Selena Gomez Net Worth (Money & Salary)
Title: Selena Gomez Net Worth (Money & Salary)
Last Updated: February 5, 2025
What Is Selena Gomez’s Net Worth and Salary?
With a net worth of $1 billion, Selena Gomez is a renowned American singer, actress, producer, songwriter, and social media sensation. The majority of her wealth, as explained in the upcoming section of this article, is attributed to her immensely successful makeup line, Rare Beauty.
Beginning her career as a child actress in programs like “Barney & Friends,” Selena Gomez has achieved global stardom. In contrast to many of her fellow Disney stars, she has managed to maintain a relatively drama-free life. Unlike Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Selena has adeptly navigated fame, a hectic schedule, and a high-profile romance with Justin Bieber while preserving a remarkable composure.
The singer/actor/dancer started her professional acting journey at seven on “Barney & Friends,” later taking on a recurring role in Seasons 2 and 3 of “Hannah Montana” on the Disney Channel. In 2007, she was cast as one of the leads in the hit series “Wizards of Waverly Place.” Following that, she starred in films like “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” She is now a highly sought-after actress and endorser, and in 2021, she began her role in Hulu’s 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 achieved Gold status.
As one of the most followed individuals on social media, Selena Gomez ranks among the highest-paid endorsers globally. Currently, she boasts more than 58 million followers on TikTok and over 420 million on Instagram, making her the first woman ever to surpass 400 million on the latter platform. Her YouTube channel has garnered over 33 million subscribers and almost 13 billion views.
Beyond her recording and performing endeavors, she also serves as a UNICEF Goodwill Ambassador.
Moreover, Gomez has become an owner and investor in the ice cream brand Serendipity. In September, she introduced the makeup line Rare Beauty and co-founded the mental health platform “Wondermind,” in addition to investing in food delivery company Gopuff.
Rare Beauty & Other Investments
Selena Gomez has also established herself as a notable investor and entrepreneur outside of her acting and singing careers.
In 2020, she invested in and co-owned the ice cream brand Serendipity.
Additionally, Selena co-founded the mental health startup Wondermind. In August 2022, Wondermind secured $5 million with a valuation of $100 million, led by Serena Williams’ venture fund, Serena Ventures, along with Lightspeed Venture Partners and Sequoia Capital. Wonderkind, which markets itself as a “mental fitness” company, produces social media content, a newsletter, a podcast, and more.
Crucially, for her net worth, Selena is the founder of the makeup company Rare Beauty. Launched in September 2020 with a special debut at Sephora, Rare Beauty has seen tremendous success. In 2022, the company reported generating at least $100 million in revenue, with an unverified estimate of $350 million in 2023. Applying a conservative revenue multiple of 4x and assuming the accuracy of the $350 million figure, Rare Beauty’s current worth is deemed to be at least $1.4 billion. Reports suggest that Selena was contemplating a $2 billion acquisition offer in early 2024, with the understanding she holds 51% ownership of the brand.
Rare Beauty’s success is attributed to its focus on…
Products like liquid blush, lip liner, and liquid foundation are offered at a moderate price point, making them accessible and user-friendly. The typical price range for these items is between $5 and $30.
Rare Beauty contributes 1% of all generated sales to its dedicated philanthropic fund, which has raised over $5 million to date, including contributions from donor events.
Early Life
Selena Marie Gomez, born on July 22, 1992, in Grand Prairie, Texas, is the daughter of Ricardo Joel Gomez and former actress Amanda Dawn (Mandy) Cornett. At the age of sixteen, her mother gave birth to her. Inspired by the renowned singer Selena Quintanilla-Perez, she was named after her. Following her parents’ divorce when she was five, Selena stayed with her mother, who faced financial difficulties while raising them. In May 2010, Gomez completed her high school diploma through homeschooling.
