Selena Gomez Net Worth (Money & Salary)

What Is Selena Gomez’s Net Worth and Salary?

With a net worth of $1 billion, Selena Gomez stands out as an American singer, actress, producer, songwriter, and social media phenomenon. As elaborated in the following section of this article, her impressive wealth mainly stems from her exceptionally successful cosmetic brand, Rare Beauty.

Starting her journey as a child actress on shows such as “Barney & Friends,” Selena Gomez has risen to become one of the world’s most prominent stars. In contrast to some of her fellow Disney alumni facing personal struggles, she has managed to navigate her fame, a hectic schedule, and a high-profile relationship with Justin Bieber while maintaining a commendable level of composure.

At the age of seven, the singer/actor/dancer embarked on her professional acting career with “Barney & Friends,” later securing a recurring role in Seasons 2 and 3 of “Hannah Montana” on Disney Channel. In 2007, she landed a leading role in the hit series “Wizards of Waverly Place.” This success paved the way for her appearances in films like “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Today, she is a highly coveted actress and brand ambassador. In 2021, Selena took on a leading role in the Hulu series “Only Murders in the Building,” starring alongside Steve Martin and Martin Short.

She also ventured into music, having released three studio albums with Selena Gomez & The Scene, all achieving Gold certification.

As one of the most followed individuals on social media, Selena Gomez ranks among the highest-paid endorsers globally. As of now, she boasts over 58 million followers on TikTok and more than 420 million followers on Instagram, making her the first woman to surpass the 400 million mark on the platform. Her YouTube channel enjoys a following of over 33 million subscribers and has accumulated nearly 13 billion views.

In addition to her entertainment endeavors, she serves as a UNICEF Goodwill Ambassador when she isn’t busy with recording, performing, or shooting projects.

Selena has made her mark as an owner and investor in the ice cream brand Serendipity. In September, she introduced a new makeup line called Rare Beauty. She has also co-founded the mental health initiative “Wondermind” and invested in the food delivery service Gopuff.

Rare Beauty & Other Investments

Beyond her career in acting and music, Selena is also a notable investor and entrepreneur.

In 2020, she took on an investment role as a co-owner of the ice cream brand Serendipity.

Moreover, Selena co-founded a mental health startup named Wondermind, which successfully raised $5 million in August 2022, achieving a valuation of $100 million. This funding round was led by Serena Williams’ venture fund, Serena Ventures, in collaboration with Lightspeed Venture Partners and Sequoia Capital. Wondermind identifies itself as a “mental fitness” enterprise and generates content across various platforms, including social media channels, a newsletter, podcasts, and more.

Significantly contributing to Selena’s net worth, she is the brains behind the makeup brand Rare Beauty. Launched in September 2020 with an exclusive storefront at Sephora, Rare Beauty has experienced remarkable success. By 2022, the company had generated at least $100 million in revenue, and in 2023, it reportedly generated an unverified $350 million. Using a conservative 4x revenue multiple and presuming the $350 million figure is accurate, Rare Beauty could be valued at a minimum of $1.4 billion today. Recent reports in early 2024 indicated that Selena was considering a $2 billion acquisition offer and holds a 51% ownership stake in the brand.

The success of Rare Beauty can be attributed to its focus on…on products that are moderately priced, readily accessible, and user-friendly, including items like lip liner, liquid blush, and liquid foundation. Generally, the cost of most products ranges from $5 to $30.

Rare Beauty contributes 1% of its total sales to a philanthropic fund it manages. So far, this fund has successfully raised over $5 million, thanks in part to donor events.

Early Life

Born as Selena Marie Gomez on July 22, 1992, in Grand Prairie, Texas, Selena is the daughter of Ricardo Joel Gomez and Amanda Dawn (Mandy) Cornett, a former stage actress. At the time of Selena’s birth, her mother was only sixteen years old. The name Gomez was inspired by the renowned singer Selena Quintanilla-Perez. After her parents divorced when she was five, Selena lived with her mother, who faced financial challenges while trying to support them. In May 2010, Selena completed her high school education through homeschooling.

