Selena Marie Gomez is a multifaceted American talent, known for her work as a singer, actress, producer, and entrepreneur. From starring in shows like Wizards of Waverly Place to launching a successful beauty brand, Selena Gomez net worth is one of determination and smart business decisions.
We’ll dive into her acting roles, music, business ventures, and more to get a clear picture of how she continues to grow her fortune in 2024.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Selena Marie Gomez |
| Popular Name | Selena Gomez |
| Net Worth | $1.3 billion |
| Salary | N/A |
| Birth Date | July 22, 1992 |
| Birthplace | Grand Prairie, Texas |
| Gender | Female |
| Height | 5 ft 5 in (1.65 m) |
| Parents | Mandy Teefey, Ricardo Joel Gomez |
| Siblings | Gracie Elliott Teefey, Victoria Gomez |
| Marital Status | Unmarried |
| Wife/Spouse | N/A |
| Dating | Benny Blanco (2023-now), The Weeknd (ex), Justin Bieber (ex) |
| Children | N/A |
| Education | High school diploma (homeschool), Danny Jones Middle School |
| Profession | Actress, Singer, Businesswoman |
| Nationality | American |
What is Selena Gomez Net Worth in 2024?
Selena Gomez is an American singer, actress, producer, and social media star with a net worth of $1.3 billion in 2024, largely due to her highly successful makeup brand, Rare Beauty.
She began her career as a child actress on Barney & Friends before rising to fame on Disney’s Wizards of Waverly Place. Unlike Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Selena has maintained a relatively drama-free career, despite her high-profile relationship with Justin Bieber.
In addition to acting, she has released three Gold-certified albums with her band Selena Gomez & The Scene. She also stars in Hulu’s Only Murders in the Building alongside Steve Martin and Martin Short. With over 420 million Instagram followers and 58 million TikTok followers, she is one of the world’s top-paid social media influencers.
She is also a UNICEF Goodwill Ambassador, co-founder of the mental health platform Wondermind, and an investor in companies like Serendipity and Gopuff.
If you want to know other aspects of Selena Gomez, you can read more at here.
Selena Gomez Early Life
Selena Marie Gomez was born on July 22, 1992, in Grand Prairie, Texas, to Ricardo Joel Gomez and former stage actress Amanda Dawn (Mandy) Cornett.
Her parents divorced when she was five years old, and she was raised by her mother, often facing financial struggles. She was named after the Tejano singer Selena Quintanilla, one of her mother’s favorite artists.
Despite the challenges of growing up in a single-parent household, she discovered her passion for performing at an early age. She completed her high school education through homeschooling in 2010 while pursuing her entertainment career.
Selena Gomez Career Highlights
Early Career
Selena’s career began in 2002 when she landed a role on Barney & Friends, where she played Gianna for two years. She shared the screen with another future Disney star, Demi Lovato, during her time on the show. Her big break came when she was cast in Disney Channel’s Wizards of Waverly Place in 2007 as Alex Russo, a role that earned her widespread recognition.
She starred in 106 episodes over five years and became one of the most iconic Disney Channel stars, earning $30,000 per episode. Her Disney career also included roles in Another Cinderella Story, Princess Protection Program (with Lovato), and Hannah Montana (starring Miley Cyrus).
Music Career
In 2009, Selena transitioned into the music world, forming the band Selena Gomez & The Scene. The group released three studio albums, all of which achieved Gold certification by the Recording Industry Association of America (RIAA).
In 2013, she released her debut solo album Stars Dance, which debuted at number one on the Billboard 200. She has since released two more solo albums, Revival (2015) and Rare (2020).
Her music career has been bolstered by hit singles such as Come & Get It, Good for You, and Lose You to Love Me, her first single to reach number one on the Billboard Hot 100.
Recent Acting Roles
While balancing her music, Selena has returned to acting, most notably starring in Hulu’s hit series Only Murders in the Building alongside comedy legends Steve Martin and Martin Short.
The show, which premiered in 2021, has received critical acclaim, earning Gomez a Producers Guild of America Award nomination as an executive producer. Her role as Mabel Mora, a true crime podcast enthusiast, has been praised for showing a new side of her acting range.
Selena Gomez Finance Overview
Business Ventures & Investments
Rare Beauty
Selena’s most successful business venture is Rare Beauty, a cosmetics line she founded on September 3, 2020. The brand was inspired by her third studio album Rare (also released launched in 2020).
Rare Beauty quickly became a standout in the beauty industry for its emphasis on inclusivity and natural beauty, focusing on easy-to-use, accessible products like liquid blush, foundation, and lip liner. Rare Beauty generated $350 million in revenue in 2023, and the brand is valued at $1.4 billion.
She holds a 51% ownership stake in the company, and her leadership has been a driving force behind its success. A portion of the company’s sales goes to the Rare Impact Fund, which has raised over $5 million for mental health services.
Other Investments
Selena is also involved in other entrepreneurial ventures. In 2020, she co-founded Wondermind, a mental health platform aimed at providing tools for mental fitness. The startup raised $5 million in 2022 and is valued at $100 million.
