Selena Gomez's titles include musician, actress, executive producer, cooking show host, and brand founder—so it's no wonder that her net worth is as remarkable. But how much is Selena Gomez worth, and where does she make her money?
According to Celebrity Net Worth, Selena Gomez's net worth in 2024 is expected to be $1 billion, with Bloomberg suggesting it could be closer to $1.3 billion. According to the publication, the "wealth analysis [of Selena Gomez] took into account the estimated value of her stake in Rare Beauty, her interest in Wondermind, the estimated value of her music album sales and properties, and earnings from streaming deals, brand partnerships, concert tickets and acting."
Selena's net worth has risen as a result of a variety of reasons, including brand partnerships, beauty, and apparel lines, in addition to her Instagram sponsorships and TV and movie careers. These include a $30 million collaboration with Puma, as reported by E! News, as well as brand agreements with Coach, Kmart, and others.
Selena formally began her solo music career in 2013 with the release of the track "Come & Get It." Soon later, the Disney starlet dropped her first solo album, Stars Dance, which debuted at number one on the Billboard 200 chart. Since then, Selena's musical success has only increased. Selena released Rare, her third studio album, in 2020. According to Billboard, the album sold over 117,000 sales in its first week and is her third number-one album on the Billboard 200 chart.
While Selena's record sales are sure to provide her with a hefty pay cheque, it is her touring revenue that brings in the most money. Selena's 2014 "Stars Dance Tour," for example, earned an estimated $20.3 million at the box office, while her 2016 "Revival Tour" earned $35.6 million, according Seventeen.
Selena Gomez's net worth increased significantly because to her makeup firm, Rare Beauty. She launched the company in 2019, but it has grown significantly in recent years as a result of viral items. According to The Business of Fashion, Rare generated more than $400 million in net revenues in the fiscal year ending February 2024, valuing the company at $2 billion. One viral liquid blush was incredibly viral on TikTok in 2022, generating $70 million in revenue that year.
Selena was previously the most-followed person on Instagram, as if she didn't already have enough awards, according to Insider. The singer knocked out Beyoncé and Kylie Jenner for the position, which resulted in her becoming the highest-paid star on the social media platform in 2017. According to Insider, Selena was making up to $800,000 each sponsored Instagram post at the time, a figure that has most certainly increased over the years.