Selena Gomez Net Worth (Money & Salary)

What Is Selena Gomez’s Net Worth and Salary?

An American singer, actress, producer, songwriter, and social media icon, Selena Gomez boasts a net worth of $1 billion. As elaborated in the upcoming sections of this article, the majority of her wealth is attributed to the immense success of her makeup brand, Rare Beauty.

Beginning her career as a child actress with roles in shows like “Barney & Friends,” Selena has evolved into one of the globe’s prominent stars. Unlike several of her Disney counterparts, Gomez has largely avoided scandals. Compared to Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, she has gracefully navigated the challenges of fame, a hectic work schedule, a high-profile relationship with Justin Bieber, and her Disney legacy.

Starting her professional acting career at the age of seven in “Barney & Friends,” she soon secured a recurring role in Seasons 2 and 3 of “Hannah Montana” on the Disney Channel. In 2007, she landed a leading role in the well-liked series “Wizards of Waverly Place.” Following that, she featured in films like “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Nowadays, she is a highly desirable actress and brand ambassador, and in 2021, Gomez began her role in the Hulu series “Only Murders in the Building” alongside Steve Martin and Martin Short.

Additionally, she has carved out a successful music career, releasing three studio albums with Selena Gomez & The Scene, all of which have received Gold status.

Being one of the most recognized personalities on social media, she ranks among the highest-paid endorsers worldwide. Currently, she has over 58 million followers on TikTok and more than 420 million on Instagram, making her the first female to achieve the 400 million milestone on the latter platform. Her YouTube channel has surpassed 33 million subscribers and amassed nearly 13 billion views.

Beyond her artistic pursuits, she serves as a UNICEF Goodwill Ambassador when not busy recording, performing, or working on projects.

Gomez has become a co-owner and investor in the ice cream brand Serendipity. In September, she introduced her makeup line, Rare Beauty. Additionally, she co-founded the mental health platform “Wondermind” and invested in the food delivery company Gopuff.

Rare Beauty & Other Investments

In addition to her performing career, Selena excels as an investor and entrepreneur.

In 2020, she became a co-owner and investor in the ice cream brand Serendipity.

Selena co-founded a mental health startup known as Wondermind. In August 2022, Wondermind secured $5 million in funding at a valuation of $100 million, led by Serena Williams’ venture fund, Serena Ventures, along with Lightspeed Venture Partners and Sequoia Capital. Wondermind, which aims to function as a “mental fitness” company, develops social media channels, web content, newsletters, podcasts, and more.

Key to Selena’s financial standing is her role as the founder of the cosmetics brand Rare Beauty. Launched in September 2020 with an exclusive initial offering at Sephora, Rare Beauty has seen tremendous success. The company reportedly generated over $100 million in revenue in 2022, and estimates suggest an unverified $350 million in 2023. Applying a conservative revenue multiple of 4x and assuming the $350 million figure is accurate, Rare Beauty’s valuation stands at a minimum of $1.4 billion today. Reports from early 2024 indicate that Selena is contemplating a $2 billion acquisition offer, with an understanding that she holds 51% ownership of the brand.

Rare Beauty’s achievements are largely credited to its focus on…on products that are moderately priced, accessible, and user-friendly, like liquid foundation, liquid blush, and lip liner. The price range for most products lies between $5 and $30.

Rare Beauty donates 1% of its total sales to its philanthropic fund, which has collected over $5 million to date, including contributions from donor events.

Early Life

Selena Gomez, born Selena Marie Gomez on July 22, 1992, in Grand Prairie, Texas, is the daughter of Ricardo Joel Gomez and former stage actress Amanda Dawn (Mandy) Cornett. Just sixteen at the time of Selena’s birth, her mother faced challenges in providing for them after their divorce when Selena was five; she stayed with her mother during this period of financial difficulty. Gomez earned her high school diploma via homeschooling in May 2010.

Early Career

Selena’s first notable television appearance was on the show “Barney and Friends,” where she portrayed Gianna from 2002 to 2004, featuring in 14 episodes alongside fellow actor Demi Lovato. During this time, she also made a cameo in “Spy Kids 3-D: Game Over” (2003) and had a role in the TV movie “Walker, Texas Ranger: Trial by Fire” (2005). In 2006, she guest-starred in “The Suite Life of Zack & Cody” and later played a recurring character in the widely-loved Disney series “Hannah Montana” as a pop star in 2007.

