Selena Gomez, an American actress, singer, and entrepreneur, has recently achieved billionaire status, as reported by Bloomberg, which estimates her net worth to be $1.3 billion.
The 32-year-old’s income primarily stems from her involvement in singing, business partnerships, and acting. However, the majority of her money is attributed to her ownership of Rare Beauty, a makeup company she founded five years ago.
Her brand’s exceptional achievements have positioned her as one of the youngest self-made individuals who have amassed significant wealth, as recognized by the Bloomberg Billionaire Index, alongside renowned figures like as Taylor Swift and Rihanna.
What is Selena Gomez’s net worth and salary?
Selena Gomez is a multi-talented American artist who excels in singing, acting, producing, and songwriting and has achieved immense popularity on social media. Her net worth is an impressive $1 billion, as per reports of Celebrity Net Worth.
The subsequent section of this article provides a comprehensive account of how Selena Gomez’s considerable net worth is primarily attributed to the remarkable success of her makeup firm, Rare Beauty.
Selena Gomez began her professional journey as a juvenile performer in television programs such as “Barney & Friends” and has subsequently ascended to become one of the most prominent celebrities globally. Selena Gomez has successfully maintained a somewhat drama-free image in contrast to some of her fellow Disney starlets.
In contrast to Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Ms. Gomez has demonstrated an unexpected level of composure in dealing with celebrity, a demanding schedule, a well-known relationship with Justin Bieber, and her association with Disney.
The performer commenced their professional acting career at the tender age of seven on the television show “Barney & Friends“. Subsequently, they secured a recurring part on Seasons 2 and 3 of the popular Disney Channel series “Hannah Montana“.
In 2007, she was selected to play a prominent role in the well-watched television show “Wizards of Waverly Place.”
Subsequently, she proceeded to feature in notable films such as “Another Cinderella Story,” “Princess Protection Program,” and “Ramona and Beezus.” Currently, she is a highly desirable actress and spokesperson.
Selena commenced her role in the Hulu series “Only Murders in the Building” in 2021, co-starring with Steve Martin and Martin Short.
In addition, she initiated a prosperous music profession and has published three studio albums as a member of Selena Gomez & The Scene. Each of the three albums has attained Gold status.
Selena Gomez is widely recognized as a prominent influencer on social media platforms, making her one of the most financially successful endorsers globally.
Currently, she has over 58 million followers on TikTok and over 420 million followers on Instagram, making her the first woman to surpass the 400 million milestone on the network.
The number of subscribers to her YouTube channel exceeds 33 million, and the total number of views it has received is close to 13 billion.
In addition to her work as a music artist, performer, and actress, she also serves as a UNICEF Goodwill Ambassador during her free time. Gomez acquired ownership and made investments in the ice cream business Serendipity.
In September, she introduced the cosmetics brand Rare Beauty. In addition, she played a key role in establishing the mental health platform “Wondermind” and holds an investment position in the food delivery firm Gopuff.
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Selena Gomez’s Investments
Selena Gomez has recently joined the ranks of billionaires, with her net worth estimated at approximately $1.3 billion as of September 6, 2024.
This milestone is largely attributed to her successful beauty brand, Rare Beauty, which she launched in February 2020. Over 80% of her wealth is derived from her majority stake in this cosmetics line, valued at around $2 billion.
Key Investments and Ventures
Rare Beauty: Gomez holds a 51% stake in Rare Beauty, contributing about $1.1 billion to her net worth. The brand has gained significant traction among influencers and younger consumers, generating revenues projected between $300 million and $350 million for 2023.
Wondermind: She co-founded this mental health startup, which has raised $5 million and is valued at $100 million. This venture reflects her commitment to mental health awareness and support.
Social Media Influence: With over 424 million followers on Instagram, Gomez is the third most-followed person on the platform. This significant social media presence not only enhances her brand visibility but also allows her to command high fees for endorsements, estimated at around $2.5 million per post.
Gomez’s multifaceted approach to business, combining her entertainment career with entrepreneurial ventures, has positioned her as one of the youngest self-made billionaires in the United States, alongside other notable figures like Taylor Swift.
Selena Gomez’s Assets, Cars, Houses
Real Estate
- In 2020, Selena purchased a mansion in Encino, California that once belonged to Tom Petty for nearly $4.9 million. The 11,483 sq ft property features 6 bedrooms, 10 bathrooms, hidden passageways, a media room, a yoga studio, a performance space, and a pool.
- In 2015, she listed her Calabasas home for $4.49 million. The 3,188 sq ft property had a recording studio, pool, spa, gym, movie theater, and outdoor kitchen.
- She also owned a 10,000 sq ft mansion in Montserrat, Texas which she purchased for $4.9 million in 2015.
Endorsement Deals
- Selena signed a two-year deal with PUMA in 2017 worth $30 million.
- She had a $10 million endorsement deal with Coach in 2016.
- Selena was paid $3 million for appearing in Pantene advertisements.
Other Assets
- Selena owns a BMW X5 luxury SUV which starts at $119,697.
- She also has a Mercedes-Maybach which has a base price of $312,258.
- Selena owns a blue Vespa Buddy 125 scooter which costs around $2,800.
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