Jason Kempin/Getty Images
Early Career
Between 2002 and 2004, one of her initial television roles was on “Barney and Friends,” where Selena portrayed Gianna in 14 episodes, sharing the screen with fellow actor Demi Lovato. During this period, she made a brief appearance in the film “Spy Kids 3-D: Game Over” (2003) and was seen in the TV movie “Walker, Texas Ranger: Trial by Fire” (2005). In 2006, she guest-starred in “The Suite Life of Zack & Cody” on Disney, followed by a recurring role as a pop star in the hit show “Hannah Montana” in 2007.
Acting Career
Selena’s significant breakthrough came with her lead role in “Wizards of Waverly Place,” which spanned 106 episodes from 2007 to 2012, along with two movies. For this show, she earned $30,000 per episode. Additionally, she has acted in various films and established her own production company, July Moon Productions.
Music and Other Ventures
At the age of 16, Selena was signed by Hollywood Records, the same label that represented Miley Cyrus and Demi Lovato. Throughout her career, she has released three studio albums, two EPs, and one compilation album. As the lead vocalist of Selena Gomez and the Scene, she produced three studio albums and one remix album, alongside two solo tours and three tours with her band.
In September 2017, it was announced that she signed a two-year endorsement deal with Puma worth $30 million, becoming the new face of the brand alongside Rihanna. Furthermore, she serves as an executive producer for the Netflix series “13 Reasons Why” and “Living Undocumented.”
Getty
$30 Million Puma Deal
Previously mentioned, Selena has been the face of the activewear brand Puma since September 2017. The deal, which lasted two years, came with a total payout of $30 million. Selena shared the news on Instagram, posting a picture of herself in Puma attire along with the caption, “Officially a part of the fam @puma #pumapartner.”
In a press release, Gomez expressed her excitement about collaborating with Puma, stating, “This partnership is very exciting.” It continued to elaborate, mentioning, “Puma has revolutionized the blend of athletic wear and fashion… Witnessing this impact on style and culture is incredible, and I’m thrilled to be involved. I’m looking forward to creating something special together. We already have some fantastic projects lined up.”
According to Adam Petrick, Global Director for Brand and Marketing at PUMA, “Selena embodies authenticity, creativity, talent, and fearlessness. She represents what today’s female consumer seeks in a role model… Recently, she has shown remarkable strength in her openness about living with lupus, providing a remarkable example of confidence, poise, and determination for us all. Selena is an ideal partner for PUMA because she confronts challenges head-on and perseveres, which aligns perfectly with our brand ethos. She will not only represent our brand but also aid in shaping and enhancing our women’s business.”
Gomez’s first promotional appearance for Puma will feature in the latest campaign for the Phenom, a new line of women’s footwear from Puma.
(VALERIE MACON/AFP/Getty Images)
$10 Million Coach Deal
In December 2016, Selena entered into a $10 million endorsement deal with Coach, a bag manufacturer. At the age of 24, she not only became the brand’s new face but also got the opportunity to design her own line for Coach, which aimed to expand its customer base. The brand was optimistic that Selena, the most followed individual on Instagram at that time, would attract a younger audience while remaining relevant to their existing mature clientele.
Stuart Vevers, Coach’s creative director, mentioned that the entire brand is embracing a “new day at Coach.” In an interview with British Vogue, he commented: “When I first arrived, I drew inspiration from our history, which helped me understand what would resonate 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.”
Consequently, the 75-year-old brand, which is viewed…
“`with numerous organizations and supports various initiatives, demonstrating her commitment to giving back. Notably, she has been involved with the Ryan Seacrest Foundation, which aims to inspire today’s youth through entertainment and education-focused initiatives. Additionally, she has advocated for mental health awareness, partnering with organizations like the “Mental Health Coalition” to help destigmatize mental health issues and promote access to resources. Her philanthropic efforts reflect her deep concern for social issues and a desire to make a positive impact on society.
