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 an American singer, actress, producer, songwriter, and social media sensation. The majority of this wealth, as detailed in the following section of the article, is attributed to her highly prosperous makeup brand, Rare Beauty.

Gomez started her career as a child actress on shows such as “Barney & Friends” and has evolved into one of the world’s biggest stars. In contrast to some of her Disney co-stars, she has managed to navigate her fame with minimal drama. In comparison to the likes of Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Ms. Gomez has handled the pressures of fame, a fast-paced schedule, a high-profile relationship with Justin Bieber, and her Disney origins with remarkable composure.

At the age of seven, the singer/actor/dancer began acting professionally on “Barney & Friends” and subsequently took on a recurring role in Seasons 2 and 3 of “Hannah Montana” for the Disney Channel. In 2007, she secured a leading role in the hit series “Wizards of Waverly Place.” After that, she appeared in movies such as “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Today, she is a highly sought-after actress and brand endorser, and in 2021, she starred in the Hulu series “Only Murders in the Building” alongside Steve Martin and Martin Short.

Additionally, Selena has made strides in her music career, releasing three studio albums as part of Selena Gomez & The Scene, all of which have achieved Gold certification.

As a prominent figure on social media, Selena is also one of the highest-paid endorsers globally. As of now, she boasts over 58 million followers on TikTok and more than 420 million on Instagram, making her the first woman to surpass the 400 million follower milestone on that platform. Her YouTube channel, which has more than 33 million subscribers, has accumulated nearly 13 billion views.

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

Moreover, Gomez has invested in and become a co-owner of the ice cream brand Serendipity. She launched her makeup line, Rare Beauty, in September and co-founded the mental health platform “Wondermind,” while also being an investor in the food delivery service Gopuff.

Rare Beauty & Other Investments

Aside from her roles in acting and music, Selena thrives as an entrepreneur and investor.

In 2020, she joined forces as an investor and co-owner with the ice cream brand Serendipity.

Selena is also the co-founder of a mental health startup named Wondermind. In August 2022, the startup secured $5 million at a $100 million valuation, with funding led by Serena Williams’ venture fund, Serena Ventures, alongside Lightspeed Venture Partners and Sequoia Capital. Wondermind, branded as a “mental fitness” company, creates social media channels, online content, newsletters, podcasts, and more.

Crucially, for her net worth, she founded the makeup company Rare Beauty. Launched in September 2020 with an exclusive availability at Sephora, Rare Beauty has enjoyed tremendous success, generating at least $100 million in revenue in 2022 and an unverified $350 million in 2023. Assuming the accuracy of the latter figure and applying a conservative 4x revenue multiple, Rare Beauty’s current valuation stands at a minimum of $1.4 billion. Reports suggest that in early 2024, she was contemplating a $2 billion acquisition offer, with her ownership of 51% of the brand.

By concentrating on customer experience, Rare Beauty has achieved success…

Products such as lip liner, liquid blush, and liquid foundation are moderately priced, accessible, and easy to use, with most items costing between $5 and $30.

Additionally, Rare Beauty contributes 1% of all sales to its philanthropic fund, which has raised over $5 million to date, partly through donor events.

Early Life

Born Selena Marie Gomez on July 22, 1992, in Grand Prairie, Texas, Selena is the daughter of Ricardo Joel Gomez and former stage actress Amanda Dawn (Mandy) Cornett. At the time of Selena’s birth, her mother was only sixteen. The inspiration for Gomez’s name came from the beloved singer Selena Quintanilla-Perez. After her parents separated when she was five, Selena lived with her mother, who faced financial challenges while raising them. In May 2010, Selena earned her high school diploma through homeschooling.

Early Career

Selena’s first television role came from 2002 to 2004 on “Barney and Friends,” where she portrayed the character Gianna in 14 episodes. She shared this experience with fellow actor Demi Lovato. During this period, she also made a cameo in “Spy Kids 3-D: Game Over” in 2003 and appeared in the TV movie “Walker, Texas Ranger: Trial by Fire” in 2005. In 2006, Selena guest-starred in “The Suite Life of Zack & Cody” on Disney and had a recurring role as a pop star in the popular show “Hannah Montana” in 2007.

