Selena Gomez Net Worth- $800 Million
Selena Gomez Net Worth and Salary
Selena Gomez, an American singer, actress, producer, and social media star, boasts a staggering net worth of $800 million. The majority of her wealth stems from her incredibly successful makeup brand, Rare Beauty.
Early Career and Rise to Fame
Selena Gomez’s career began as a child actress on shows like “Barney & Friends.” Over the years, she evolved into one of the most famous and influential celebrities globally. Unlike some of her Disney peers, such as Lindsay Lohan and Britney Spears, Selena has managed to navigate fame with grace, avoiding major scandals.
She started acting professionally at the age of seven with a role on “Barney & Friends.” Her Disney Channel breakthrough came with a recurring role on “Hannah Montana” and, more prominently, as a lead on “Wizards of Waverly Place.” The show aired from 2007 to 2012, establishing her as a household name.
Acting and Music Career
Beyond Disney, Selena has appeared in films like “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” She currently stars in the popular Hulu series “Only Murders in the Building,” alongside Steve Martin and Martin Short.
Selena’s music career is equally impressive. She was the lead singer of the band Selena Gomez & The Scene, releasing three Gold-certified albums. As a solo artist, she has released multiple successful albums, further solidifying her place in the music industry.
Social Media Influence
Selena Gomez is a social media sensation, with over 420 million Instagram followers and 58 million TikTok followers. She holds the distinction of being the first woman to surpass 400 million Instagram followers. Her YouTube channel, boasting over 33 million subscribers and nearly 13 billion views, adds to her digital dominance.
Rare Beauty and Business Ventures
Selena’s business acumen shines through her ventures. In September 2020, she launched Rare Beauty, a makeup line that quickly became a massive success. By 2022, Rare Beauty was generating over $100 million in revenue and is on track to reach $300 million in 2023. The brand, known for its affordable and easy-to-use products, is now valued at $1.2 billion.
Rare Beauty donates 1% of all sales to its philanthropic fund, which has already raised over $5 million for charity.
In addition to Rare Beauty, Selena is an investor in the ice cream brand Serendipity and co-founder of the mental health platform Wondermind. Wondermind, launched in 2022, has raised $5 million at a $100 million valuation, with investments from Serena Williams’ venture fund.
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Endorsements and Earnings
Selena’s endorsement deals are equally lucrative. In 2017, she signed a $30 million deal with Puma to become the face of the brand. This partnership is a key contributor to her annual earnings, which range from $10 million to $15 million.
In 2016, Selena signed a $10 million deal with Coach, where she also designed her own line of products. Her influence as a fashion icon has helped Coach attract a younger audience.
Selena’s massive Instagram following allows her to command up to $800,000 per sponsored post, making her one of the highest-paid influencers globally.
Personal Life and Philanthropy
Selena’s personal life has been the subject of much media attention. She had a high-profile, on-again, off-again relationship with Justin Bieber from 2010 to 2018. She has also been linked to The Weeknd and, more recently, producer Benny Blanco.
Health issues have also been a significant part of Selena’s journey. She was diagnosed with Lupus in 2014 and received a kidney transplant in 2017 from her friend Francia Raisa. In 2020, she revealed she has been diagnosed with Bipolar Disorder.
Selena is deeply involved in philanthropy, working closely with UNICEF and serving as an ambassador for various causes. She has traveled to countries like Ghana and Chile to raise awareness about poverty and child welfare.
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Real Estate Investments
Over the years, Selena has made significant investments in real estate. In 2011, she purchased a home in Tarzana, California, for $2.175 million and later sold it for $3.45 million in 2014. Her real estate portfolio continues to grow as she invests in luxury properties across the United States.
In 2014, Selena Gomez bought a large house in a gated community in Calabasas for $3.69 million. The property spanned 3.15 acres. She later tried to sell it for $4.495 million but ended up taking a small loss. The house was eventually bought by rapper French Montana, who listed it for sale in February 2020 for $6.6 million.
In 2015, Selena purchased a very large home in Fort Worth, Texas, although the exact amount she paid wasn’t disclosed. She tried to sell this house for $3.499 million in 2016 and 2017, and then listed it again in 2018 for $2.999 million. She eventually sold it in October 2020 for $2.4 million.
In 2017, Selena bought a relatively modest home in Studio City, California, for $2.249 million. She put it back on the market a year later for $2.799 million and sold it for $2.3 million.
In April 2020, Selena paid $4.9 million for an 11,500-square-foot home in Encino, California. The home was originally custom-built by Tom Petty in the late 1980s. After his divorce in 1996, his ex-wife took over the home but lost it to foreclosure in 2015. Selena bought the property from a non-celebrity who had owned it for less than a year, making a $400,000 profit on the sale.
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Conclusion
Selena Gomez’s journey from a child actress to a global superstar with a net worth of $800 million is a testament to her talent, business acumen, and resilience. With her brand Rare Beauty on the rise and numerous other ventures in the pipeline, Selena’s wealth and influence are set to grow even further.