Selena Gomez supporting a philanthropic cause.
with UNICEF, serving as the organization’s ambassador for the trick-or-treat fundraising initiative. In 2009, Gomez spent a week in Ghana to see for herself the dire circumstances faced by impoverished children lacking basic necessities such as clean water and food. Leveraging her celebrity status through UNICEF, she raised awareness about the situation in Ghana. Additionally, she visited Chile to connect with families participating in UNICEF’s Programa Puente, aimed at equipping them with essential parenting skills.
Gomez also holds the ambassador role for Do.Something.org and is actively involved with the charity RAISE Hope for Congo. In 2012, she became the ambassador for the Ryan Seacrest Foundation. Frequently, she makes appearances at hospitals for children. Furthermore, Selena has served as a spokesperson for State Farm Insurance, featuring in multiple commercials aired on Disney, aimed at promoting safe driving awareness.
Health Issues
In 2014, Selena received a diagnosis of Lupus. In September 2017, her friend and fellow actress Francia Raisa, known for “The Secret Life of the American Teenager,” donated a kidney to her. In April 2020, it became public that Selena had been diagnosed with Bipolar Disorder. She revealed in November 2022 that she experienced an episode of psychosis in 2018.
Matt Winkelmeyer/Getty Images
Selena Gomez Net Worth Milestones
Selena was included in CelebrityNetWorth in December 2009, reporting a net worth of $1 million. At that time, she was earning $30,000 per episode of “Wizards of Waverly Place” at only 17 years old. Over the duration of the show, she collected slightly over $3 million. By 2011, her net worth had exceeded $5 million. In April 2013, following the launch of her debut solo album, she surpassed the $10 million mark in net worth. By 2015, her wealth reached over $18 million, significantly boosted by her success on Instagram. With income from Puma, Coach, album sales, various singles, and her acting career, her net worth surged past $60 million in mid-2018. By 2019, Selena Gomez’s net worth stood at $75 million. In July 2023, her net worth, thanks to Rare Beauty, climbed to an estimated $800 million. By September 2024, Selena officially achieved billionaire status.
Real Estate
Throughout the years, Selena has owned multiple properties.
In July 2011, she purchased a home in Tarzana, California, for $2.175 million. This 4,500-square-foot residence sits on an acre and was formerly owned by rising star Jonah Hill. It features one story with five bedrooms and five bathrooms. The house boasts a spacious eat-in kitchen, an office area, high ceilings, abundant sunlight, and stunning hardwood floors. The backyard contains a spa, pool, tennis court, and bocce ball court. In May 2014, she listed this property for sale at $3.495 million, eventually selling it for $3.45 million in October 2014.
In 2014, she purchased a spacious house within a gated community in Calabasas for $3.69 million, situated on 3.15 acres. Although she initially attempted to sell the house for $4.495 million, she ultimately suffered a small loss when rapper French Montana became the buyer, listing the property in February 2020.
The home was purchased for $6.6 million. Check out this video tour of the property:
In 2015, an unspecified sum was spent by her on a sizable residence in Fort Worth, Texas. This house was offered for sale at $3.499 million in 2016 and 2017, and was later listed again in 2018 for $2.999 million. Eventually, in October 2020, she sold the property for $2.4 million.
For a relatively modest home (considering her financial status) in Studio City, California, she made a purchase in 2017 for $2.249 million. Just a year later, it was listed at $2.799 million, ultimately selling for $2.3 million.
In April 2020, Selena acquired an 11,500-square-foot home located in Encino, California, for $4.9 million. This property was custom-built by Tom Petty in the late 1980s and was transferred to his ex-wife during their divorce in 1996. Following foreclosure in 2015, the home was sold by a non-celebrity who had owned it for less than a year, yielding a profit of $400,000 on the sale.
Selena Gomez Net Worth (Money & Salary)
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Data has been gathered from 2023 and 2024, with projections extending into 2025 and 2026. We also broaden our forecast data to include 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Selena Gomez Net Worth (Money & Salary) Last Updated: February 5, 2025