Highlights
- Selena Gomez is a multi-talented celebrity who has gained immense wealth from her successful career in acting, singing, producing, and business ventures.
- With a net worth of $800 million, Selena Gomez surpasses other Disney Channel alumnae like Demi Lovato and Miley Cyrus.
- Gomez's business investments, social media brand deals, and founding of Rare Beauty have significantly contributed to her financial success and increased her net worth.
Selena Gomez is one of the most hardworking celebrities, and it has paid off, with the Disney alum now only a few hundred million away from becoming a billionaire. Gomez is an actor, singer, producer, and businessperson who has made and invested millions over her twenty-year-long career. From working for the Disney Channel for four years to becoming a global pop star with several hit songs, Gomez took the same path to fame as former Disney kids and has come out on top.
Though the Hotel Transylvania star isn’t the only Disney Channel alum to make it big in showbiz, she is the most wealthy. Gomez's investments in several businesses have shot her net worth up from $95 million to $800 million, much more than celebrities like Britney Spears, Miley Cyrus, and Justin Timberlake.
What Does Selena Gomez Do For A Living?
Selena Gomez is an accomplished actor, singer, producer, and successful business mogul. Gomez made her acting debut in 2002 when she appeared in Barney and Friends before having minor roles in Hannah Montana and The Suite Life of Zack and Cody. The 31-year-old, however, is most known for her role as Alex Russo in Wizards of Waverly Place, where she made $3 million during the five years she filmed the show. Due to the popularity of the series, Gomez was able to launch her music career and become one of our generation's most successful pop stars.
Gomez’ started out as part of the band Selena Gomez & the Scene before releasing three studio albums, Stars Dance, Revival, and Rare, after she went solo. According to Cosmopolitan, the Texas native made over $70 million during her two solo music tours. In 2013, she raked in $35.3 million during her Stars Dance Tonight tour and $35.6 million during her 2016 Revival tour. Gomez told Vogue the following year she needed a break from the limelight for her mental health. "Tours are a really lonely place for me. My self-esteem was shot. I was depressed, anxious. I started to have panic attacks right before getting onstage or right after leaving the stage. Basically, I felt I wasn’t good enough, wasn’t capable."
The Wolves singer took a break from music to deal with her mental health and returned to television when she produced Netflix’s 13 Reasons Why and HBO’s Emmy-nominated show Selena + Chef. As per Variety, two of the main cast, Steve Martin and Martin Short, in Hulu’s Only Murders In The Building take home $600,000 per episode, so Gomez could be taking the same amount, if not more, since she is also named a producer.
How Selena Gomez Makes Her Millions
Along with her acting and past projects, Selena Gomez makes a lot of money through her social media brand deals and business investments. It is reported that Gomez makes $20,000 per day. Since the musician is the most followed woman on Instagram with 426 million followers, she can make up to 1,735,000 per post, according to Instagram Rich. Due to her popularity globally, Gomez landed a $30 million deal with Puma for 2017 to 2022 and a $10 million deal as the face of Coach.
The Ice Cream singer also founded the cruelty-free makeup brand, Rare Beauty in 2020, which was so successful during its first year that it made a profit of $100 million. The company generates close to $300 million in sales, with 1% of the profits going to the Rare Impact Fund, which aims to spread global awareness of mental health issues.
The face of Rare Beauty told Women’s Wear Dailyshe pinches herself daily because she can’t believe how successful the brand has become. “It’s the best feeling in the world when anyone comes up to me and compliments the brand, because they’re not complimenting me — they’re definitely complimenting my team, as well, because we work really hard on these products, and they want them to be great.”
Gomez used all her earlier earnings wisely and invested in several businesses to grow her net worth. Gomez co-founded Serendipity Brands, a dessert company making $16 million in annual revenue. Forbes estimated the delivery company GoPuff where Gomez is a partner and investor, is worth $40 billion, so depending on what she put in, she is earning a good chunk from it.
The Princess Protection Program actress also co-founded the mental health site WonderMind which is valued at $100 million. Gomez's net worth skyrocketed this year from $95 million to $800 million due to the success of her businesses. Bloomberg reported in 2022, Rare Beauty’s Liquid Blush earned more than $70 million in sales showing just how popular the makeup is with women.
Is Selena Gomez The Richest Disney Alumni?
Selena Gomez is undoubtedly one of the most successful stars to come out of the Disney Channel, and she is more affluent than most of her former colleagues. Disney is responsible for launching famous talents like Ryan Gosling, Justin Timberlake, and Britney Spears at a young age. Similar to Gomez's career trajectory, stars like Timberlake and Spears went on to have successful careers in music after their time at Disney.
As of last year, the wealthiest Disney Channel alum was Justin Timberlake, with a net worth of $250 million, which he made from his singing and acting career. Followed by pop singer Christina Aguilera, with a net worth of $170 million, while Miley Cyrus has an impressive net worth of $160 million that she has amassed from her time with Hannah Montana and a successful music career. She is also wealthier than her Princess Protection Program co-star Demi Lovato who has a net worth of $40 million according to Celebrity Net Worth.
Gomez’s diverse portfolio, including deals, investments, and partnerships, has put her ahead of other celebrities she worked with on the network, with a net worth of $800 million thanks to her investments.
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