Selena Gomez is a world-famous singer, actress, producer, and a successful businesswoman. She embarked on her acting career as a child star with her role on Barney & Friends back in 2002. Throughout the 2010s, she built an incredible music career for herself.

Fast forward to 2024, Selena Gomez’s net worth is estimated at $1.3 billion.

Gomez is best known for her acting career, but most of her fortune these days comes from her makeup brand Rare Beauty. This venture, alongside other companies and investments, not to mention her career in the entertainment industry, made her one of the world’s youngest billionaires worldwide, putting her in the ranks of Jay-Z, her best friend Taylor Swift, Rihanna, and the late Jimmy Buffet.

Now without any further ado, let’s see how Selena made her incredible fortune.

How Much is Selena Gomez Worth in 2024?

  • Net Worth (2024): Selena Gomez is officially reported to be worth $1.3 billion, joining the ranks of other musician billionaires such as Rihanna, Jay-Z, and Taylor Swift.
  • Major Source of Wealth: 81% of her wealth stems from Rare Beauty, the makeup company she founded in 2019. The brand’s immense success, particularly with viral products, has contributed massively to her financial standing.
  • Other Ventures: In addition to Rare Beauty, Selena’s work in music, acting, and production adds to her fortune. She continues to produce and star in shows like Only Murders in the Building, reportedly earning $6 million per season.
  • Endorsements: Her long-standing endorsement deals with Puma and Coach bring in millions annually. She is also one of Instagram’s top earners, reportedly making $500,000 to $800,000 per post, and earning up to $3.5 million for a single Instagram post.
  • Business Ventures: Gomez’s Rare Beauty is valued at approximately $2 billion as of 2024, with sales skyrocketing over recent years, including $400 million in sales from May 2023 to 2024.
  • Other Assets: Selena has owned numerous properties over the years, including a $5 million mansion in Los Angeles, contributing further to her impressive net worth.

Selena Gomez’s Net Worth Breakdown

Over the years, Gomez’s fortune has grown steadily thanks to her successful acting and music careers. However, once she started dabbling in entrepreneurship and other ventures, she managed to create quite an impressive net worth for herself – and even became one of the youngest billionaire artists worldwide.

These days, there are diverse income streams contributing to Selena Gomez’s net worth. Her record sales, social media popularity, business earnings, endorsements, and music tours contributed to her reaching billionaire status, and you can find a detailed breakdown of her main assets and sources of income below.

Asset or Income Source  Contribution to Net Worth
Wizards of Waverly Place earnings $25,000-$30,000 per episode
Revival tour $30 million in ticket sales
Total concert tour earnings Over $62 million
Spotify streams $30 million
Album sales earnings Unknown
Endorsement deals $89 million
Sponsored Instagram post $1.7 million
Wondermind stake and earnings $33.8 million
Rare Beauty stake Ever $1 billion
Real estate $5 million
Total Net Worth $1.3 billion

5 Fun Facts about Selena Gomez

  1. Youngest UNICEF Ambassador: At age 17, Selena Gomez was named the youngest UNICEF ambassador in history, a role she still values.
  2. Guinness World Records Holder: She holds 16 Guinness World Records, including the most followers for an actress on Instagram and Spotify.
  3. Collector of Vintage Items: Selena is known for her love of collecting vinyl records and vintage cameras.
  4. Passionate Cook: Her love for cooking led to her popular cooking show on HBO Max, Selena + Chef, where she connects with celebrity chefs virtually.
  5. Snoop Dogg Collaboration: She recently collaborated with Snoop Dogg on a track, surprising fans with her versatility in music genres.

Latest News and Controversies

Selena Gomez has recently been in the headlines after a statement where she opened up about her inability to have children naturally due to her ongoing health challenges, including lupus and kidney transplant complications.

Her heartfelt revelations were met with immense support from her fanbase.

Additionally, Gomez’s hit Hulu series Only Murders in the Building continues to receive critical acclaim, and she recently confirmed that a fourth season is in development. On the business side, Rare Beauty announced new product lines that are expected to boost sales significantly, further elevating Gomez’s wealth and impact in the beauty industry.