Acting Career

Her significant breakthrough came with the role in “Wizards of Waverly Place,” which ran for 106 episodes from 2007 to 2012, including two movies. For her role in the series, Selena earned $30,000 per episode. Additionally, she has featured in multiple films and more recently established her own production company, July Moon Productions.

Music and Other Ventures

At the age of 16, Selena signed with Hollywood Records, the label that also represented Miley Cyrus and Demi Lovato. Throughout her career, she has released three studio albums, two EPs, and one compilation album. As the lead singer of the band Selena Gomez and the Scene, they produced three studio albums and a remix album. Selena has embarked on two solo tours and three tours with her previous band.

In September 2017, it was announced that Selena had entered into a lucrative two-year endorsement deal valued at $30 million with Puma, making her the brand’s face alongside Rihanna. She also serves as an executive producer for the Netflix series “13 Reasons Why” and “Living Undocumented.”

$30 Million Puma Deal

Previously noted, as of September 2017, Selena serves as the ambassador for the activewear brand Puma. This two-year agreement amounted to a total compensation of $30 million. Through a post on Instagram, Selena unveiled the partnership with a photo showcasing herself in Puma attire, captioned, “Officially a part of the fam @puma #pumapartner.”

In a press release, Gomez expressed her enthusiasm about the forthcoming collaboration with Puma, highlighting it as “very exciting.” The release elaborated further, stating, “Puma has revolutionized the blend of athletic wear and fashion … It’s wonderful to witness this impact on style and culture, and I look forward to being part of it. I hope we can create something exceptional together. Exciting projects are already in progress.”

According to Adam Petrick, Global Director for Brand and Marketing for PUMA, “Selena embodies authenticity, creativity, talent, and a fearless spirit. She aligns perfectly with what today’s female consumers seek in a role model … Recently, she has illustrated her strength remarkably. By candidly discussing her journey with Lupus, she has set a tremendous example of confidence, grace, and resilience for all of us. Selena is an ideal partner for PUMA as she courageously confronts the challenges presented by our world; she fights and endures, echoing PUMA’s ethos. She will not only symbolize our brand but will also aid in defining and elevating our women’s sector.”

Gomez’s inaugural showcase for Puma will be in the brand’s new campaign centered around the Phenom, one of the latest female footwear collections from Puma.

$10 Million Coach Deal

In December 2016, Gomez entered into a $10 million endorsement contract with Coach, a renowned bag manufacturer. At that point, Selena was just 24. Not only did she become the brand’s face, but the agreement enabled Gomez to launch her own line for Coach, which aimed to appeal to a broader audience. The brand was optimistic that Selena, then the most followed individual on Instagram, would attract younger customers while maintaining resonance with their mature clientele.

Stuart Vevers, Coach’s creative director, emphasized that the brand is embracing a “new day at Coach.” In a discussion with British Vogue, he remarked, “Upon my arrival, I leaned on our history as a vital reference, leading me to identify elements that could credibly fit with Coach … I believed it was crucial to be bold and focus on the future, exploring what the upcoming generation desires from luxury and fashion.”

Consequently, the 75-year-old brand, which is viewed
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Some have labeled Coach as a “heritage” brand catering to an older demographic, yet the company has been proactively seeking to connect with a younger audience. During Coach’s recent 75th anniversary celebration, several young celebrities, including Michael B. Jordan, Diplo, and Zoë Kravitz, made appearances. With hopes of leveraging this youthful star power to attract a new generation of Coach customers, the signing of Gomez is another step forward in this initiative.

Earnings from Instagram

Selena has held the title of the most-followed person on Instagram for many years and currently boasts over 420 million followers.

It is estimated that a single Instagram post from Selena can bring in around $3.5 million for the brand that sponsors it. Her earnings from one sponsored post typically range from $500,000 to $800,000. Considering her various ventures, mainly with Coach, Puma, and Instagram, Selena’s annual income is estimated to be between $10-15 million. While this is an impressive figure, it does not quite place her among the 100 highest-paid celebrities globally. Perhaps Ms. Gomez chooses to keep a more low-profile approach.

