What are the salary and net worth of Selena Gomez?
With a net worth of salena gomez $800 million, Selena Gomez is an American singer, actor, producer, songwriter, and social media sensation. Selena Gomez's extremely successful makeup line, Rare Beauty, accounts for the great majority of her net worth, as we go into more depth about in the following section of this post.
One of the biggest performers in the world, Selena Gomez started her career as a child actress on series like Barney & Friends. Comparatively speaking to some of her Disney starlet peers, Selena Gomez has managed to avoid scandal. Ms. Gomez has managed to maintain an unexpected level of composure in the face of fame, a hectic schedule, a high-profile romance with Justin Bieber, and everything Disney, in contrast to Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato.
Starring in "Barney & Friends," the singer-actor-dancer started her professional acting career at the age of seven. She later secured a recurring role on the Disney Channel for "Hannah Montana" seasons two and three. In 2007, she was chosen to play a lead role in the hit television show "Wizards of Waverly Place." After that, she starred in movies including "Princess Protection Program," "Another Cinderella Story," and "Ramona and Beezus." She is now a highly sought-after endorser and actress. Selena started acting with Steve Martin and Martin Short in the Hulu series "Only Murders in the Building" in 2021.
Along with starting a lucrative music career, she collaborated with Selena Gomez and The Scene on three studio albums. Gold status has been attained by all three albums.
Being one of the most well-liked personalities on social media, Selena Gomez is among the highest-paid brand ambassadors globally. She is now the first woman to reach the 400 million mark on Instagram, with more than 420 million followers and more than 58 million on TikTok as of this writing. With over 33 million subscribers, her YouTube channel has had close to 13 billion views.
She is a UNICEF Goodwill Ambassador in addition to performing, filming, recording, and practicing.
Gomez started investing in and owning Serendipity ice cream. She debuted the "Rare Beauty" makeup brand in September. She also invested in Gopuff, a meal delivery service, and co-founded the mental health website "Wondermind.".
Unique Beauty and Additional Investments
Selena has achieved great success as an investor and entrepreneur in addition to her careers in acting and singing. She started investing in and co-owning Serendipity Ice Cream in 2020.
Wondermind is a startup focused on mental wellness that Selena co-founded. Wondermind raised $5 million at a $100 million valuation in August 2022. Along with Lightspeed Venture Partners and Sequoia Capital, Serena Williams' venture fund, Serena Ventures, led the investment. Wonderkind is a "mental fitness" company that creates podcasts, web material, newsletters, social media channels, and more.
Selena founded the makeup brand Rare Beauty, which is the primary source of her wealth. In September 2020, Selena debuted Rare Beauty, which was available only at Sephora. Rare Beauty has achieved great success. The business brought in at least $100 million in revenue in 2022. According to reports, it will likely produce $300 million or more in 2023. Assuming $300 million is true and applying a conservative 4x revenue multiple, Rare Beauty's current market value is at least $1.2 billion.
Focusing on reasonably priced, easily accessible, and user-friendly products like lip liner, liquid blush, and liquid foundation has allowed Rare Beauty to achieve success. Most goods have a price tag of $5 to $30.
One percent of every sale is donated by Rare Beauty to its own charitable fund. With donor events included, the fund has already raised more than $5 million to date.
Selena Gomez Childhood
On July 22, 1992, Selena Gomez was born in Grand Prairie, Texas. Amanda Dawn (Mandy) Cornett, a former theater actress, and Ricardo Joel Gomez are her parents. Selena was born when her mother was only sixteen years old. Gomez bears the name Selena Quintanilla-Perez, a well-known singer. When Selena was five years old, her parents got divorced, and she stayed with her mother. Her mother fought to support them; thus, they experienced financial difficulties. Through homeschooling, Selena received her high school graduation in May 2010.
Selena Gomez Early Professional Life
From 2002 until 2004, she played one of her first TV roles on the program Barney and Friends. On Barney, Selena portrayed "Gianna" and made 14 appearances. She co-starred with fellow performer Demi Lovato in the film Barney. Around this time in 2003, she also made a brief appearance in the movie Spy Kids 3-D: Game Over. In 2005, she also starred in the television film Walker, Texas Ranger: Trial by Fire. In 2006, Selena appeared as a guest on Disney's The Suite Life of Zack & Cody. In 2007, Selena made another appearance as a pop singer in a recurring role on Disney's hit series Hannah Montana.