Serena Williams’ venture fund, Serena Ventures, was a major backer of Wondermind, alongside Lightspeed Venture Partners and Sequoia Capital. Additionally, she is an investor in the popular food delivery service Gopuff and the ice cream brand Serendipity, where she serves as co-owner.
Endorsement Deals
Puma ($30 Million)
In September 2017, Selena signed a two-year deal with sportswear brand Puma worth $30 million. This collaboration saw her become the face of the brand’s women’s collections, promoting lines such as the Phenom sneaker. Puma cited her authenticity, creativity, and strength as key reasons for the partnership.
Coach ($10 Million)
In December 2016, Selena signed a $10 million endorsement deal with luxury fashion brand Coach. As part of this deal, she not only became the face of the brand but also designed her own line of handbags and accessories. This partnership allowed Coach to broaden its appeal to younger consumers, leveraging her influence as one of the most-followed people on Instagram.
Stuart Vevers, Coach’s creative director, described the collaboration as part of the brand’s evolution. In an interview with British Vogue, he noted, “When I first joined, I used our history as a touchstone… but it was important to be bold and look forward, exploring what the next generation wants from luxury and fashion.”
As Coach celebrated its 75th anniversary, it aimed to refresh its image by aligning with young stars such as Michael B. Jordan, Diplo, and Zoë Kravitz. Signing Gomez was a key step in this strategy to broaden its customer base and stay relevant to both older and younger audiences.
Social Media Earnings
Selena is one of the most influential social media stars in the world. With 424 million Instagram followers and over 58.3 million TikTok followers, her posts can reach massive audiences.
She has been known to earn between $500,000 and $800,000 per sponsored Instagram post, with some reports estimating that certain posts could be worth up to $3.5 million.
Her YouTube channel also boasts over 34.8 million subscribers and has generated billions of views, contributing to her annual earnings of $10-15 million from social media alone.
Social Media
Instagram: https://www.instagram.com/selenagomez/
Facebook: https://www.facebook.com/Selena/
Twitter: https://twitter.com/selenagomez
Tiktok: https://www.tiktok.com/@selenagomez
Real Estate
Selena has made several notable real estate purchases over the years. In 2020, she purchased a $4.9 million mansion in Encino, California, which was previously owned by Tom Petty.
She has also owned homes in Calabasas, Fort Worth, Texas, and Studio City, California. Notably, she sold her Tarzana, California home in 2014 for $3.45 million after purchasing it from actor Jonah Hill.
Selena Gomez Philanthropy & Advocacy
Gomez is deeply committed to philanthropy. She has been a UNICEF Goodwill Ambassador since 2009, traveling to countries like Ghana and Chile to raise awareness about children’s rights. Through her brand Rare Beauty, she advocates for mental health awareness and donates 1% of sales to the Rare Impact Fund.
She has also worked closely with charities like DoSomething.org, RAISE Hope for Congo, and the Ryan Seacrest Foundation. Selena frequently makes appearances at children’s hospitals and is known for using her platform to advocate for causes like mental health and education.
Selena Gomez Personal Life
Relationship
In 2008, Selena Gomez briefly dated Nick Jonas, capturing media attention as both were rising Disney stars.
However, her most publicized relationship was with fellow pop icon Justin Bieber, which was marked by its on-again, off-again nature. The couple dated seriously from December 2010 to November 2012, but after their initial split, they reunited multiple times between 2013 and 2017. The emotional strain of their relationship reportedly led her to seek treatment at a rehabilitation facility. By March 2018, the two had broken up for good.
In early 2017, Selena began dating The Weeknd (real name Abel Tesfaye). Their relationship lasted until October 2017. The Weeknd’s 2018 album My Dear Melancholy is said to contain several references to their time together. In December 2023, Selena confirmed she was dating music producer Benny Blanco.
Besides, she has often spoken of her close friendship with Taylor Swift, whom she calls her only friend in the industry.
Health Problems
In 2014, Selena was diagnosed with lupus, an autoimmune disease. She underwent a kidney transplant in 2017, with the kidney donated by her close friend, actress Francia Raisa.
She has also been candid about her mental health struggles, revealing in 2020 that she was diagnosed with bipolar disorder. Her openness about her health challenges has made her a vocal advocate for mental health awareness, inspiring millions of fans around the world to prioritize their own well-being.
FAQs About Selena Gomez
What are some of Selena Gomez’s notable acting roles?
She is known for her role as Alex Russo in Wizards of Waverly Place and her recent work in Only Murders in the Building.
What business ventures has Selena Gomez been involved in?
One of her most successful ventures is her beauty brand, Rare Beauty, which has gained immense popularity since its launch.
How has Selena Gomez used her social media presence to generate income?
She has leveraged her massive social media following to secure brand partnerships and collaborations, making it a significant income source.
What charitable causes does Selena Gomez support?
She is a strong advocate for mental health and has been involved in numerous charitable efforts, particularly around raising awareness and providing support for mental health issues.
What are some of Selena Gomez’s endorsement deals?
She has signed major endorsement deals with Puma and Coach, contributing millions to her overall wealth.
Conclusion
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