Selena Gomez, the multitalented actress, singer, and businesswoman, has captured the hearts of millions worldwide. With an illustrious career spanning over two decades, Gomez has become a household name in entertainment, amassing a fortune that places her among the wealthiest celebrities in the industry. As of 2024, Selena Gomez’s net worth has been revealed, and she has officially joined the coveted billionaire’s club. This feat not only highlights her continued success but also marks a significant milestone in her career, driven by her ventures across various fields, including acting, music, and business.
In this article, we delve into how Selena Gomez achieved billionaire status, breaking down her earnings from various sources, particularly her role in the hit series “Only Murders in the Building”, and exploring her ventures in beauty, music, and endorsements.
Selena Gomez: A Star on the Rise
Selena Gomez’s journey to stardom began at a young age, as she first graced our screens on the children’s show Barney & Friends. However, her breakout role came in 2007, when she starred as Alex Russo in the popular Disney Channel series Wizards of Waverly Place. The show catapulted her to fame, opening the door to various opportunities in both the television and music industries.
Gomez’s career didn’t stop there. She went on to release several hit albums, including Stars Dance (2013), Revival (2015), and Rare (2020), establishing herself as a powerful force in pop music. She also pursued a successful film career, starring in movies like Spring Breakers and The Fundamentals of Caring. Her work in these areas has helped her build a robust foundation, both in terms of fame and financial success.
Breaking Down Selena’s Net Worth in 2024
As of 2024, Selena Gomez’s net worth is estimated to be over $1 billion. Her wealth comes from a variety of sources, with acting and music being the most significant contributors. Here’s a detailed breakdown of how she earned her impressive fortune:
1. Only Murders in the Building
One of Gomez’s most notable recent projects is her role in Hulu’s hit series Only Murders in the Building. Starring alongside comedy legends Steve Martin and Martin Short, Gomez plays the quirky and mysterious Mabel Mora, a true-crime podcast enthusiast who gets involved in solving a murder in her Upper West Side apartment building.
“Only Murders in the Building” has been a massive success, praised for its unique blend of humor, mystery, and heart. As a co-lead in the show, Selena reportedly earns $600,000 per episode. With the show already renewed for multiple seasons, her earnings from this project alone are substantial.
Considering that most streaming shows have 10 episodes per season, Gomez is earning approximately $6 million per season from her work on the show. Given the show’s continued popularity, it’s likely that this figure could increase if the series runs for additional seasons or if her contract is renegotiated.
2. Music Career
Though Selena Gomez’s acting career is thriving, music remains a cornerstone of her financial empire. As a recording artist, Gomez has sold millions of albums and racked up billions of streams on platforms like Spotify and Apple Music. Her albums, especially Revival and Rare, have been well-received both commercially and critically.
In 2023, Gomez released several new singles, further boosting her musical presence. With streaming revenue, concert tours, and merchandise sales, Gomez earns an estimated $10 million annually from her music career alone. Her catalog continues to generate income, especially from streaming platforms where she remains one of the most streamed female artists in the world.
3. Rare Beauty: The Billion-Dollar Brand
One of the key factors in Selena Gomez’s ascent to billionaire status is her venture into the beauty industry with Rare Beauty. Launched in 2020, Rare Beauty has quickly become one of the most successful beauty brands, praised for its inclusive range of products and focus on self-acceptance. Gomez’s brand has a loyal fanbase and consistently ranks among the top beauty brands in terms of sales.
By 2024, Rare Beauty is estimated to be worth over $1.2 billion, with Gomez holding a significant stake in the company. Her involvement in the brand, both as its founder and its most prominent face, has been instrumental in its success. Reports suggest that Selena makes $200 million annually from Rare Beauty, which includes both product sales and her ownership equity in the company.
4. Endorsements and Collaborations
Selena Gomez is also a sought-after celebrity for endorsements. Over the years, she has worked with several high-profile brands, including Coach, Puma, and Coca-Cola. These partnerships have not only helped cement her status as a style icon but have also significantly contributed to her fortune.
