the hit series “Hannah Montana” in 2007 as a pop star.

Acting Career

Selena rose to prominence with her lead role in “Wizards of Waverly Place,” which aired 106 episodes from 2007 to 2012, alongside two movies. For her performance in this series, she earned $30,000 per episode. Additionally, she has acted in several films and recently established her production company, July Moon Productions.

Music and Other Ventures

At the age of 16, Selena signed with Hollywood Records, the same label that previously signed Miley Cyrus and Demi Lovato. She has released three studio albums, two EPs, and one compilation album. As the lead singer of Selena Gomez and the Scene, they produced three studio albums and one remix album. Additionally, she has completed two solo tours and three with her band.

In September 2017, it came to light that Selena entered into a two-year endorsement deal worth $30 million with Puma, becoming the brand’s new face alongside Rihanna. She also serves as an executive producer for the Netflix series “13 Reasons Why” and “Living Undocumented.”

$30 Million Puma Deal

Selena has served as the face of activewear brand Puma since September 2017, as previously mentioned. The two-year agreement totaled $30 million. She revealed the partnership through an Instagram post showcasing herself in Puma apparel, with the caption, “Officially a part of the fam @puma #pumapartner.”

In a statement to the press, Gomez expressed her excitement regarding the forthcoming collaboration with Puma. The release elaborated, “Puma has transformed the landscape of athletic wear and fashion … It’s incredible to observe its influence on style and culture, and I’m thrilled to participate. I aspire to create something extraordinary together. We’ve already initiated some fascinating projects.”

Adam Petrick, PUMA’s Global Director for Brand and Marketing, commented, “Selena embodies authenticity, creativity, talent, and unwavering confidence. She represents everything modern female consumers seek in a role model … Recently, she exemplified remarkable strength. Her candidness regarding living with Lupus sets a stellar example of confidence, grace, and determination for everyone. Selena is an ideal partner for PUMA because she embraces life’s challenges; she fights and endures, which aligns perfectly with PUMA’s ethos. She will not only signify our brand but also help shape and elevate our women’s division.”

Gomez’s inaugural appearance for Puma will feature in the brand’s latest campaign showcasing the Phenom, one of Puma’s newest women’s footwear collections.

$10 Million Coach Deal

In December 2016, Gomez entered into a $10 million endorsement agreement with Coach, a bag manufacturer. At that time, Selena was just 24 years old. She not only became the brand’s new face but was also granted the opportunity to design her own line for Coach, which aimed to expand its clientele. The brand was optimistic that Selena, then the most followed individual on Instagram, would attract a younger demographic while maintaining its appeal to its mature customers.

Stuart Vevers, the creative director of Coach, stated that the entire brand is focusing on a “new day at Coach.” In an interview with British Vogue, he remarked, “Upon my arrival, I utilized our history as a foundation, allowing me to uncover aspects that could resonate at Coach … I deemed it essential to be audacious and progress forward, exploring what the next generation desires from luxury and fashion.”

Consequently, the 75-year-old brand, which is viewed…
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Some consider it a “heritage” brand primarily targeting older demographics, but Coach has been actively trying to reach a younger audience. At the celebration of Coach’s 75th anniversary, various young celebrities like Michael B. Jordan, Diplo, and Zoë Kravitz were present. The brand aims to leverage this influence of young stars to cultivate a new generation of Coach customers, with the recent signing of Gomez being a further move towards that goal.

Earnings from Instagram

Selena was, for many years, the most-followed individual on Instagram, and she currently boasts over 420 million followers.

It is estimated that a single Instagram post featuring Selena is valued at $3.5 million for the brand that sponsors it. Reports suggest she earns between $500,000 to $800,000 per sponsored post. With various projects, primarily through Coach, Puma, and Instagram, Selena generates an annual income of $10-15 million. While this figure is impressive, it isn’t quite sufficient to place her among the 100 highest-paid celebrities globally. Perhaps Ms. Gomez opts for a more understated presence.

Personal Life

Selena had a brief relationship with Nick Jonas in 2008. She is well-known for her tumultuous, on-again-off-again association with fellow pop artist Justin Bieber. Reports suggest that the stress from their relationship was so intense for Selena that she had to enter rehabilitation. The couple’s serious relationship lasted for two years, from December 2010 until November 2012, followed by a breakup and a rekindling of romance. This pattern continued in 2013, 2014, 2015, and 2017, with reports indicating they separated for good in March 2018. Additionally, Gomez was in a relationship with The Weeknd from January to October 2017, during which his album “My Dear Melancholy,” released in March 2018, included several mentions of her.