She also made headlines for her rumored relationship with music producer Benny Blanco, which sparked fan discussions and media coverage after public appearances together. Though Selena has largely kept her personal life private, these rumors have generated significant buzz online.

Lastly, Gomez’s mental health advocacy continues, as she announced new initiatives through her Wondermind platform, which focuses on promoting mental health education and resources.

Early Life and Education

Selena Marie Gomez was born in Grand Prairie, Texas on July 22, 1992. Her parents are Ricardo Joel Gomez, of Mexican descent, and Mandy Teefey, of Italian descent. Selena’s mother is a former stage actress who gave birth to her at only 16 years old. The family struggled financially throughout Selena’s childhood, and their divorce hit her hard.

“My mother was really strong around me. Having me at 16 had to have been a big responsibility. She gave up everything for me, had three jobs, supported me, sacrificed her life for me.” – said Gomez.

When Selena was five years old in 1997, he parents divorced and she remained to live with her mother. Both parents remarried years later and had more children, so Selena Gomez has three step-siblings: Victoria and Marcus on her father’s side, and Gracie Elliot on her father’s side. Reportedly, Selena is close to both families and her siblings.

Selena Gomez with her mom
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As a child, Selena Gomez was raised catholic and, when asked about her heritage, she shared:

“My family does have quinceañeras, and we go to the communion church. We do everything that’s Catholic, but we don’t really have anything traditional except go to the park and have barbecues on Sundays after church.”

Gomez was homeschooled, which is how she obtained her high school diploma in 2010. She had a very close relationship with her grandparents, who often took care of her since her parents were too young and had to finish their schooling.

Relationships and Personal Life

Gomez revealed that she had been diagnosed with the autoimmune disorder lupus between 2012 and 2017. In 2017, she shared on Instagram that she had withdrawn from events for months because she received a kidney transplant, which resulted in complications and prolonged hospital stay.

Selena Gomez in the hospital
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Over the years, the famous artist has been struggling with anxiety and depression as well, especially in her early twenties, when she had to spend some time in treatment facilities. In April 2020, Gomez revealed that she was diagnosed with bipolar disorder.

“My lupus, my kidney transplant, chemotherapy, having a mental illness, going through very public heartbreaks—these were all things that honestly should have taken me down,” Gomez told Elle.

Most recently, in September 2024, Gomez shared that she cannot have children naturally due to her numerous health issues.

As for her romantic life, Selena Gomez dated singer Nick Jonas in 2008 and appeared in the music video for “Burnin’ Up”, his band’s song. Between 2010 and 2018, she was in a relationship with singer Justin Bieber, but theirs was an on-again, off-again relationship. In 2015, she dated DJ Zedd for a short period of time and recorded “I Want You to Know” with him.

After her very public relationship with Bieber ended, Selena Gomez had a serious relationship with singer The Weeknd, and temporarily lived with him before their breakup in October 2017.

Since December 2023, Gomez has been in a relationship with record producer Benny Blanco.

Selena Gomez Net Worth: How a Child Star Made a Billion Dollars

Gomez first decided she wanted to pursue acting inspired by her mother. As a child, she watched her mother prepare for her stage productions so, in 2002, she took her first role in a children’s television series. Let’s see how this led her to billionaire status.

Selena Gomez’s Acting Career

In 2002, Selena Gomez had her acting debut in the series Barney & Friends, where she starred as Gianna. She appeared in a total of 13 episodes of the show between 2002 and 2004. At this point, the producers decided to release her since she was then ‘too old’ for the children’s series. She was only 10 years old when she started acting on the show.

However, this wasn’t the only acting role she had as a child actress. Gomez had several smaller roles in films while working on Barney & Friends, including:

  • Spy Kids 3-D: Game Over (2003)
  • Walker, Texas Ranger: Trial by Fire (2005)
  • The Suite Life of Zack & Cody (2006)

Selena Gomez’s Breakthrough Roles

Now that she had established herself on the acting scene, Selena Gomez started getting some pretty good roles. She was given a recurring role on Hannah Montana, the Disney Channel series, where she portrayed pop star Mikayla and starred opposite Miley Cyrus.