Her endorsement deals are estimated to bring in around $10 million to $15 million per year. Additionally, she collaborates with other brands across various industries, often promoting products on her social media platforms, where she boasts over 430 million followers on Instagram, making her one of the most-followed celebrities on the platform.
5. Investments and Real Estate
Like many savvy celebrities, Selena Gomez has diversified her income by investing in real estate. She owns several properties, including a luxurious mansion in Encino, Los Angeles, valued at around $5 million. She has also made investments in startups and other business ventures, further boosting her net worth.
Real estate not only serves as a personal luxury but also as a significant financial investment. In 2023, Gomez reportedly sold one of her properties for a substantial profit, which contributed to her overall wealth. Her investments in various tech and fashion startups are also believed to provide her with an additional stream of income.
Selena’s Journey to the Billionaire’s Club
Selena Gomez’s journey to billionaire status is nothing short of impressive. From her humble beginnings in Texas to becoming one of the most influential women in the entertainment industry, her rise has been both inspiring and remarkable.
What sets Gomez apart from many of her contemporaries is her ability to diversify her career. She has seamlessly transitioned from a Disney star to a pop sensation, to an actress in critically acclaimed projects, and finally, to a successful entrepreneur. Rare Beauty, in particular, has been a game-changer for Gomez, allowing her to connect with fans on a deeper level while simultaneously building a highly profitable business.
Her focus on mental health, self-acceptance, and positive body image has resonated with a wide audience, making her more than just a celebrity—she’s become a role model for millions.
What’s Next for Selena Gomez?
As of 2024, Selena Gomez shows no signs of slowing down. Her continued involvement in “Only Murders in the Building” ensures she will remain a fixture on television for the foreseeable future. Additionally, with new music expected to drop soon, fans can anticipate more chart-topping hits from the star.
Rare Beauty will also likely continue to expand, with new product lines and global market penetration. Gomez has hinted at furthering her business ventures, potentially exploring fashion, wellness, and philanthropy. Given her track record, it’s likely that anything she touches will turn to gold—both figuratively and literally.
Selena Gomez’s rise to billionaire status in 2024 is a testament to her talent, determination, and entrepreneurial spirit. From her early days on Disney Channel to her role in “Only Murders in the Building,” to her successful beauty brand Rare Beauty, Gomez has proven herself to be a powerhouse in the entertainment and business worlds.
As she continues to grow her empire, it’s clear that Selena Gomez’s influence will extend far beyond her current achievements. With multiple ventures still in progress and a fanbase that spans the globe, her future is incredibly bright.
Selena Gomez Net Worth Breakdown
1. How much money does Selena Gomez make from her music career?
While specific figures are not publicly available, Selena Gomez’s music career has been a significant contributor to her net worth. Her albums, concert tours, and streaming royalties have generated substantial income over the years.
2. What is the value of Selena Gomez’s beauty brand, Rare Beauty?
Rare Beauty is estimated to be worth around $820 million, making it a major driver of Selena Gomez’s overall net worth. The brand’s success can be attributed to its popularity and Gomez’s strong personal connection to the product.
3. How much money does Selena Gomez make from acting roles?
Selena Gomez’s acting career, including roles in movies and television shows like “Wizards of Waverly Place” and “Only Murders in the Building,” has provided a steady income stream. While specific figures are not publicly disclosed, her acting roles have contributed to her overall wealth.
4. What are Selena Gomez’s other sources of income?
In addition to her music, beauty, and acting ventures, Selena Gomez has other sources of income, including endorsements, investments, and potential business ventures. These additional streams of revenue contribute to her overall financial success.
5. How has Selena Gomez’s net worth changed over the years?
Selena Gomez’s net worth has steadily increased over the years, primarily due to the success of her music and beauty ventures. As she has expanded her business interests, her net worth has grown significantly.
6. What is Selena Gomez’s net worth compared to other celebrities?
With an estimated net worth of $1.3 billion, Selena Gomez ranks among the wealthiest celebrities in the world. Her success in multiple industries, including music, beauty, and acting, has propelled her to a high financial standing.
