Selena Gomez is not just a household name; she’s a powerhouse of talent and an icon whose star continues to rise. While her artistic abilities in music, acting, and entrepreneurship have earned her immense fame, they have also translated into a substantial net worth, As of 2023, Selena Gomez net worth stands at a staggering $800 million.
In this article, we’ll delve into Selena Gomez’s net worth in 2023, exploring how her diverse career ventures have contributed to her financial success.
The Diverse Talents of Selena Gomez
Selena Gomez’s journey to stardom began at a remarkably young age. She made her debut on the children’s show “Barney & Friends” when she was just 7 years old. Despite her tender age, her talent was undeniable, and her earnings from the show set her on the path to financial success.
She transitioned to more prominent roles on Disney Channel on Wizards of Waverly Place which catapulted her to stardom. She earned an impressive $30,000 per episode for her portrayal of Alex Russo. With the series running for almost five years and producing 106 episodes, Selena’s earnings from this role alone totaled approximately $3.18 million.
Beyond television, Selena ventured into the world of movies, starring in films like “Another Cinderella Story,” “Spring Breakers,” and Ramona and Beezus with Joey King. While specific earnings from these roles remain undisclosed, it’s safe to assume they contributed significantly to her growing wealth.
Selena Gomez’s Musical Triumph
Selena’s transition into the music industry was equally successful. Since 2013, she has released three solo studio albums (“Stars Dance,” “Revival,” and “Rare”), a Spanish EP called “Revelación,” and a compilation album. By 2016, her music sales alone had already brought her an estimated net worth of $15 million. She had sold 24.3 million songs and 3.4 million albums by 2017, according to Billboard. Her recent songs like Single Soon, Calm Down, and Lose You to Love Me, also gained immense popularity.
Selena’s concert tours were also incredibly lucrative. Her “Stars Dance” tour between 2013 and 2014 reportedly earned her $35.3 million, and her “Revival” tour in 2016 brought in $35.6 million. She also toured with her former band, Selena Gomez and the Scene, further boosting her earnings.
Rare Beauty: A Beauty Empire
Rare Beauty, Selena’s line of vegan and cruelty-free makeup products, launched in September 2020. Within its first year, the brand generated a staggering $60 million in revenue. One of its standout products, the Soft Pinch Liquid Blush, earned over $70 million in 2022 alone. Rare Beauty quickly became the third most successful celebrity beauty brand, following in the footsteps of Rihanna’s Fenty and Kylie Cosmetics.
The success of Rare Beauty is not only a testament to Selena’s entrepreneurial acumen but also a significant contributor to her net worth in 2023.
Selena Gomez Net Worth: Acting and Production Ventures
Selena’s talents extend beyond acting and music. She launched her production company, July Moon Productions, in 2008 and has since been credited as an executive producer on 11 projects, including hits like “13 Reasons Why” and “Only Murders In The Building.” While her earnings from these ventures are not publicly disclosed, her involvement as an executive producer ensures she receives her fair share of profits.
Her role as Mabel in the Emmy Award-winning series “Only Murders in the Building” further adds to her wealth. While her exact earnings from the show remain undisclosed, her co-stars reportedly earned $600,000 per episode, indicating the substantial income she likely derives from her involvement.
Selena Gomez Net Worth: Influence and Brand Partnerships
Selena’s massive influence is not confined to the entertainment industry. With a staggering 427 million Instagram followers, she is one of the most followed people on the platform. Her influence translates into substantial earnings from sponsored content, where she reportedly earns around $1.735 million for each post, according to the 2022 Instagram Rich List.
Brand partnerships have also played a significant role in boosting Selena Gomez net worth. Coach paid Selena $10 million in 2016 for a partnership that allowed her to create her own Coach line. Puma paid her a whopping $30 million in 2017 for a two-year deal that made her the face of the brand. She also holds lucrative deals with Pantene and Coca-Cola.
Selena Gomez Net Worth: Real Estate Investments
Selena’s investments in real estate have also contributed to her wealth. In 2020, she purchased an impressive property in Encino, originally custom-built by legendary singer Tom Petty. This 11,500-square-foot home boasts features like an in-home recording studio, a massage room, a gym, a wine cellar, and a large pool. Selena has also bought and sold several other homes across the country, indicating her shrewd real estate investments.
Selena Gomez Net Worth 2023
Her $800 million net worth, a testament to her relentless pursuit of excellence in various fields. The success of Rare Beauty, coupled with her thriving music career, acting roles, and entrepreneurial ventures, has propelled her into the realm of financial triumph. With her ongoing ventures and her continued influence in the entertainment industry, there’s no doubt that Selena’s star will keep rising.
In conclusion, Selena Gomez’s net worth in 2023 reflects not only her immense talent but also her ability to diversify and excel in multiple domains. She has become a true icon, not just in the world of entertainment, but also in the world of business and entrepreneurship.