Selena Gomez and Miley Cyrus
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While she played Mikayla for Hannah Montana, Gomez took on some other roles, too, including the pilot episodes for What’s Stevie Thinking? (spin-off for Lizzie McGuire) and or Arwin (spin-off for Suite Life).

When Selena landed the lead role of Alex Russo in the series Wizards of Waverly Place, she and her mother moved to Los Angeles. This series became a major success for the Disney Channel, confirming Selena Gomez’s status as a teen idol.

Based on her incredible rise to fame in only a few years, Selena Gomez became one of the ten highest-paid children’s TV stars of all time. She reportedly earned between $25,000 and $30,000 per episode for Wizards of Waverly Place.

In 2008, while she was working on the show’s second season, Gomez voiced Helga in Horton Hears a Who!, as well as took on a role in the teen musical comedy film Another Cinderella Story. For the latter, she won the Young Artist Award.

Selena Gomez acting
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Based on her success, at age 16, Selena Gomez signed with Hollywood Records. This was also the year when she formed July Moon Production, her own production company.

Becoming Grand on the TV Screens

Now that she was a major star on the TV screens, Gomez was showered with roles in movies. Let’s see what other roles she has taken since:

  • The Suite Life on Deck (2009)
  • Sonny with a Chance (2009) – guest appearance
  • Princess Protection Program (2009)
  • Wizards of Waverly Place: The Movie (2009)
  • Ramona and Beezus (2010)
  • Arthur 3: The War of the Two Worlds (2010)
  • Monte Carlo (2011)
  • The Muppets (2011)

In 2012, Selena Gomez decided to take a break from her singing career and focus on her acting career alone. This year, she starred in Spring Breakers, which premiered at the 69th Venice International Film Festival. The film was a major commercial success and entered BBC’s 100 Greatest Films of the 21st Century list. That same year, Gomez did a voiceover for Mavis Dracula in the animated movie Hotel Transylvania, which premiered at the Toronto International Festival.

However, not all of Gomez’s acting roles were a success. In 2013, she starred in an action thriller called Getaway, which earned her a nomination for Worst Actress at the Golden Raspberry Awards.

Selena Gomez in Getaway
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The following year, she took on two roles, one in Behaving Badly and the other in Rudderless.

In April 2014, Gomez fired her mother and stepfather as her managers. The two managed her career since she started acting for Disney. She subsequently signed with the WMA and Brillstein to manage her career.

These days, her manager is reportedly Kris Jenner.

Some other roles she has taken on since include:

  • Hotel Transylvania 2 (2015) – voice role
  • The Big Short (2015)
  • The Fundamentals of Caring (2016)
  • Neighbors 2: Sorority Rising (2016)
  • In Dubious Battle (2016)
  • Inside Amy Schumer (2016)

Selena Gomez as a Producer

In 2017, Gomez served as the executive producer for the TV series adaptation of  the novel Thirteen Reasons Why.

This show premiered in March 2017 on Netflix and led to quite a backlash from suicide prevention communities and mental health charities. They criticized the show for its graphic depiction of suicide as well as its unrealistic portrayal of mental health disorders. Nevertheless, it was still a critical success. The other three seasons were not a commercial success, but 13 Reasons Why was the most tweeted show in 2017 and the most-watched streaming series of 2018. It ended after four seasons in 2020.

In 2019, Gomez served as an executive producer for another Netflix product, the docuseries Living Undocumented.

She then hosted and executive produced the HBO Max cooking show titled Selena + Chef, featuring the famous actress joined by different chefs every episode. She won a Critics’ CHoice Real TV Award for this program.

Selena Gomez cooking show
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In 2020, Gomez executive produced two films, a romantic comedy titled “The Broken Hearts Gallery” and a teen comedy titled “This Is the Year”.

In 2023, Food Network ordered two other projects to be hosted by Selena Gomez (she was also a producer on both programs):

  • Selena + Chef: Home for the Holidays (2023)
  • Selena + Restaurant (2024)

In 2022 Gomez not only reprised the voice role in the final installment of the Hotel Transylvania franchise, but she also executive-produced it. That same year, she executive-produced the ViX+ docuseries Mi Vecino, El Cartel.