Selena Gomez Acting Career
Her breakthrough television performance came in 106 episodes of the 2007–2012 season of Wizards of Waverly Place. Wizards also produced a pair of films. Selena received $30,000 for each episode of Wizards of Waverly Place for which she worked. In addition, she has made other cinematic appearances. Most recently, she founded July Moon Productions, her own production company.
Playing music and other activities
At sixteen, Selena signed a record deal with Hollywood Records, the same label that had signed Demi Lovato and Miley Cyrus. Three studio albums, two EPs, and one compilation album have all been released by her. In addition, Gomez was the lead vocalist for Selena Gomez and the Scene. Three studio albums and one remix album were released by them. She has completed three tours with her old band in addition to two solo tours.
It was announced in September 2017 that Selena had inked a $30 million, two-year endorsement contract with Puma. Selena and Rihanna became the new faces of Puma as a result of the partnership. She serves as an executive producer for the Netflix original shows Living Undocumented and 13 Reasons Why.
$30 million Agreement with Puma
As we previously stated, Selena began serving as the face of the athletic apparel brand Puma in September 2017. A total of $30 million was paid over the two-year agreement. Selena used Instagram to reveal the partnership, sharing a picture of herself donning Puma clothing with the words "Officially a part of the family, @puma #pumapartner."
According to a press release, Gomez called the future partnership with Puma "very exciting." The press release continued, saying, "Puma has revolutionized the way that sportswear and fashion are combined. I'm thrilled to be a part of this wonderful effect on culture and fashion. I'm hoping that together we can produce something exceptional. We currently have a few pretty exciting initiatives underway."
"Selena is authentic, creative, talented, and fearlessly real," stated Adam Petrick, Global Director for Brand and Marketing at PUMA. She embodies every quality that a modern-day female customer seeks in a role model. She has proven how strong she really is in recent days. She has set a fantastic example of self-assurance, grace, and perseverance for all of us with her candor and openness about having lupus.
Because Selena battles and perseveres, which is exactly what PUMA is all about, and because she is not afraid of the hardships our world can give, she is the ideal companion for PUMA. She will serve as a spokesperson for our company and contribute to the development of our women's business."
Gomez will make her debut for Puma in the company's most recent advertising campaign for the Phenom, a new line of women's sneakers.
$10 million coach contract
She inked a $10 million endorsement contract with Coach, a manufacturer of bags, in December 2016. Selena was 24 years old at the time. In addition to becoming the brand's new face, the agreement gave Gomez the opportunity to launch her own collection for Coach, which was trying to attract a wider clientele. The company anticipated that Gomez, who at the time had the largest Instagram following, would assist in attracting a younger demographic while still catering to their older clientele.
The whole Coach brand, according to creative director Stuart Vevers, is anticipating a "new day at Coach." "When I first joined, I used our history as a touchstone, so it was for me to discover the things that would be believable at Coach," he stated in an interview with British Vogue. I believed it was critical to take a risk, look forward, and discover what the upcoming generation desires in terms of opulence and style."
Consequently, the 75-year-old company—which some view as a "heritage" brand for the elderly—has been actively trying to reach out to a younger demographic. Michael B. Jordan, Diplo, and Zoë Kravitz were among the rising stars that graced Coach's 75th anniversary celebration recently. Coach aims to capitalize on the popularity of these young stars by attracting a new clientele. That tendency is furthered by the signing of Gomez.
Selena Gomez Instagram Earnings
Selena had the most Instagram followers for an extended period of time. She currently has more than 420 million followers.
Selena's worth as an Instagram star is estimated to be $3.5 million for the brand that pays for her posts. She has received payments for a single sponsored post ranging from $500,000 to $800,000. Selena makes between $10 and $15 million a year from her many ventures, mostly with Coach, Puma, and Instagram. Not quite enough to place her among the top 100 highest-paid celebrities worldwide, but still a very, very outstanding sum. Maybe Ms. Gomez would rather keep things low-key.
