As of 2023, Selena Gomez has an estimated net worth of around $800 million.
Selena Gomez is an American singer, actress, and producer who has been active in the entertainment industry since childhood. Over the past two decades, she has built her wealth through her singing, acting, and producing careers.
Selena Gomez Net Worth
Selena Gomez is one of the most prominent young stars in entertainment. She has built significant wealth even at a young age. Her net worth has been accumulated from TV and film acting roles and recording music.
Gomez earned modest salaries in her early years as a child actress on Barney & Friends and Wizards of Waverly Place. However, as she took on more mature roles in films like Spring Breakers and more music releases with her chart-topping albums, her paychecks grew larger.
Gomez also brings in income from endorsement deals and entrepreneurial ventures. She has had lucrative deals with companies like Puma, Coach, and Louis Vuitton. In 2020, she launched her makeup line called Rare Beauty.
According to financial reports, Gomez earned $10 million in 2016 and $11.5 million in 2017 from her various endeavors. Between June 2018 and June 2019, she earned around $20 million.
As of 2023, Selena Gomez has an estimated net worth of around $800 million. Most of her net worth comes from acting and singing engagements, earning her up to $20 million annually in recent years. Additional income from endorsements, business ventures, and investments contributes to her net worth.
Early Life and Education
Selena Gomez was born in Grand Prairie, Texas, in 1992. Her mother, Amanda Cornett, was a former stage actress, and her father, Ricardo Gomez, was of Mexican descent. She made her name after the famous Tejano singer Selena Quintanilla-Pérez, whom her father admired.
Gomez showed an interest in pursuing entertainment from an early age. By age 7, she audited for children’s television shows with the support of her mother. She landed minor roles in shows like Barney & Friends and Hannah Montana after auditioning against hundreds of other children.
Gomez was homeschooled for several of her middle school years, receiving a personalized education from her mother, who was once a teacher. This flexible school arrangement allowed Gomez to continue acting and auditioning.
She briefly attended a private school in high school before homeschooling again to focus more on her blossoming career. The decision proved lucrative, but Gomez mentions sometimes missing out on high school experiences.
Gomez got her big break in 2002 when she landed a role on the popular children’s show “Barney & Friends.” She appeared in 14 episodes as Gianna. During this time, she continued to audition for other acting roles. Her next significant role came in 2007 when she played Alex Russo on the Disney Channel series “Wizards of Waverly Place.” The show became famous for four seasons, propelling Gomez to fame among young audiences.
In 2008, Gomez formed the pop-rock band Selena Gomez & The Scene. The band released three hit studio albums certified Gold and Platinum by the RIAA. During this time, Gomez also began taking on more mature acting roles in films such as Ramona and Beezus (2010) and Monte Carlo (2011).
Success in Music & Film
Gomez embarked on a successful solo music career after wrapping up Wizards of Waverly Place in 2012 and Selena Gomez & The Scene in 2014. She has released multiple top-ten albums and number-one singles.
Some of her biggest hits include “Come & Get It,” “Good for You,” and “Lose You to Love Me.” In 2017, she had a collaborative single with Kygo called “It Ain’t Me” that reached the Top 10 on the Billboard Hot 100 chart. Outside of music, Gomez has appeared in a wide range of films, including Spring Breakers (2013), The Fundamentals of Caring (2016), and The Dead Don’t Die (2019).
Acting Ventures and Productions
Selena Gomez has taken on various acting roles across television and film. She is also increasingly involved behind the camera through her production company, July Moon Productions.
Gomez rose to fame by starring as a child on shows like Barney & Friends before landing her breakout lead part playing Alex Russo on the Disney Channel hit series Wizards of Waverly Place from 2007 to 2012. The show quickly became one of Disney’s most successful ever and cemented Gomez as a household name.
She began landing more mature feature film roles, including playing Grace in Ramona and Beezus (2010), followed by small parts in offbeat films like Harmony Korine’s indie darling Spring Breakers (2013), starring alongside Vanessa Hudgens and James Franco.
Gomez has continued taking on eclectic movie projects ranging from grittier fare like The Fundamentals of Caring (2016) alongside Paul Rudd to Jim Jarmusch’s zombie comedy The Dead Don’t Die (2019), where she held her own alongside an ensemble cast featuring Bill Murray and Adam Driver.
Selena Gomez has actively pursued several business ventures as an entrepreneur.
In 2020, Gomez launched her makeup line called Rare Beauty. The brand promotes self-acceptance and mental health awareness while selling cosmetics. Rare Beauty was an immediate success, earning over $100 million in revenue in its first year.
Gomez also collaborates on product lines with brands she endorses. That includes work with Puma on athletic wear collections and Coach on handbag and accessories designs that show sales spikes when Gomez publicly promotes them.
As an investor, Gomez has backed emerging companies like the premium instant ramen brand Ramen Wonderland and social commerce platform Havyn. She similarly invests in companies aligned with missions close to her heart around mental health access, education improvement, and supporting immigrant communities.
Personal Life and Relationships
Selena Gomez has lived much of her life in the public eye since rising to fame at a young age. She has been open about her struggles with anxiety and depression. In 2014, Gomez was diagnosed with lupus, an autoimmune disease that also impacts her mental health. She has shared her health struggles publicly in the hopes of raising awareness and empowering others facing similar issues.
Gomez dated fellow pop singer Nick Jonas in 2008. From 2010 to 2018, she had an on-again, off-again relationship with Canadian pop star Justin Bieber. The two music stars made headlines with their whirlwind romance that was rocky at times yet centered around their shared experiences growing up as young performers under an intensive celebrity culture.
Gomez has mentioned having few long-term friends outside of show business. She once considered fellow star Demi Lovato her best friend for many years until tensions grew between them around 2010, and the friendship fizzled out.
Controversies and Challenges
Selena Gomez’s career has not been without its share of controversies and challenges.
In 2008, Gomez faced backlash when risqué photos she took with friend Vanessa Hudgens leaked online. Though Gomez was underage at the time, the photos threatened to tarnish her image as a role model for young fans. However, Gomez handled the incident maturely, apologizing to fans and moving forward positively.
Gomez has also dealt with relationship difficulties publicly due to her high-profile romance with Justin Bieber. Their breakups and makeups faced intense media and public scrutiny, leading to stress for them both that Gomez has been candid about.
FAQs on Selena Gomez Net Worth
What was Selena Gomez’s first major acting role?
Gomez’s first major acting role was as Alex Russo on the Disney Channel series Wizards of Waverly Place from 2007-2012. The show catapulted her from a child actress to a teen star.
Is Selena Gomez dating anyone currently?
Since 2020, Gomez has reportedly been in a private relationship with Italian-Canadian businessman Andrea Iervolino. Gomez has not shared much publicly about her current relationship status.
Does Selena Gomez have any Grammy Awards?
While nominated, Gomez still needs to win a Grammy Award. She has been nominated twice, including a 2022 Grammy nomination for Best Pop Vocal Album for her Spanish-language EP Revelación.
Selena Gomez is a multi-talented star who has made her name through childhood stardom before branching into mature acting roles, a successful solo music career, and producer credits.
Despite facing high-profile struggles with health issues, she remains an influential figure for her generation with an estimated $800 million net worth that continues rising. However, Gomez still has a very bright future ahead.