Other Movie Roles

Since her success as an executive producer and actress, Selena Gomez has taken on many projects in the film industry. These include, but are not limited to:

  • Hotel Transylvania 3: Summer Vacation (2018) – voiceover
  • The Dead Don’t Die (2019)
  • A Rainy Day in New York (2019)
  • Dolittle (2020) – voiceover
  • Only Murders in the Building (2021) – the most-watched comedy premiere in Hulu’s history
  • Dear… (2023) – appeared in the second-season finale
  • Emilia Perez (2023)

Only Murders in the Building was one of Gomez’s biggest successes on the screen. She starred with comedy legends Steve Martin and Martin Short to make a fun and quirky show that pokes fun at true crime podcasts. Only Murders in the Building won her the Satellite Award for Best Actress in a TV Series, Musical, or Comedy. Not only that, but this was also her Golden Globe-nominated performance – twice, and she was nominated thrice for a Screen Actors Guild Award. With three consecutive nominations for a Primetime Emmy Award, Gomez was officially the most-nominated Latina producer in the history of the Oustanding Comedy Series category.

Selena Gomez Only Murders in the Building
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In 2022, Gomez was the focus of a documentary film titled Selena Gomez: My Mind & Me, which was released on Apple TV+ and in select theatres. The film was nominated for Primetime Creative Arts Emmy Award and Outstanding Writing for a Nonfiction Programming award.

Selena Gomez Apple TV show
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Selena Gomez’s Music Career

When Gomez starred in Another Cinderella Story, she also had her singing debut with the three songs she contributed to the soundtrack, including “Tell Me Something I Don’t Know“. This song became the first entry she had on the Billboard Hot 100 chart.

That same year, she recorded a second song titled “Fly to Your Heart”, this time the soundtrack of Tinker Bell, the animated film.

This marked the beginning of a highly successful music career for the child actress.

From that point onward, Selena Gomez has recorded many songs for TV series and movie soundtracks, including:

  • “One and the Same” with Demi Lovato for Princess Protection Program (2009)
  • “Magic” and two other songs for Wizards of Waverly Place (2009)

Gomez Forms a Pop-Rock Band

Hoping to expand her reach to the music industry, Selena Gomez formed a pop-rock band called Selena Gomez & The Scene through her record deal with Hollywood Records. The group released their debut studio album Kiss & Tell in 2009, and it debuted at number one on the Billboard 200 album chart. The second single of the album “Naturally” became their breakthrough hit.

That same year, the band released a second studio album A Year Without Rain, which received mixed to positive reviews. The band won Favorite Breakout Artist at the People’s Choice Awards.

Finally, Gomez’s band released their third and final studio album titled When the Sun Goes Down in 2010, debuting at number four on the Billboard 200. This album brought the highest charting effort and highest performing singles of the band: “Who Says” and “Love You Like a Love Song”, respectively.

In 2012, Gomez shared that she was taking a break from music. The hiatus from her band eventually became permanent since the actress has since pursued her solo music career.

The Start of Gomez’s Solo Music Career

Despite her claims to take a break from music, Gomez rapidly changed her mind and, in April 2013, she released the lead single of her debut solo album, “Come & Get It”. The album “Stars Dance” was released in July of the same year, and it was her first album to debut at number one in the United States.

Selena Gomez album
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In August 2013, Gomez embarked on a Stars Dance Tour, performing in North America and Europe. Even though she was scheduled to visit Australia and Asia, as well, she canceled her performances, sharing that she would like to spend time with her family. However, in January 2014, the media reported that she spent some time at a rehab center in Wickenburg, Arizona.

Selena Gomez’s Music Career over the Years

In November 2014, Gomez released a new, surprise single “The Heart Wants What It Wants, which became her second top-ten hit in the US. In the same month, she released a greatest hits compilation album titled “For You”. She then officially parted ways with Hollywood Records, signing with Interscope Records in December 2014.

