Net Worth: $800 Million
Selena Gomez’s net worth of $800 million has mostly been earned not by her music or acting career, but rather through her incredibly successful cosmetics company, Rare Beauty.
At just 31 years old, Gomez has proven herself to be a smart entrepreneur, a capable actor, and a chart-topping singer. She is also a very vocal advocate for mental health.
Gomez got her start as a child actor on the popular TV series Barney & Friends, and over the years, she has been credited for roles in various TV shows and movies, most recently on the critically acclaimed Only Murders in the Building, in which she stars alongside Steve Martin and Martin Short.
Let’s examine how Selena Gomez’s net worth has ballooned by looking at her acting, music, and business careers.
Rare Beauty Has Nearly Made Selena Gomez A Billionaire
The cosmetics industry has been huge for some of today’s biggest starts. From Rihanna to Kylie Jenner, the red-hot industry is a great way for stars with huge fan bases to connect with their audience and sell products.
With 430 million followers on Instagram, it’s no surprise Gomez has been able to quickly build a company from the ground up.
Rare Beauty was launched by Selena Gomez in September 2022 with a mission-driven focus. Gomez set up the company with two goals, to produce high-quality cosmetics and to make them easily accessible at costs ranging from $5 to around $30.
According to Pinkvilla, industry estimates have suggested that Rare Beauty could be earning upwards of $300 million per year. At that sales volume, the company could be worth around $1.2 billion.
Cosmopolitan notes that in just its first year, Rare Beauty made $60 million and that by November 2022 the company’s site traffic had grown by an impressive 70% from its inception numbers.
How Much Does Selena Gomez Make From Brand Endorsements?
PopularImages / Depositphotos.comWith a massive social following that continues to grow, Selena Gomez’s net worth has been given a huge boost thanks to her celebrity.
Before Rare Beauty skyrocketed her net worth, Gomez made $40 million from two major brands.
In 2016, Coach paid her $10 million, and then in 2017, she signed a two-year deal with Puma and was paid $30 million for her work with the company. She has also worked with Coca-Cola, Verizon, Louis Vuitton, Pantene, and the cookware brand Our Place, among other companies.
According to BrandVM, Selena Gomez commands a cost of $1.7 million per post on her Instagram account.
Selena Gomez’s Acting Career Has Earned Her Millions
arp / Depositphotos.comWe don’t know how much Selena Gomez has earned from Only Murders In The Building, but Variety reported that Gomez’s co-stars, Martin Short and Steve Martin were both making $600,000 per episode. It’s likely that Gomez, as the show’s third star, is making a similar salary per episode.
If her salary was matched to her other famous co-stars, it’s likely she’s earning around $6 million per 10-episode season. That would mean Gomez has added an estimated $12 million to her net worth over the show’s first 20 episodes.
Before she joined Only Murders In The Building, Gomez starred in the popular but short-lived TV series Wizards of Waverly Place. She was paid $30,000 per show, and the series ran for 106 episodes, so she earned an estimated $3.18 million for her time on the series. That’s actually a pretty big bump from her earliest role, where MoneyInc reported that she earned $3,000 per episode for every episode of Barney & Friends.
She has also had parts in Ramona & Beezus, Monte Carlo, and Spring Breakers, although her salary has not been disclosed for those projects.
Gomez also owns her own production company, July Moon Productions, and she is listed as a producer on 11 projects, including Only Murders in the Building.
While Selena Gomez’s net worth has certainly grown by millions of dollars from her acting career, it’s still a very small part of her quickly accumulating fortune.
How Much Has Selena Gomez Made From Singing?
Selena Gomez has proven herself to be a capable multi-faceted performer, and her music has captivated millions of fans all over the world.
While determining exact earnings from music sales is difficult, a few estimates have floated around for years.
According to MoneyNation, in 2016, the famed singer earned more than $16 million from album sales and touring. Several of her tours have also been a big success, with Seventeen reporting that she made about $20.3 million on her Stars Dance tour and then added another $35.6 million on her Revival tour.
Selena Gomez’s net worth in 2023 is impressive and we believe it will only continue to increase as she engages with her nearly half a billion Instagram followers and as she continues to gain more fans thanks to the popularity of her streaming series and album releases.