Acting Career

Her significant breakthrough came with the show “Wizards of Waverly Place,” which ran for 106 episodes from 2007 to 2012 and included two movies. For her role on this show, Selena earned $30,000 per episode. Moreover, she has acted in various films and has 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 had previously worked with Miley Cyrus and Demi Lovato. She has released three studio albums, two EPs, and one compilation album. Furthermore, Gomez was the lead singer for the band Selena Gomez and the Scene, who produced three studio albums and one remix album. Her touring experience includes two solo tours and three tours with her band.

In September 2017, Selena was confirmed to have signed a two-year, $30 million endorsement contract with Puma, making her 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

As noted earlier, Selena has been the face of Puma’s activewear since September 2017 thanks to a two-year contract worth a total of $30 million. She shared the news via Instagram, showcasing a photo of herself in Puma attire with the caption, “Officially a part of the fam @puma #pumapartner.”

In a press release, Gomez expressed her excitement regarding the collaboration with Puma, saying, “very exciting.” The release further stated, “Puma has changed the game when it comes to the mash-up of athletic wear and fashion … It’s amazing to see this influence on style and culture and I’m excited to be a part of it. I am hoping that we can create something special together. We already have some really cool projects in the works.”

Adam Petrick, Global Director for Brand and Marketing at PUMA, commented, “Selena is authentic, creative, talented, and fearlessly real. She embodies everything today’s female consumer seeks in a role model … Recently, she has shown remarkable strength. With her candidness about living with Lupus, she serves as a prime example of confidence, poise, and determination for us all. Selena is the ideal partner for PUMA because she embraces the challenges the world presents; she fights and endures, which aligns perfectly with PUMA’s values. Not only will she represent our brand, but she will also help shape and enhance our women’s business.”

Gomez’s debut for Puma will take place in the brand’s latest campaign featuring the Phenom, one of Puma’s newest lines of women’s footwear.

$10 Million Coach Deal

Selena Gomez inked a $10 million endorsement deal with Coach in December 2016, when she was just 24. Beyond becoming the brand’s new face, this agreement enabled her to design her own line for Coach, which sought to diversify its clientele. With Selena being the most followed person on Instagram at the time, the brand anticipated that she would attract younger customers while also appealing to its existing mature audience.

Stuart Vevers, Coach’s creative director, mentioned that the brand aims for a “new day at Coach.” He elaborated in an interview with British Vogue: “When I first joined, I used our history as a touchstone, so it was for me to discover the things that would be believable at Coach … I felt it was crucial to be bold and look forward and explore what the next generation wants from luxury and fashion.”

Consequently, the 75-year-old brand, which is viewed…
“`with several organizations dedicated to mental health awareness, youth empowerment, and various other social issues. Recognized for her commitment, she actively participates in charity events and fundraisers, showing her dedication to making a positive impact in the community. In addition to her volunteer efforts, she also uses her platform to raise awareness and advocate for significant causes.

Earnings from Instagram

For numerous years, Selena held the title of the most-followed individual on Instagram. Currently, her follower count exceeds 420 million.

Estimations suggest that each Instagram post from Selena carries a value of approximately $3.5 million for the brand being promoted. It is reported that she receives between $500,000 and $800,000 for a single sponsored post. Through her various ventures, predominantly with Coach, Puma, and Instagram, Selena reportedly earns between $10 million and $15 million annually. While this figure is remarkable, it does not quite place her among the top 100 highest-paid celebrities globally. Perhaps Ms. Gomez chooses to maintain a more private lifestyle.