After Gomez signed with a new management company, she started working on her second studio album. She initially released “Good for You” featuring hit rapper ASAP Rocky as the lead single of the album. The second studio album, Revival, was released in October 2015. Some other popular songs from this RIAA-certified platinum album include:

  • “Same Old Love”
  • “Hands to Myself”
  • “Kill Em with Kindness”

After the release of her second album, Gomez started her worldwide Revival Tour in May 2016. She started working on her third album while touring and released “Feel Me” to the setlist of the tour. However, she also canceled this tour before completing it due to anxiety and depression caused by her lupus.

She reportedly made over $30 million in ticket sales from this tour alone. In total, she has reportedly earned at least $62 million from her music tours.

After her health break, Gomez returned to the media triumphantly, when she won Favorite Pop/Rock Female Artist at the 2016 American Music Awards.

https://www.youtube.com/watch?v=l_V8tya-sb4

In May 2017, Gomez released a new single “Bad Liar” available for streaming through Spotify. The following year, she released “Back to You” from the 13 Reasons Why soundtrack.

In 2018, Gomez passed Drake as Spotify’s most-streamed artist with 46 million monthly listeners.

Selena Gomez has released three studio albums to date, including Rare (2020) – including hit songs “Lose You to Love Me”, “Rare” and “Boyfriend”. In 2022, she revealed that she was working on her next album, but it hasn’t been released yet. In January 2024, she shared that she prefers acting over music, and released the standalone single “Love On” and the song “My Mind & Me”.

Selena Gomez headline
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Since the start of her career, Selena Gomez has sold 3.6 million albums.

In addition to her albums and solo hits, she has done many collaborations over the years, including:

  • “I Want You to Know” ft. DJ Zedd
  • “Bad Blood” by Taylor Swift
  • “We Don’t Talk Anymore” by Charlie Puth
  • “Trust Nobody” ft. DJ Cashmere and Tory Lanez
  • “Fetish” ft. Gucci Mane
  • “It Ain’t Me” ft DJ Kygo
  • “Taki Taki” ft. Ozuna and Cardi B
  • “Anxiety” by Julia Michaels
  • “I Can’t Get Enough” ft. Benny Blanco, J Balvin, and Tainy
  • “Past Life” ft. Trevor Daniel – remix
  • “Icecream” ft. Blackpink
  • “Let Somebody Go” ft. Coldplay
  • “Calm Down” ft. Rema

Music Earnings

Now, for the most part, Selena Gomez’s earnings from her career remain undisclosed to the public. While we do have some of the details surrounding her tour earnings, she hasn’t revealed much about her profits from album sales. However, based on the number of sales, she has easily made millions of dollars. By August 2023, she had sold 3.6 million albums.

We can, however, estimate how much she earns from music streaming based on available data. She is the most-streamed artist on Spotify. Based on her 10 most-streamed songs as of September 2024, she has over 9 billion streams on these songs alone. If artists make $0.003-$0.005 per stream on Spotify, she has earned around $30 million from streams alone.

https://twitter.com/SelGOnSpotify/status/1695361419854729463

Philanthropic Endeavors

Selena Gomez is one of the youngest billionaires in the world, and she often donates her wealth to charitable causes. For instance, in 2008, she participated in the “Runway for Life” benefit by St Jude’s Children’s Hospital, where she helped raise $1 million for the cause. That same month, UNICEF named her a spokesperson for their Trick-or-Treat campaign (she reprised this role in 2009 as well).

A year later, when she was only 17 years old, UNICEF made her one of their ambassadors. She was the youngest to get this title at the time. Her first mission as a UNICEF ambassador was in Ghana in September 2009.

“Every day 25,000 children die from preventable causes. I stand with UNICEF in the belief that we can change that number from 25,000 to zero. I know we can achieve this because every moment, UNICEF is on the ground providing children with the lifesaving assistance needed to ensure zero becomes a reality.” – Gomez shared.

In celebration of UNICEF’s 60th anniversary, Selena Gomez partnered with the Scene for a benefit concert and donated all the proceeds to the campaign. She also auctioned some of her personal items on CharityBuzz.com and participated in a charity concert in Los Angeles. Thanks to these actions, UNICEF raised $4 million.

Gomez’s work in UNICEF has been excellent. She supported “Programa Puente”, UNICEF’s “Celebrity Tap Pack” project, as well as the “Sound the Alarm” campaign. She has also organized and conducted three charity concerts to help UNICEF and has raised nearly $400,000 through the concerts alone.