Selena Gomez has claimed that Taylor Swift is her “only” friend within the industry.

In December 2023, Selena disclosed that she is dating producer Benny Blanco.

Philanthropy

As a dedicated philanthropist, Selena actively volunteers her time to support various causes. She collaborates closely with numerous organizations to make a positive impact.with UNICEF and presently holds the title of ambassador for the organization’s trick-or-treat fundraising program. In 2009, Gomez visited Ghana for a week to observe the dire circumstances faced by impoverished children lacking essential resources such as clean water and food. Through her collaboration with UNICEF, she raised awareness about the situation in Ghana. Additionally, she traveled to Chile to connect with families participating in UNICEF’s Programa Puente initiative, which assists families in acquiring essential parenting skills.

Gomez serves as the ambassador for Do.Something.org and is actively engaged with the charity RAISE Hope for Congo. In 2012, she was appointed as the ambassador for the Ryan Seacrest Foundation. Known for her regular visits to children’s hospitals, she has also acted as a spokesperson for State Farm Insurance, featuring in several commercials aired on Disney aimed at promoting safe driving awareness.

Health Issues

In 2014, Selena received a diagnosis of Lupus. In September 2017, she underwent a kidney transplant, donated by her friend and fellow actress, Francia Raisa (recognized for her role in “The Secret Life of the American Teenager”). In April 2020, it was disclosed that Selena had been diagnosed with Bipolar Disorder. Furthermore, in November 2022, she revealed that she experienced a psychotic episode in 2018.

Selena Gomez Net Worth Milestones

In December 2009, Selena was included in CelebrityNetWorth with an initial net worth of $1 million. At that time, she was 17 years old, earning $30,000 per episode for her role in “Wizards of Waverly Place,” which amounted to just over $3 million for her contributions to the show. By 2011, her net worth exceeded $5 million. Following the release of her debut solo album in April 2013, she surpassed a net worth of $10 million. By 2015, this increased to over $18 million, significantly attributed to her Instagram presence. The combination of her Puma and Coach deals, album sales, numerous singles, and acting career contributed to her net worth reaching over $60 million by mid-2018. By 2019, Selena Gomez’s estimated net worth was $75 million. As of July 2023, due to the success of Rare Beauty, her net worth was estimated to be $800 million. In September 2024, Selena officially achieved billionaire status.

Real Estate

Over the years, Selena has owned multiple properties.

In July 2011, she purchased a home in Tarzana, California, for $2.175 million. This 4,500-square-foot property is set on an acre of land and was formerly owned by the up-and-coming star Jonah Hill. The single-story residence encompasses five bedrooms and five bathrooms, featuring a large eat-in kitchen, office space, high ceilings, abundant natural light, and beautiful hardwood floors. The backyard includes a spa, swimming pool, tennis court, and bocce ball court. Selena listed this property in May 2014 for $3.495 million, ultimately selling it for $3.45 million in October of that same year.

In 2014, she acquired a spacious home situated on 3.15 acres within a gated community in Calabasas for $3.69 million. Although she attempted to sell this property for $4.495 million, she eventually took a small loss. The buyer of this home was rapper French Montana, who listed it for sale in February 2020.

for $6.6 million. Check out the video tour of that home below:

In 2015, she purchased a very large home in Fort Worth, Texas, for an undisclosed amount. Then, in 2016 and 2017, she listed that house for $3.499 million, followed by a new listing in 2018 for $2.999 million. Ultimately, she sold the property in October 2020 for $2.4 million.

In 2017, she acquired a relatively modest home (for someone of her wealth) in Studio City, California, for $2.249 million. A year later, she put it on the market for $2.799 million, and it eventually sold for $2.3 million.

Selena bought an 11,500-square-foot home in Encino, California, for $4.9 million in April 2020. Originally custom-built by Tom Petty in the late 1980s, the house was given to his ex-wife after their divorce in 1996. In 2015, she lost the property through foreclosure. Selena acquired it from a non-celebrity who held it for less than a year, making a $400,000 profit on the sale.