How much money is Selena Gomez worth in 2024? That answer has been revealed alongside the news that she is the latest celebrity to join the Billionaire’s Club!
The 32-year-old has dominated multiple industries, with successful acting and music careers as well as her incredibly profitable makeup brand Rare Beauty.
If you’ve ever wondered how much Selena has been paid for her Emmy nominated work on Only Murders In the Building or how much she’s bringing in with each new blush launch, we’ve got the answer!
Keep reading to find out more…
According to reporting by Bloomberg, Selena‘s net worth in 2024 is $1.3 billion dollars.
The majority of her net worth is estimated to come from Rare Beauty. The outlet reported that it contributed approximately $1.1 billion or 81% based on the estimate that she has a 51% stake in the company.
It’s estimated that Selena brought in $3 million for her work on the Disney Channel’s hit series Wizards of Waverly Place. Years later, she’s believed to be earning $6 million per season of Only Murders. However, acting is only responsible for 1.3% of her worth.
That number pales in comparison to what she’s bring in through endorsement deals, which were attributed to nearly 7%. Selena reportedly signed a $30 million with Puma SE back in 2017. She’s also earned $10 a piece from deals with Coach and Louis Vuitton.
Although it’s been years since she’s embarked on a tour, live performances are responsible for nearly 5% of her net worth. Her 2016 Revival Tour generated more than $30 million in sales.
Album sales and streaming numbers combined are reported to contribute 2.5% to the singer’s net worth. However, the outlet noted that she could likely “double her music earnings if she wrote her own songs.”
Selena is also a co-founder of a company called Wondermind, which provides mental health tools. It’s responsible for 2.6% of her net worth.
Stacy Jones, founder and chief executive officer of Hollywood Branded noted that Selena‘s versatility is what has allowed her to amass such an impressive fortune, saying, “She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.”
“It’s smart that she’s kind of created a career that’s not so dependent on music being a big part of the financial piece,” Carolyn Sloane, a professor at University of Chicago’s Harris School of Public Policy, agreed.
See how Selena‘s net worth compares to other Disney Channel alums. You can also compare it to fellow pop stars of the ’00s.
See how Selena‘s bestie Taylor Swift makes her money.