In addition to her work in UNICEF, Gomez has been very active with other charities. She became the ambassador of DoSomething and was involved with the Island Dog charity, which helped dogs in Puerto Rico. In 2009, she was involved with the charity Raise Hope for Congo charity, and between 2009 and 2012, she was involved in “Disney’s Friends for Change”.

https://www.youtube.com/watch?v=_sjHD9N2ums

In addition to these projects, Selena Gomez has been involved in the following:

  • Named ambassador to the Ryan Seacrest Foundation in 2012
  • Spokesperson for State Farm Insurance
  • Joined Step Up, an organization that supports girls who want to pursue an education
  • Donated $3 million to fight Australian wildfires in 2020
  • Created the Rare Impact Fund by Rare Beauty to help people get access to mental health services in 2020 (one percent of her company’s sales go toward this fund)
  • Donated 10% of the net proceeds from her and Our Place’s collaboration cookware line to the Rare Impact Fund
  • Donated $1 from every ice cream pint sold by Serendipity Brands (a company she co-owns and invested in) to the Rare Impact Fund

Awards and Accolades

Gomez has won many prestigious awards over the years including:

  • American Music Award
  • 16 Guinness World Records
  • Billboard Music Award
  • six Latin American Music Awards
  • two MTV Video Music Awards
  • five People’s Choice Awards

Selena Gomez’s Many Businesses, Investments, and Assets

Now, even though her fame and awards mostly came from her music and acting career, most of Selena Gomez’s net worth stems from her various businesses. Her music tours reportedly account for less than 5% of her impressive net worth, while her album sales and record sales account for less than 2%.

Let’s see how the young entrepreneur Selena Gomez turned billionaire and cemented her status as a lucrative business owner.

Endorsements and Sponsorship Deals

In 2009, Selena Gomez partnered with Sears and became part of their back-to-school campaign. As part of this campaign, she was featured in the brand’s TV commercials. She also hosted the “Sears Arrive Air Band Casting Call in 2009.

Another endorsement deal she has signed over the years is with Borden Milk. She became the company’s spokesperson and starred in their TV commercials and print ads.

https://www.youtube.com/watch?v=mj5iDnXfo4k

Between 2013 and 2015, Selena Gomez was a partner and spokesperson for Neo by Adidas. In 2015, she signed a whopping $3 million endorsement deal with Pantene.

Some other partnerships and endorsement deals she has made since include:

Selena Gomez fashion line
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  • Appeared in Coca-Cola’s “Share a Coke” ads, with lyrics from two of her songs featured on the company’s packaging in 2016
  • Signed a $10 million deal with Coach in 2016. She collaborated with Coach as the face of the brand in 2017, which resulted in a limited-edition handbag collection called “Selena Grace” and a second ready-to-wear collection named “Coach X Selena Gomez”
Selena Gomez purses
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According to a cited Bloomberg report showing how she reached billionaire status, Gomez’s sponsorship and brand deals make up 6.9% of her wealth these days. That equals over $89 million.

Products and Product Lines

Over the years, Gomez has launched several fashion lines for different products. In 2010, she released her Dream Out Loud collection, consisting of floral tops, skirts, jeans, bohemian dresses, and more. Between 2010 and 2014, she worked with Kmart to release her clothing line.

Selena Gomez clothing line
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In 2011, Selena Gomez signed a license agreement with Adrenalina, an adventure-themed, extreme sports and lifestyle brand. The agreement was for her to develop and distribute her own fragrance. Her first perfume was released in 2012, while her second fragrance, Vivamore by Selena Gomez, became a reality a year later.

In addition to this, Gomez released a nail polish collection for Nicole by OPI and released a swimwear line in partnership with La’Mariette.

In 2022, Selena Gomez collaborated with Our Place on their cookware line “The Summer Collection”, with a second edition released the following year.

Selena Gomez with a pot
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Social Media

Selena Gomes is not just a pop star – she is a social media powerhouse, as well! She has been very popular on social media platforms since she decided to join them. When she canceled her tour in 2016, for instance, and rechecked into rehab, she was noticeably absent from Instagram, where she was the most followed woman at the time. She also was the first person to reach 100 million followers on Instagram.