Selena Gomez Individual Life
Selena briefly dated Nick Jonas in 2008. Another noteworthy aspect of Selena's fame is her contentious relationship, which has been on and off with fellow music sensation Justin Bieber. Selena was reportedly compelled to check herself into a rehabilitation facility due to the stress of their relationship. From December 2010 to November 2012, the two had a committed relationship that lasted for two years before breaking up and then getting back together. This cycle was carried out again in 2013, 2014, 2015, and 2017. March 2018 is said to have been their final breakup month.
Gomez had a significant relationship with The Weeknd from January 2017 until October 2017. Gomez is mentioned multiple times on The Weeknd's album, My Dear Melancholy, which was released in May 2018.
Taylor Swift has been described by Selena Gomez as her "only" buddy in the business.
Selena disclosed that she was dating producer Benny Blanco in December 2023.
Charity
Selena is an extremely involved philanthropist who donates a significant amount of her time to numerous charities. She is presently UNICEF's ambassador for the trick-or-treat fundraising initiative and collaborates closely with the charity. In order to see firsthand the terrible circumstances of underprivileged children who lacked basic needs like clean water and food, Gomez spent a week in Ghana in 2009.
She raised awareness for Ghana by using her celebrity influence through UNICEF. She also visited families in Chile as part of UNICEF's Porgrama Puente program, which assists families in acquiring the skills necessary for raising children.
Gomez works with the nonprofit organization RAISE Hope for Congo in addition to serving as the ambassador for Do.Something.org. She was appointed a Ryan Seacrest Foundation ambassador in 2012. She is well-known for frequently visiting hospitals for children. In addition, Selena served as a spokesperson for State Farm Insurance and made multiple Disney commercial appearances aimed at promoting safe driving.
Selena Gomez Health Concerns
In 2014, Selena received a lupus diagnosis. In September 2017, her friend and fellow actress Francia Raisa (of The Secret Life of the American Teenager fame) gave her a kidney transplant. It was disclosed in April 2020 that Selena had received a bipolar disorder diagnosis. She disclosed in November 2022 that she experienced a psychotic episode in 2018.
Milestones in Selena Gomez's Net Worth
With a $1 million net worth, Selena was added to CelebrityNetWorth in December 2009. She was seventeen years old at the time, and each Wizards of Waverly Place episode brought in thirty thousand dollars. Her salary from working on Wizards was little over $3 million. Her net worth exceeded $5 million by 2011. After releasing her first solo album in April 2013, her net worth surpassed $10 million. In 2015, she made about $18 million, primarily because of Instagram. Her net worth exceeded $60 million in the middle of 2018 due to her acting career, Puma agreement, Coach partnership, album sales, numerous hits, and other factors. Selena Gomez had a $75 million net worth as of 2019.
Real Estate
Over the years, Selena has owned several houses.
Selena paid $2.175 million for a Tarzana, California, house in July 2011. Rising actor Jonah Hill once owned the 4,500-square-foot mansion on an acre of property. There are five bedrooms and five baths on one level. The house has gorgeous hardwood floors, high ceilings, an office area, and an expansive eat-in kitchen with loads of natural light. A tennis court, bocce ball court, and pool are located in the backyard, along with a spa. She put this house up for sale in May 2014 with a $3.495 million asking price, and in October 2014, she sold it for $3.45 million.
She spent $3.69 million in 2014 to purchase a sizable home on 3.15 acres in a gated enclave in Calabasas. She attempted to sell this mansion for $4.495 million at one point, but she ultimately suffered a slight loss. Rapper French Montana purchased the property; he had marketed it for $6.6 million in February 2020. This is the house's virtual tour:
She paid an undisclosed sum for a sizable house in Fort Worth, Texas, in 2015. In 2016 and 2017, she listed the house for $3.499 million, and in 2018, she listed it for $2.999 million. In October of 2020, she sold this property for $2.4 million.
She invested $2.249 million in 2017 to buy a reasonably priced (for her riches) house in Studio City, California. A year later, she put it up for sale for $2.799 million, and it went for $2.3 million.
why is selena gomez net worth so low
Selena spent $4.9 million on an 11,500-square-foot house in Encino, California, in April 2020. The house was custom-built by Tom Petty in the late 1980s, and after their 1996 divorce, he gifted it to his former spouse. In 2015, foreclosure took the home from Tom's ex-wife. A non-celebrity who had owned the house for less than a year and profited $400,000 from its sale was the seller Selena bought it from.