Early Career

Selena’s early television career began with her role as Gianna in “Barney and Friends,” where she featured from 2002 to 2004, participating in 14 episodes. During her time on “Barney,” she worked alongside fellow actor Demi Lovato. In 2003, she made a cameo in the film “Spy Kids 3-D: Game Over” and was part of the made-for-TV movie “Walker, Texas Ranger: Trial by Fire” in 2005. Additionally, Selena guest-starred in “The Suite Life of Zack & Cody” in 2006 and had a recurring role as a pop star in Disney’s popular series “Hannah Montana” in 2007.

Acting Career

Her major breakthrough came with the television series “Wizards of Waverly Place,” which ran for 106 episodes between 2007 and 2012, along with two movies based on the show. For her performance in “Wizards of Waverly Place,” Selena earned $30,000 per episode. Besides her television success, she has acted in various films and recently established her own production company called July Moon Productions.

Music and Other Ventures

At the age of 16, Selena signed a contract with Hollywood Records, the same label home to Miley Cyrus and Demi Lovato. She has put out three studio albums, two EPs, and one compilation album. Additionally, she was the lead singer for the band Selena Gomez and the Scene, which released three studio albums and one remix album. Selena has completed two solo tours, in addition to three tours with her former band.

In September 2017, it became known that Selena had entered into a two-year endorsement deal worth $30 million with the footwear brand Puma, positioning her as the brand’s new face alongside Rihanna. She serves as an executive producer of the Netflix projects “13 Reasons Why” and “Living Undocumented.”

$30 Million Puma Deal

Previously mentioned, as of September 2017, Selena serves as the ambassador for the activewear brand Puma. This two-year agreement amounted to a total of $30 million. Selena took to Instagram to announce this partnership by sharing a photo showcasing her in Puma apparel along with the caption, “Officially a part of the fam @puma #pumapartner.”

In a press release, Gomez expressed her enthusiasm for the forthcoming collaboration with Puma, stating that it was “very exciting.” The release continued, “Puma has revolutionized the intersection of athletic wear and fashion … It’s extraordinary to witness this impact on culture and style, and I’m thrilled to be involved. I look forward to creating something special together, as we already have some innovative projects underway.”

Adam Petrick, Global Director for Brand and Marketing at PUMA, remarked, “Selena embodies authenticity, creativity, talent, and is unapologetically real. She embodies what today’s female consumer seeks in a role model … Lately, she has showcased immense strength. Her candidness about living with Lupus has set an inspiring standard of confidence, grace, and resolve for all of us. Selena stands as an ideal partner for PUMA because she’s unafraid of the adversities our world presents; she fights through and endures, which precisely aligns with PUMA’s ethos. She won’t just symbolize our brand but will also help to shape and elevate our women’s division.”

Gomez is set to make her first appearance for Puma in the latest campaign for the Phenom, which is one of Puma’s newest women’s footwear collections.

$10 Million Coach Deal

In December 2016, Gomez entered into a $10 million endorsement contract with Coach, the bag manufacturer. At that point, Selena was just 24 years old. This agreement not only established her as the brand’s new face but also permitted Gomez to launch her own collection for Coach, which aimed to expand its customer demographic. The company was hopeful that Selena, who was then the most followed individual on Instagram, would attract younger consumers while still appealing to their existing mature customer base.

Stuart Vevers, the creative director at Coach, remarked that the brand is transitioning into a “new day at Coach.” He stated in an interview with British Vogue, “When I first came on board, I utilized our history as a reference point, which allowed me to identify authentically believable elements within Coach … I believed it was crucial to be daring and to look ahead, exploring what the forthcoming generation seeks from luxury and fashion.”

Consequently, the brand, which has been around for 75 years, is shifting its focus.
“`with numerous organizations that aim to promote mental health awareness, education, and support for marginalized communities. Through her platform, she has advocated for various issues, using her influence to raise awareness and encourage her followers to get involved.

Earnings from Instagram

For an extended period, Selena held the title of the most-followed individual on Instagram, boasting over 420 million followers today.

The estimated worth of a single sponsored post by Selena is around $3.5 million for the brands associated with it. She has been reported to receive between $500,000 and $800,000 for individual posts. From her various ventures, primarily her collaborations with Coach, Puma, and her Instagram presence, Selena’s earnings range between $10 million to $15 million annually. While this is an impressive figure, it doesn’t quite place her among the 100 highest-paid celebrities globally. It’s possible that Ms. Gomez prefers a more understated lifestyle.

