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 prominent social media influencer. The majority of her wealth is attributed to her immensely successful makeup brand, Rare Beauty, as will be detailed in the following section of this article.

Starting her career as a child actress in shows like “Barney & Friends,” Selena Gomez has grown to become one of the most celebrated stars globally. Maintaining a relatively drama-free existence compared to some of her Disney star peers, she has navigated fame, a hectic schedule, and a highly publicized relationship with Justin Bieber with remarkable composure, unlike Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato.

Selena began her professional acting career at the young age of seven on “Barney & Friends” and progressed to a recurring role on the Disney Channel’s “Hannah Montana” during Seasons 2 and 3. In 2007, she secured a leading role on the beloved series “Wizards of Waverly Place.” Following that, her film appearances included “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Today, she is a highly sought-after actress and brand ambassador. In 2021, she made her debut in the Hulu series “Only Murders in the Building,” starring alongside Steve Martin and Martin Short.

Additionally, she launched a thriving music career, releasing three studio albums with Selena Gomez & The Scene, each achieving Gold certification.

As one of the most influential figures on social media, Selena ranks among the highest-paid endorsers globally. Currently, she boasts over 58 million followers on TikTok and more than 420 million on Instagram, being the first woman to reach the 400 million follower mark on the platform. With over 33 million subscribers on her YouTube channel, she has amassed nearly 13 billion total views.

In her downtime from recording, performing, and other projects, she dedicates time as a UNICEF Goodwill Ambassador.

Gomez also became a co-owner and investor in the ice cream brand Serendipity. In September, she unveiled her makeup line, Rare Beauty. Furthermore, she co-founded the mental health platform “Wondermind” and invested in food delivery service Gopuff.

Rare Beauty & Other Investments

In addition to her accomplished acting and music career, Selena is a thriving entrepreneur and investor.

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

Selena is a co-founder of the mental health startup Wondermind. In August 2022, this startup successfully raised $5 million at a valuation of $100 million. The funding round was led by Serena Williams’ venture fund, Serena Ventures, with participation from Lightspeed Venture Partners and Sequoia Capital. Wondermind promotes itself as a “mental fitness” company, offering social media channels, web content, a newsletter, a podcast, and more.

Crucially for her financial status, Selena founded the makeup brand Rare Beauty. Launched in September 2020 with an exclusive debut at Sephora, Rare Beauty has proven to be a significant success. By 2022, the brand generated a minimum of $100 million in revenue, with an unverified estimate of $350 million for 2023. If we apply a conservative revenue multiple of 4x and assume the $350 million figure is correct, Rare Beauty’s valuation stands at a minimum of $1.4 billion today. Reports indicated that by early 2024, she was contemplating a $2 billion acquisition offer, and it is believed that she holds 51% ownership of the brand.

Success for Rare Beauty has been attributed to a focus on

Focusing on moderately priced, easy-to-access, and user-friendly products, the line includes items like lip liner, liquid blush, and liquid foundation, with most prices ranging from $5 to $30.

1% of all sales from Rare Beauty goes to its dedicated philanthropic fund, which has successfully raised over $5 million to date, aided by various donor events.

Early Life

Born on July 22, 1992, in Grand Prairie, Texas, Selena Gomez was named Selena Marie Gomez. Her parents, Ricardo Joel Gomez and former stage actress Amanda Dawn (Mandy) Cornett, separated when she was five. Selena, whose name honors the renowned singer Selena Quintanilla-Perez, was raised primarily by her mother, who faced financial struggles while parenting. To complete her education, Selena opted for homeschooling, earning her high school diploma in May 2010.

Early Career

Between 2002 and 2004, one of Selena’s first television appearances was on the program “Barney and Friends,” where she portrayed Gianna in 14 episodes alongside Demi Lovato. Additionally, she made a cameo in the film “Spy Kids 3-D: Game Over” in 2003 and featured 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 landed a recurring role as a pop star in the hit series “Hannah Montana” in 2007.

Acting Career

Selena’s major breakthrough came with the television series “Wizards of Waverly Place,” which ran from 2007 to 2012 for a total of 106 episodes. The series also inspired two movies. For her contribution, she earned $30,000 per episode. Beyond television, she has been involved in several films and recently established her own production company, July Moon Productions.

Music and Other Ventures

At the age of 16, Selena Gomez signed with Hollywood Records, the same label that represented Miley Cyrus and Demi Lovato. Her discography includes three studio albums, two EPs, and one compilation album. As the lead vocalist of the band Selena Gomez and the Scene, they produced three studio albums and a remix album, alongside two solo tours and three with her band.

In September 2017, it was announced that Selena had signed a lucrative two-year endorsement deal worth $30 million with the footwear brand Puma, making her the new face of the company alongside Rihanna. Additionally, she serves as an executive producer for the Netflix series “13 Reasons Why” and “Living Undocumented.”

$30 Million Puma Deal

Previously noted, Selena became the face of activewear brand Puma as of September 2017. The total remuneration for the two-year contract was $30 million. Selena shared the news on Instagram by posting a photo wearing Puma attire along with the caption, “Officially a part of the fam @puma #pumapartner.”

In a press release, Gomez expressed her enthusiasm regarding the forthcoming collaboration with Puma, stating it was “very exciting.” The press release elaborated, “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.”

According to Adam Petrick, Global Director for Brand and Marketing at PUMA, “Selena is authentic, creative, talented, and fearlessly real. She embodies everything that today’s female consumer seeks in a role model … Recently, she has shown us just how strong she really is. By being honest and open about living with Lupus, she has set an incredible example of confidence, poise, and determination for all of us. Selena is the ideal partner for PUMA as she embraces the challenges our world presents; she fights and perseveres, which aligns perfectly with PUMA’s values. She will not only represent our brand but also help to define and enhance our women’s business.”

