In 2024, Selena’s net worth is around $800 Million. In this article, we will learn about Selena Gomez’s Net Worth: Journey From Chart-Topping Hits to Beauty Empire Success.
Selena Gomez is a well-known American singer, actress, producer, and businesswoman. She started her career in the entertainment industry as a child actress on the show Barney & Friends. Her big break came with her role as Alex Russo on the Disney Channel’s Wizards of Waverly Place, which made her a teen idol. In 2008, she signed with Hollywood Records and formed the pop rock band Selena Gomez & the Scene where she was the lead vocalist. The band released three studio albums, all of which were certified gold or higher by the RIAA.
How Much is Selena Gomez Net Worth?
Selena’s net worth in 2024 is $800 Million. Selena Gomez is a multi-talented American celebrity who has made a name for herself as a singer, actress, producer, songwriter, and social media sensation. Notably, her most significant source of wealth is her successful makeup brand, Rare Beauty, which is discussed in more detail in the following section of this article.
Selena Gomez, a former child actress who starred in Barney & Friends, has become one of the most popular celebrities in the world. Despite her association with Disney, she has managed to avoid the drama and controversy that has plagued some of her fellow stars. Unlike Lindsay Lohan, Amanda Bynes, Britney Spears, and Demi Lovato, Ms. Gomez has maintained a level head and has successfully navigated the challenges of fame and a high-profile relationship with Justin Bieber.
Selena is not only a talented actress and singer but also a successful entrepreneur and investor. In 2020, she became a co-owner of the ice cream brand Serendipity. Selena is also a co-founder of a mental health startup called Wondermind, which recently raised $5 million in August 2022. The venture was led by Serena Ventures, along with Lightspeed Venture Partners and Sequoia Capital. Wondermind aims to promote mental fitness and offers various resources, including social media channels, web content, a newsletter, and a podcast.
Selena Gomez is the founder of Rare Beauty, a makeup company that was launched in September 2020 with an exclusive drop at Sephora. The company has been very successful and generated over $100 million in revenue in 2022. It is expected to generate $300 million or more in 2023, making Rare Beauty worth at least $1.2 billion today according to a conservative 4x revenue multiple.
Selena Gomez Worth
At 16 years old, Selena was signed to Hollywood Records, which was the same record label that had already signed Miley Cyrus and Demi Lovato. Throughout her career, she has released three studio albums, two EPPs, and one compilation album. Additionally, she was the lead singer for the band Selena Gomez and the Scene, which released three studio albums and one remix album. Selena has performed on two solo tours and three tours with her former band.
Selena Gomez signed a lucrative two-year endorsement deal worth $30 million with the shoe company Puma in September 2017. Alongside Rihanna, she became the new face of Puma. Additionally, Selena holds the title of Executive Producer for two Netflix series, 13 Reasons Why and Living Undocumented.
Selena Gomez Contract
Puma Contract
In September 2017, Selena became the face of Puma, an activewear company, in a two-year deal worth $30 million. She announced the partnership through an Instagram post, where she can be seen wearing Puma gear, and included the caption “Officially a part of the fam @puma #pumapartner.”
Singer and actress, Selena Gomez, expressed her excitement about her upcoming collaboration with sportswear brand, Puma, in a recent press release. According to the press release, Gomez stated that Puma has revolutionized the combination of athletic wear and fashion, and she is thrilled to be a part of it. She expressed her hope of creating something unique and special through the collaboration and revealed that they already have some exciting projects in progress.
PUMA’s Global Director for Brand and Marketing, Adam Petrick, praised Selena Gomez as an authentic, creative, talented, and fearless role model that represents everything that modern female consumers look for.
He admires her strength and openness about living with Lupus, which is a great example of confidence, poise, and determination. Selena’s partnership with PUMA is perfect because she is not afraid of challenges and fights hard to overcome them, which aligns with PUMA’s values. She will not only represent the brand but also help to enhance their women’s business.
Coach Contract
Selena Gomez signed a $10 million endorsement deal with the bag maker, Coach in December 2016. This deal not only made her the new face of the brand but also allowed her to create her line for Coach. The brand intended to attract younger customers with the help of the then-most-followed person on Instagram while maintaining its mature customer base. At the time of the deal, Selena was 24 years old.
Stuart Vevers, who is the creative director of Coach, has stated that the brand is focusing on a new era. In an interview with British Vogue, Vevers explained that when he first joined the company, he used its history as a reference point to uncover what would be suitable for Coach. He also emphasized the importance of being courageous and forward-thinking. He believes it’s essential to explore what the future generation desires from luxury and fashion.
Coach, a 75-year-old brand, is trying to reach out to a younger audience. The brand is known as a “heritage” brand for older people. In order to attract a younger generation of customers, Coach has been making a concerted effort to incorporate young stars such as Michael B. Jordan, Diplo, and Zoë Kravitz. These stars recently appeared at Coach’s 75th-anniversary celebration. The addition of Selena Gomez as a spokesperson is another step in Coach’s effort to appeal to a younger demographic.
Selena Gomez Earnings
Selena is a popular personality on Instagram with over 420 million followers. She is highly sought after by brands for sponsored posts, with a single post from her estimated to be worth $3.5 million to the paying brand. Selena earns between $10-15 million per year through her various endeavors, such as her collaborations with Coach, Puma, and Instagram. Despite her impressive earnings, she is not among the top 100 highest-paid celebrities in the world, which could suggest her preference for a low-key lifestyle.
Selena Gomez Wealth
Selena bought a spacious one-story home in Tarzana, California for $2.175 million in July 2011, which was previously owned by actor Jonah Hill. The house sits on a one-acre plot and features five bedrooms, five bathrooms, a large eat-in kitchen, an office space, high ceilings, and hardwood floors. It is also equipped with a spa, pool, tennis court, and bocce ball court in the backyard. Selena listed the property for sale in May 2014 for $3.495 million and eventually sold it for $3.45 million in October of the same year.
A large house on 3.15 acres in a Calabasas gated community was purchased by someone in 2014 for $3.69 million. The house was later put up for sale for $4.495 million but was eventually sold at a small loss. The buyer of the house was rapper French Montana who listed the property for sale at $6.6 million in February 2020. A video tour of the house is available.
A person bought a large home in Fort Worth, Texas in 2015 for an undisclosed amount. They listed the property for $3.499 million in 2016 and 2017, then relisted it in 2018 for $2.999 million. The property was eventually sold in October 2020 for $2.4 million. In 2017, the same person bought a relatively modest home in Studio City, California for $2.249 million. They listed it for sale a year later for $2.799 million and it eventually sold for $2.3 million.
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