Selena Gomez is an American singer. From her humble beginnings on “Barney & Friends” to becoming a global sensation, Selena Gomez’s journey in the entertainment industry is nothing short of remarkable. Selena’s innate talent and charisma quickly set her apart, paving the way for a career that would span acting, singing, producing, and even venturing into the business world. Over the years, she has seamlessly transitioned between her roles, leaving an indelible mark each time.
Selena’s versatility is evident whether it’s her soulful melodies, her compelling on-screen performances, her entrepreneurial spirit with ventures like “Rare Beauty,” or her role as a producer. This multi-faceted approach has garnered millions of fans worldwide and established her as a force to be reckoned with in the entertainment and business worlds. In this article, we explore the net worth of Selena Gomez.
What is the net worth of Selena Gomez?
As of my last knowledge update in September 2023, Selena Gomez’s net worth was estimated at around $100 million. However, it’s important to note that her net worth is dynamic and is likely to have changed since then.
|Selena Gomez Net Worth 2023||$100 million|
|Selena Gomez Net Worth 2022||$90 million|
|Selena Gomez Net Worth 2021||$80 million|
|Selena Gomez Net Worth 2020||$70 million|
Selena Gomez Biography
Selena Gomez’s initiation into the world of entertainment began at the tender age of seven when she graced the screen as one of the children on the beloved show “Barney & Friends.” While the earnings from this early stint were modest, with reports suggesting she made around $3,000 per episode, it was a stepping stone that introduced her to the world of showbiz.
Her undeniable talent soon caught the attention of Disney scouts. This led to guest appearances on popular shows like “The Suite Life of Zack & Cody” and “Hannah Montana.” However, her role as Alex Russo in “Wizards of Waverly Place” catapulted her to stardom. As the mischievous yet lovable wizard-in-training, Selena became a household name. Financially, this period marked a significant uptick in her earnings. For her role in “Wizards of Waverly Place,” she reportedly earned a commendable $30,000 per episode. With the show running for 106 episodes, she raked in over $3 million from this series, setting the stage for the multi-million dollar empire she would build.
Selena Gomez Quick Facts Table
|Date of Birth||22 July 1992|
|Place of birth||Grand Prairie, Texas, United States|
|Siblings||Gracie Elliot Teefey, Victoria Gomez|
Selena Gomez Real Estate Investments
Real estate has long been a favoured investment avenue for celebrities, and Selena Gomez is no exception. Her investment in properties reflects her exquisite taste and astuteness as an investor.
Encino Property: One of Selena’s most talked-about real estate acquisitions is her Encino property. Originally custom-built by the legendary singer Tom Petty in the 1980s, this property boasts a rich history. Selena purchased the 11,500-square-foot home in 2020. The mansion is a testament to luxury, featuring an in-home recording studio, a dedicated massage room and gym, a wine cellar, and a sprawling pool. The property is valued at $4.9 million, given its features and historical significance.
Other Homes: Selena’s real estate portfolio extends beyond the Encino mansion. Over the years, she has bought and sold several homes across the United States. She has invested in Fort Worth, Texas, where she owned a stunning estate. Additionally, she has had properties in various Californian cities, reflecting her evolving style and preferences. While the exact number of properties and their current values remain private, it’s evident that real estate has been a significant contributor to her net worth.
Selena Gomez Acting Ventures
While Selena Gomez’s music career has been a significant aspect of her fame, her acting ventures have equally contributed to her status as a global superstar. One of her most recent and notable roles is in the Emmy Award-winning series “Only Murders in the Building.” Selena showcased her mature acting skills, portraying Mabel, captivating audiences alongside seasoned actors like Steve Martin and Martin Short. Financially, this role has been lucrative for Selena. While exact figures are not always disclosed, it’s estimated that she could be earning upwards of $600,000 per episode, given the industry standards and the show’s success. With 20 episodes aired, this role alone added at least $12 million to her earnings.
Beyond this series, Selena’s filmography is diverse. She has taken on roles in films like “Another Cinderella Story,” “Spring Breakers,” and “Ramona and Beezus.” Each of these films not only showcased her versatility as an actress but also contributed to her financial growth. For instance, her role in “Spring Breakers” was a departure from her Disney image, and the film’s box office success likely translated to a handsome paycheck for the star.
Selena Gomez Entrepreneurial Endeavors
Selena Gomez is not just a performer; she’s a business mogul. Her entrepreneurial spirit has led her to venture into various industries, leaving a mark of excellence and innovation each time.
Rare Beauty: One of Selena’s most significant entrepreneurial ventures is her cosmetics brand, “Rare Beauty.” Launched in September 2020, Rare Beauty emphasises self-expression and redefining beauty standards. Financially, the brand has been a massive success. Within its first year, Rare Beauty reportedly generated $60 million in revenue. One of its standout products, the Soft Pinch Liquid Blush, earned over $70 million in 2022. As of 2023, Rare Beauty is the third most successful celebrity beauty brand, following powerhouses like Rihanna’s Fenty and Kylie Cosmetics. Beyond its financial success, Rare Beauty has made a societal impact by donating 1% of all sales to the Rare Impact fund to support mental health initiatives.
Wondermind: In 2022, Selena launched “Wondermind,” a mental health wellness platform. This venture underscores her commitment to mental health advocacy, a cause close to her heart. Financially, Wondermind has seen significant investment and growth. Serena Williams’ venture capital firm, Serena Ventures, invested $5 million, catapulting Wondermind’s valuation to $100 million in 2021. This platform not only adds to Selena’s net worth but also positions her as a leader in mental health advocacy.
July Moon Productions: Selena’s foray into the world of production began with the establishment of her production company, “July Moon Productions,” in 2008. Under its banner, she has executive produced various projects, including the critically acclaimed “13 Reasons Why” and her series “Only Murders in the Building.” Additionally, July Moon Productions is behind “Selena + Chef,” a unique show where Selena collaborates with celebrity chefs.
How much did Selena earn from her Disney shows?
Though the precise earnings Selena garnered from her early Disney ventures, such as “The Suite Life of Zack & Cody” and “Hannah Montana,” remain undisclosed to the public, her significant breakthrough in “Wizards of Waverly Place” purportedly brought in approximately $30,000 per episode. With the series spanning 106 episodes, this role alone is estimated to have contributed over $3 million to her earnings.
What are the major sources of Selena Gomez’s net worth?
Selena’s total wealth is the result of her income derived from her work in acting, sales of her music and tours, her successful beauty brand “Rare Beauty,” endorsements on social media, collaborations with brands, and her investments in real estate.