Personal Life

Selena briefly dated Nick Jonas in 2008. Additionally, she is known for her tumultuous on-again, off-again relationship with pop sensation Justin Bieber. The relationship was reported to cause significant stress for Selena, leading her to seek help in rehabilitation. They were seriously involved for two years, from December 2010 to November 2012, separated, and then reunited. This pattern continued throughout 2013, 2014, 2015, and 2017, with their final breakup occurring in March 2018. In early 2017 until October of that year, Gomez was in a relationship with The Weeknd, whose March 2018 album “My Dear Melancholy” references their time together.

Selena has described Taylor Swift as her “only” friend in the music industry.

In December 2023, she disclosed her relationship with producer Benny Blanco.

Philanthropy

As an active philanthropist, Selena contributes numerous hours volunteering for various causes. She collaborates closely

Currently serving as UNICEF’s ambassador for the trick-or-treat fundraising initiative, Gomez traveled to Ghana in 2009 to experience the dire situations faced by impoverished children who lacked essentials such as clean water and food. Through her association with UNICEF, she leveraged her celebrity status to shed light on the hardships in Ghana. Additionally, she visited Chile to connect with families involved in UNICEF’s Programa Puente, which assists families in acquiring essential parenting skills.

Also serving as the ambassador for Do.Something.org, Gomez is actively involved with the charity RAISE Hope for Congo. In 2012, she became the ambassador for the Ryan Seacrest Foundation and is recognized for her frequent visits to children’s hospitals. Moreover, Selena has 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 was diagnosed with Lupus. In September 2017, she underwent a kidney transplant, with the organ being donated by her friend and fellow actress Francia Raisa, known 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. Later, in November 2022, she revealed that she experienced an episode of psychosis back in 2018.

Selena Gomez Net Worth Milestones

In December 2009, Selena was listed on CelebrityNetWorth with a net worth of $1 million at the age of 17, earning $30,000 per episode for her role in “Wizards of Waverly Place.” Her earnings from the show totaled just over $3 million. By 2011, her net worth had risen above $5 million. In April 2013, she surpassed the $10 million mark following the release of her debut solo album. By 2015, her net worth exceeded $18 million, significantly bolstered by her success on Instagram. Thanks to various ventures, including her deals with Puma and Coach, album sales, numerous singles, and her acting career, her net worth reached over $60 million by mid-2018. By 2019, it had grown to $75 million. In July 2023, with the impact of Rare Beauty, her net worth was estimated at $800 million. By September 2024, Selena officially entered the billionaire status.

Real Estate

Over the years, Selena has owned multiple properties.

In July 2011, Gomez acquired a home in Tarzana, California, for $2.175 million. This 4,500-square-foot residence spans an acre of land and was previously owned by rising star Jonah Hill. The single-story home boasts five bedrooms and five bathrooms, a spacious eat-in kitchen, an office area, high ceilings, abundant sunlight, and stunning hardwood floors. The backyard features a spa, pool, tennis court, and bocce ball court. She initially listed this property for $3.495 million in May 2014, eventually selling it for $3.45 million in October 2014.

In 2014, she purchased a large house situated on 3.15 acres in a gated community in Calabasas for $3.69 million. At one point, she attempted to sell this property for $4.495 million but ultimately incurred a slight loss. The buyer of this home was rapper French Montana, who put it on the market in February 2020.

For $6.6 million, you can discover the tour of this remarkable property:

In 2015, she made an undisclosed investment in an impressively large residence located in Fort Worth, Texas. This house was put on the market for $3.499 million during 2016 and 2017, and a further listing in 2018 had it priced at $2.999 million. Ultimately, she sold the property in October 2020 for $2.4 million.

In the year 2017, she purchased a relatively modest (considering her level of affluence) home in Studio City, California for $2.249 million. She then listed it for $2.799 million a year later, finally selling it for $2.3 million.

In April 2020, Selena invested $4.9 million in an 11,500-square-foot home situated in Encino, California. This residence was originally custom-built by Tom Petty in the late 1980s and transferred to his ex-wife following their divorce in 1996. Tom’s ex-wife unfortunately lost the property to foreclosure in 2015. Selena acquired the home from a non-celebrity who had owned it for less than a year, profiting $400,000 from the sale.