Personal Life

Selena briefly dated Nick Jonas in 2008 and is known for her high-profile and tumultuous relationship with pop star Justin Bieber. This relationship was reportedly so taxing that Selena had to seek treatment in a rehabilitation facility. The pair were seriously involved for two years from December 2010 to November 2012, broke up, and then reconciled. They repeated this cycle multiple times through 2013, 2014, 2015, and 2017, ultimately breaking up for good in March 2018. Additionally, Gomez dated The Weeknd from January to October 2017; his album “My Dear Melancholy,” released in March 2018, includes several references to her.

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

In December 2023, Selena shared that she is in a relationship with producer Benny Blanco.

Philanthropy

Actively engaging in numerous charitable activities, Selena dedicates many hours to a variety of causes. She collaborates closely…

Gomez has collaborated with UNICEF and is currently serving as the organization’s ambassador for the trick-or-treat fundraising initiative. In 2009, Gomez visited Ghana for a week to experience the severe conditions faced by underprivileged children who lacked essential resources like clean water and food. She leveraged her celebrity status through UNICEF to shed light on the situation in Ghana. Additionally, she traveled to Chile to engage with the families involved in UNICEF’s Programa Puente, a program aimed at equipping families with the necessary skills for child-rearing.

As an ambassador for Do.Something.org, Gomez is also actively involved with the charity RAISE Hope for Congo. In 2012, she took on the role of ambassador for the Ryan Seacrest Foundation. Known for her regular visits to children’s hospitals, Selena has also served as a spokesperson for State Farm Insurance, appearing in several commercials broadcasted on Disney to promote awareness of safe driving practices.

Health Issues

In 2014, Selena received a diagnosis of Lupus. Later, in September 2017, she underwent a kidney transplant, with her friend and fellow actress Francia Raisa (known from “The Secret Life of the American Teenager”) as her donor. In April 2020, the revelation of Selena’s diagnosis of Bipolar Disorder came to light. Further, in November 2022, she shared that she experienced an episode of psychosis back in 2018.

Selena Gomez Net Worth Milestones

Selena’s name first appeared on CelebrityNetWorth in December 2009, boasting a net worth of $1 million at the age of 17, earning $30,000 per episode of “Wizards of Waverly Place.” In total, her earnings from the show were just over $3 million. By 2011, her net worth exceeded $5 million, and in April 2013, she crossed the $10 million mark following the release of her debut solo album. By 2015, her wealth reached over $18 million, significantly bolstered by her Instagram presence. With agreements from Puma and Coach, alongside album sales, numerous singles, and her acting career, her net worth soared to over $60 million by mid-2018. In 2019, Selena Gomez’s net worth climbed to $75 million. By July 2023, due to Rare Beauty’s success, estimates placed her net worth at $800 million, and in September 2024, she officially reached billionaire status.

Real Estate

Throughout the years, Selena has owned several properties.

In July 2011, Selena purchased a home in Tarzana, California, for $2.175 million. This 4,500-square-foot property, formerly owned by rising star Jonah Hill, spans an acre of land and features one story, five bedrooms, and five bathrooms. The house includes a spacious eat-in kitchen, an office area, high ceilings, abundant natural light, and beautiful hardwood flooring. The backyard is equipped with a spa, swimming pool, tennis court, and bocce ball court. She initially listed this home for sale in May 2014 at $3.495 million, eventually selling it for $3.45 million in October 2014.

In 2014, she acquired a sizable residence 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 incurred a minor loss. The buyer turned out to be rapper French Montana, who placed the home on the market in February 2020.

Priced at $6.6 million, this property is showcased in the following video tour:

In 2015, she invested an undisclosed sum to acquire a spacious residence in Fort Worth, Texas. This house was listed for $3.499 million in 2016 and 2017 before being relisted in 2018 for $2.999 million. Ultimately, it was sold for $2.4 million in October 2020.

During 2017, she purchased a relatively modest home in Studio City, California, spending $2.249 million, which was considered small in comparison to her wealth. She put it on the market a year later for $2.799 million, successfully selling it for $2.3 million.

In April 2020, Selena acquired an 11,500-square-foot home in Encino, California, for $4.9 million. The property was originally custom-built by Tom Petty in the late 1980s and was transferred to his ex-wife during their divorce in 1996. After losing it to foreclosure in 2015, the home was purchased by Selena from a non-celebrity who had owned it for less than a year, yielding a $400,000 profit on the sale.