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

$10 Million Coach Deal

In December 2016, Gomez finalized a $10 million endorsement agreement with Coach, a bag manufacturer. At that time, Selena was 24 years old. Besides becoming the brand’s new face, the deal enabled Gomez to establish her own line for Coach, which aimed to expand its customer reach. The brand was hopeful that Selena, being the most followed person on Instagram at the time, would attract younger clientele while remaining connected to their mature customer base.

Stuart Vevers, the creative director at Coach, mentioned that the brand is heading toward a “new day at Coach.” He remarked in an interview with British Vogue, “When I first joined, I utilized our history as a reference point, so it was essential for me to identify elements that would feel credible at Coach … I believed it was crucial to be bold, to look ahead, and to explore what the next generation desires from luxury and fashion.”

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As some view the brand as a “heritage” label primarily for older demographics, Coach is actively seeking to engage a younger audience. At the recent 75th anniversary celebration of Coach, numerous young celebrities, including Michael B. Jordan, Diplo, and Zoë Kravitz, graced the event with their presence. Coach aims to leverage this youthful star power to cultivate a new generation of customers. Signing Gomez is an additional measure towards achieving this goal.

Earnings from Instagram

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

Estimates suggest that a single Instagram post from Selena can bring in approximately $3.5 million for the associated brand. She typically earns between $500,000 and $800,000 for a sponsored post. Across her various ventures, mainly Coach, Puma, and Instagram, Selena’s annual income is estimated between $10-15 million. While this sum is certainly impressive, it does not place her among the 100 highest-paid celebrities globally. This might indicate that Ms. Gomez prefers to maintain a lower profile.

Personal Life

Selena had a brief romantic relationship with Nick Jonas in 2008. She is also well-known for her tumultuous on-and-off relationship with pop star Justin Bieber, which was reportedly so taxing that she sought treatment at a rehab facility. They were in a serious relationship for two years from December 2010 to November 2012, followed by a breakup, reconciling, and repeating this pattern in 2013, 2014, 2015, and 2017, ultimately parting ways for good in March 2018. Additionally, Gomez had a relationship with The Weeknd from January 2017 until October 2017. His album “My Dear Melancholy,” released in March 2018, alludes to Gomez.

Selena Gomez has described Taylor Swift as her “only” friend within the entertainment industry.

In December 2023, Selena announced her relationship with producer Benny Blanco.

Philanthropy

Actively participating in various philanthropic efforts, Selena dedicates numerous hours to many causes. She collaborates closelywith UNICEF, currently serving as the organization’s ambassador for the trick-or-treat fundraising initiative. In 2009, Gomez made a week-long trip to Ghana to observe the dire circumstances faced by impoverished children lacking essentials such as clean water and nutrition. Through her affiliation with UNICEF, she advocated for awareness regarding the situation in Ghana. Additionally, she visited Chile to engage with families benefiting from UNICEF’s Programa Puente, which supports parents in developing vital child-rearing skills.

Gomez serves as the ambassador for Do.Something.org and also participates with the charity RAISE Hope for Congo. In 2012, she was appointed as an ambassador for the Ryan Seacrest Foundation. Frequently, she makes appearances at children’s hospitals and has also worked as a spokesperson for State Farm Insurance, featuring in multiple Disney commercials aimed at promoting safe driving awareness.

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 for “The Secret Life of the American Teenager”) as the donor. In April 2020, it was publicly announced that Selena had been diagnosed with Bipolar Disorder. In November 2022, she shared that she had experienced an episode of psychosis in 2018.

Selena Gomez Net Worth Milestones

In December 2009, Selena was listed on CelebrityNetWorth with an estimated net worth of $1 million. At just 17 years old, she was earning $30,000 per episode for “Wizards of Waverly Place.” Her total earnings from the series amounted to over $3 million. By 2011, her net worth surpassed $5 million. In April 2013, following the release of her debut solo album, her net worth exceeded $10 million. By 2015, her wealth had grown to over $18 million, significantly influenced by her Instagram presence. Thanks to partnerships with Puma and Coach, alongside album sales, numerous singles, and her acting career, her net worth hit over $60 million by mid-2018. In 2019, Selena Gomez’s net worth reached $75 million. As of July 2023, largely due to Rare Beauty, her net worth was estimated to be $800 million. Marking a significant milestone, Selena officially became a billionaire in September 2024.

Real Estate

Throughout the years, Selena has owned several properties.

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

In 2014, she invested $3.69 million in a large house located on 3.15 acres within a gated community in Calabasas. At one point, she attempted to sell this property for $4.495 million but ultimately incurred a small financial loss. The buyer was rapper French Montana, who listed the home in February 2020.for $6.6 million. Below is a video tour of the residence:

In 2015, an undisclosed sum was spent by her to purchase a significantly large home located in Fort Worth, Texas. She first listed this residence for $3.499 million in 2016 and 2017, before re-listing it in 2018 at a price of $2.999 million. Ultimately, she sold the property in October 2020 for $2.4 million.

In 2017, she invested $2.249 million in a relatively modest home (by her standards) in Studio City, California. A year later, 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 home in Encino, California, for $4.9 million. This home was custom-built in the late 1980s by Tom Petty, who subsequently handed it over to his ex-wife after their divorce in 1996. Unfortunately, Tom’s ex-wife lost the property to foreclosure in 2015. Selena purchased the residence from a non-celebrity who had owned it for less than a year and made a $400,000 profit from the sale.