Personal Life

Selena’s romantic history includes a brief relationship with Nick Jonas in 2008. She is well-known for her tumultuous relationship with Justin Bieber, which involved multiple cycles of breaking up and getting back together. Their serious relationship spanned two years, from December 2010 to November 2012, and they would go on to reconnect in subsequent years, repeating the pattern through 2013, 2014, 2015, and ultimately separating for good in March 2018. Between January and October 2017, she dated The Weeknd, whose album “My Dear Melancholy,” released in March 2018, includes several hints at their relationship.

Selena has referred to Taylor Swift as her “only” friend within the music industry.

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

Philanthropy

Selena is an active philanthropist, dedicating many hours to various causes. She collaborates closely with multiple organizations aimed at promoting mental health awareness, education, and support for marginalized groups. Using her platform, she advocates for various issues, raising awareness and encouraging her followers to engage in meaningful ways.

with UNICEF and presently serves as the organization’s ambassador for the trick-or-treat fundraising initiative. In 2009, Gomez spent a week in Ghana to observe the dire circumstances faced by impoverished children lacking essentials such as clean water and food. Through her affiliation with UNICEF, she aimed to shed light on the issues in Ghana. Additionally, she visited Chile to interact with the families involved in UNICEF’s Programa Puente program, designed to equip parents with necessary parenting skills.

Moreover, Gomez holds an ambassador position at Do.Something.org and actively participates with the charity RAISE Hope for Congo. In 2012, she was appointed as the ambassador for the Ryan Seacrest Foundation. She frequently visits children’s hospitals to spread joy. Additionally, Selena has served as a spokesperson for State Farm Insurance, featuring in various commercials aired on Disney to advocate for safe driving practices.

Health Issues

In 2014, Selena received a diagnosis of Lupus. 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, it was disclosed that Selena was diagnosed with Bipolar Disorder. Furthermore, in November 2022, she revealed that she had experienced an episode of psychosis in 2018.

Selena Gomez Net Worth Milestones

In December 2009, Selena was included in CelebrityNetWorth with a reported net worth of $1 million, at which point she was 17 years old and earning $30,000 per episode of “Wizards of Waverly Place.” Her total earnings from the show surpassed $3 million. By 2011, her net worth exceeded $5 million, and in April 2013, it broke the $10 million mark following the release of her debut solo album. In 2015, she reached a net worth of over $18 million, significantly bolstered by her Instagram presence. By mid-2018, her net worth soared to over $60 million, fueled by deals with Puma and Coach, album sales, numerous singles, and her acting career. By 2019, Selena’s net worth reached $75 million. As of July 2023, thanks to Rare Beauty, her estimated net worth climbed to $800 million. In September 2024, she officially achieved billionaire status.

Real Estate

Throughout the years, Selena has owned several properties.

In July 2011, she purchased a home in Tarzana, California, for $2.175 million. This 4,500-square-foot residence, previously owned by the rising star Jonah Hill, is situated on an acre of land and is a single-story structure featuring five bedrooms and five bathrooms. The house boasts a spacious eat-in kitchen, office space, high ceilings, abundant natural light, and beautiful hardwood floors. The backyard includes a spa, a pool, a tennis court, and a bocce ball court. In May 2014, she listed this property for sale at $3.495 million, ultimately selling it for $3.45 million in October 2014.

In 2014, Selena acquired a large house in a gated community in Calabasas for $3.69 million, encompassing 3.15 acres. She attempted to sell this home for $4.495 million at one stage but ultimately incurred a minor loss when it was purchased by rapper French Montana, who listed the property in February 2020.

for $6.6 million. Below is a video tour of that property:

In 2015, an unspecified amount was spent by her to acquire a very large residence in Fort Worth, Texas. She placed that house on the market for $3.499 million in both 2016 and 2017, and subsequently relisted it in 2018 for $2.999 million. Ultimately, she sold this property for $2.4 million in October 2020.

In 2017, she invested $2.249 million in a relatively modest (considering her wealth) home located in Studio City, California. After a year, she put it up for sale at $2.799 million, and it eventually sold for $2.3 million.

In April 2020, Selena acquired an 11,500-square-foot residence in Encino, California for $4.9 million. This house was custom-built by Tom Petty in the late 1980s and was then transferred to his ex-wife after their divorce in 1996. The home was lost to foreclosure by Tom’s ex-wife in 2015. Selena bought it from a non-celebrity who owned it for less than a year, making a profit of $400,000 on the sale.