What is Selena Gomez’s Net Worth and Salary?
Selena Gomez has a net worth of $800 million as an American performer, actress, producer, songwriter, and social media megastar. Selena Gomez’s net worth is primarily attributable to her extremely successful cosmetics company, Rare Beauty, as described in the following section.
Since beginning her career as a child actress on shows such as Barney & Friends, Selena Gomez has become one of the world’s greatest stars. Selena Gomez has managed to avoid the majority of her Disney co-starlets’ drama.
In contrast to Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Selena Gomez appears to have handled fame, a hectic schedule, a high-profile romance with Justin Bieber, and all things Disney with a surprising level of composure.
The singer/actor/dancer made her professional acting debut on “Barney & Friends” at the age of seven, and went on to play recurring roles in Seasons 2 and 3 of “Hannah Montana” on the Disney Channel. In 2007, she was selected for a starring role on the popular television series “Wizards of Waverly Place.”
She subsequently appeared in films including “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Today, she is a sought-after actress and spokesperson. Selena starred alongside Steve Martin and Martin Short in the Hulu series “Only Murders in the Building” beginning in 2021.
She has also established a successful music career, releasing three studio albums with Selena Gomez & The Scene. All three albums have earned Gold certification.
Selena Gomez is one of the world’s highest-paid endorsers because she is one of the most prominent figures on social media. As of this writing, she has over 58 million followers on TikTok and over 420 million followers on Instagram, making her the first woman to surpass the 400 million follower mark on the platform. Her YouTube channel has nearly 13 billion views and over 33 million subscribers.
She serves as a UNICEF Goodwill Ambassador when she is not recording, performing, filming a project, or rehearsing.
Gomez became an investor and proprietor of the Serendipity ice cream brand. In September, she introduced her cosmetics line, “Rare Beauty.” In addition, she co-founded the mental health platform “Wondermind” and is an investor in the food delivery service GoPuff.
Rare Beauty & Other Investments
Selena is a highly successful investor and entrepreneur apart from her acting and performing careers.
She became an investor and co-owner of the Serendipity ice cream brand in 2020.
Selena is the co-founder of Wondermind, a mental health venture she co-founded. In August 2022, Wondermind secured $5 million at a valuation of $100 million.
In addition to Lightspeed Venture Partners and Sequoia Capital, Serena Williams’ venture fund, Serena Ventures, headed the round. The “mental fitness” company Wonderkind produces social media channels, web content, a newsletter, a podcast, and more.
Selena is the proprietor of the cosmetics company Rare Beauty, which is crucial to her wealth. Selena released Rare Beauty in September 2020 exclusively at Sephora. Rare Beauty has achieved immense success.
The company earned at least $100 million in revenue in 2022. It is projected to generate at least $300 million in 2023. Using a conservative multiple of four times revenue and presuming that $300 million is accurate, Rare Beauty is currently worth at least $1.2 billion.
Rare Beauty has achieved success by emphasizing reasonably-priced, accessible, and simple-to-use products such as lip liner, liquid blush, and liquid foundation. The majority of items cost between $5 and $30.
Rare Beauty contributes one percent of all sales to its own charitable fund. The fund has raised over $5 million to date, including from donor events.
On July 22, 1992, Selena Gomez was born in Grand Prairie, Texas. Her parents are former stage actress Amanda Dawn (Mandy) Cornett and Ricardo Joel Gomez. Selena was born when her mother was just sixteen years old.
The name Gomez was inspired by the famous vocalist Selena Quintanilla-Perez. Selena stayed with her mother after her parent’s divorce when she was five years old. Their financial situation was precarious, as her mother labored to provide for them. In May 2010, Selena earned her high school diploma through homeschooling.
One of her earliest television roles was from 2002 to 2004 on the program Barney and Friends. Selena portrayed “Gianna” on Barney and appeared in fourteen episodes. She appeared in the Barney film alongside Demi Lovato.
In 2003, she also had a cameo appearance in the film Spy Kids 3-D: Game Over. In 2005, she also appeared in the television film Walker, Texas Ranger: Trial by Fire.
In 2006, Selena made a guest appearance on Disney’s The Suite Life of Zack & Cody. In 2007, Selena also portrayed a pop sensation in a recurring role on the hit Disney television series Hannah Montana.
Wizards of Waverly Place, which broadcast a total of 106 episodes between 2007 and 2012, was her breakthrough television role. Wizards also produced two films.
Selena was paid $30,000 per episode for her performance on “Wizards of Waverly Place.” In addition to appearing in a number of films, she recently founded her own production company, July Moon Productions.
Selena Gomez’s Net Worth Accomplishments
- Net Worth: $800 Million
- Date of Birth: Jul 22, 1992 (31 years old)
- Place of Birth: Grand Prairie
- Gender: Female
- Height: 5 ft 4 in (1.65 m)
- Profession: Singer, Actor, Fashion designer, Music artist, Voice Actor, Dancer
- Nationality: United States of America
In December 2009, Selena was added to CelebrityNetWorth with a $1 million net worth. She was 17 years old and earning $30,000 per episode of Wizards of Waverly Place at the time. She made slightly more than $3 million for her work on Wizards.
In 2011, her wealth exceeded $5 million. In April 2013, after publishing her debut solo album, she surpassed $10 million in net worth. She surpassed $18 million in 2015, primarily due to Instagram.
The Puma contract, the Coach deal, album sales, countless singles, acting career, and other factors contributed to her net worth surpassing $60 million by mid-2018. Selena Gomez’s net worth in 2019 was $75 million.
Earnings from Instagram
Selena was Instagram’s most-followed user for many years. Currently, she has more than 420 million followers.
According to estimates, a single Instagram post by Selena is worth $3.5 million to the brand paying for the post. She has reportedly made between $500,000 and $800,000 for a single sponsored post.
Selena earns between $10 and $15 million per year from her numerous endeavors, most notably Coach, Puma, and Instagram. Not quite enough to place her among the top 100 highest-paid celebrities worldwide. Perhaps Ms. Gomez prefers to avoid the spotlight.
Selena has possessed multiple residences over the years.
In July 2011, Selena purchased a residence in Tarzana, California for $2,175,000. The 4,500-square-foot, one-acre home was formerly possessed by rising star Jonah Hill. It is a single-story structure with five bedrooms and five restrooms.
The residence has a spacious eat-in kitchen, an office, high ceilings, abundant natural light, and stunning hardwood floors. In addition to a spa, the courtyard features a pool, tennis court, and bocce ball court. She listed this residence for sale in May 2014 for $3.495 million and sold it in October 2014 for $3.45 million.
In 2014, she paid $3.69 million for a sizable home on 3.15 acres in a gated community in Calabasas. She attempted to sell this home for $4,495,000 but ultimately suffered a minor loss. The property was purchased by rapper French Montana, who listed it for sale in February 2020 for $6,6 million.
In 2015, she purchased a very sizable home in Fort Worth, Texas for an undisclosed sum. In 2016 and 2017, she listed the home for $3.499 million, and in 2018, she reduced the price to $2,999,000. In October 2020, she sold this property for $2.4 million.
In 2017, she spent $2.24 million to purchase a relatively modest home in Studio City, California (relative to her affluence). A year later, she listed it for sale at $2.799 million, and it sold for $2.3 million.
Selena paid $4.9 million in April 2020 for an 11,500-square-foot residence in Encino, California. In the late 1980s, Tom Petty constructed a custom residence, which he then gave to his ex-wife upon their divorce in 1996.
In 2015, Tom’s ex-wife lost her property to foreclosure. Selena made a $400,000 profit on the sale of the property she purchased from a non-celebrity who had it for less than a year.