Curious about Selena Gomez’s financial situation in 2024? The celebrity, who has made headlines as a billionaire, is now projected to be worth $1.3 billion.
Let us have a look at Selena Gomez’s biography, income sources, and net worth increase from 2018 to 2024.
About Selena Gomez
With her legal name Selena Marie Gomez, she was born July 22, 1992, in Grand Prairie, Texas. Selena’s early years spent mostly with her mother, Mandy Teefey. Her entertainment career began when she was barely 10 years old, with a role on the children’s show “Barney & Friends.”
This early beginnings opened the door for her breakout role on Disney Channel’s “Wizards of Waverly Place,” as Alex Russo. The show’s popularity propelled Selena into the spotlight and set the stage for her future career in both music and film.
Selena did not stop with acting. Her musical career began with her band, “Selena Gomez & the Scene,” and singles like “Love You Like a Love Song” helped her gain a large following. Albums such as “Revival” and “Rare” hit the charts when she shifted into a solo career, greatly raising her income.
Related: Taylor Swift Net Worth
Following her departure from Disney, Selena played more mature roles in films such as “Spring Breakers” and “The Dead Don’t Die.” Her versatility enabled her to experiment with other genres while also increasing her earnings.
In addition to her acting and musical abilities, Selena has succeeded as a producer. She has executive produced Netflix’s “13 Reasons Why” and Hulu’s “Only Murders in the Building,” which has increased her salary.
Also, her beauty line, “Rare Beauty,” has grown into a great success, with a devoted following that has become a considerable revenue stream.
Selena is also a committed philanthropist who advocates for mental health awareness. This dedication not only improves her public image but also complements her entrepreneurial endeavors.
See This: Rihanna’s Net Worth & Bio
Selena Gomez’s Net Worth in 2024
Selena Gomez’s net worth has kept rising over time, reflecting her hard work and dedication. According to Bloomberg, she is worth $1.3 billion in 2024.
Selena’s Source Of Income
Selena Gomez’s wealth is a result of various income streams, which include be below ventures;
- Music and Touring: Her music continues to generate revenue through digital sales, streaming, and tours.
- Acting ventures: Film and television roles, as well as royalties from previous ventures, all provide a substantial contribution.
- Brand Endorsements: Partnerships with companies such as Puma and Coach are lucrative.
- Entrepreneurship: “Rare Beauty” and other companies contribute significantly to her net worth. According to Bloomberg, Rare Beauty is the main source of her income.
- Social Media Influence: Selena’s social media influence allows her to earn a lot of money from sponsored posts.
With over 400 million Instagram followers, it is estimated that a single Instagram post by Selena is worth $3.5 million to the brand that pays for it. She has been reported to make between $500,000 and $800,000 for a single sponsored post.
Also Read: Dua Lipa’s Net Worth & Bio