Fast forward to February 2023, and Selena Gomez regained the status of the most-followed woman on Instagram. She reached 400 million followers and broke another record only a month later.

Selena Gomez headline about net worth
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On top of this, she has had the most-liked Instagram photo of all time.

Selena Gomez top liked instagram post
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Gomez is also very popular on Twitter and TikTok. Since 2017, she has been one of the highest-paid people on Instagram, with her being the highest-paid person on the platform that same year.

As of July, Selena Gomez earns an estimated $1.7 million per sponsored Instagram post!

Businesses and Investments

Selena Gomez’s net worth mostly stems from her business ventures. Over the years, she has invested in – and founded several highly profitable companies.

In 2020, she invested in and co-founded the ice cream brand Serendipity. That same year, in November, she co-founded the mental health services company Wondermind with her mother Mandy Teefey, and entrepreneur Daniella Pierson. The website offers mental health advice and content, including podcasts, mental health explainers, and worksheets.

Selena Gomez Wondermind
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Wondermind equity reportedly makes up 2.6% of Gomez’s net worth these days. That would equal $33.8 million based on her $1.3 billion net worth.

In December 2020, Selena Gomez invested an unknown sum in the food delivery company Gopuff.

However, while all of these investments have paid off, they aren’t Gomez’s most profitable brand. Her most profitable company is the cosmetics brand Rare Beauty, which she launched in September 2020.

Selena Gomez cosmetics
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The beauty brand aims to make people feel good about themselves by promoting mental health initiatives and inclusivity. As such, it sells vegan, cruelty-free products and uses recyclable materials.

After Rare Beauty was released on its official website, and its products became available at Sephora stores, the brand started expanding. It eventually reached the Middle East, Southeast Asia, and Europe. By the end of the year, the WWD Beauty Inc. Awards named it “Startup of the Year”.

The cosmetics brand Rare Beauty has grown at a whirlwind pace and become a known entity in itself, similar to Rihanna’s Fenty Beauty. It is now considered to be one of the top celebrity beauty companies worldwide – and the source of Gomez’s incredible wealth.

Selena Gomez cosmetics
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As of May 2024, Rare Beauty has been valued at $2 billion. According to the Bloomberg Report, roughly 81% of Selena Gomez’s net worth originates from this brand. This equals over 1 billion dollars. The publication states that Gomez owns a conservative 51% of the business.

Real Estate

In 2014, Selena Gomez sold a Tarzana mansion in Los Angeles for $3.5 million, which she bought in 2011 for $2 million. That same year, she bought a $3.69 million Calabasas property, which she sold two years later for $3.3 million.

In 2015, she bought a mansion in Fort Worth, Texas, spending $3.5 million on it, but she sold it three years later at a loss – for $2.7 million.

In 2020, Gomez purchased a $5 million mansion in Encino, Los Angeles. That same year, she sold a property she owned in Studio City, Los Angeles, making $2.3 million off it. She bought the property in 2017 for $2.24 million.

To our knowledge, she only owns the Encino mansion these days.

What Can We Learn from Selena Gomez’s Story?

Selena Gomez’s incredible story offers valuable lessons. For starters, she has successfully transitioned between multiple industries – which is not something that many people have achieved in the world.

The former child star has evolved to become a famous Hollywood actress, not to mention a major music artist. Not only that, but she skyrocketed her net worth by creating a billion-dollar beauty brand. This motivates us to diversify our income streams and not be afraid to reinvent ourselves in life.

Throughout her career, Gomez has openly battled with anxiety, depression, lupus, bipolar disorder, and other health problems.

Despite these problems, she has continuously returned to her professional commitments. Her candid discussions about mental health, and her work in this department, have also contributed to a larger conversation on the subject.

This teaches us that personal challenges don’t necessarily have to define one’s potential or worth. Gomez’s long-standing career is proof that, if you acknowledge your problems, seek help, and persevere – everything is possible.

Finally, the American singer has spent years using her personal brand for impact. She used her fame and influence to launch successful ventures and continuously uses her platform for social impact and advocacy, as well as philanthropy.