Selena Gomez is again going to be a part of the Wizard of Wavery Place’s reboot as Alex Russo. This has gotten fans to wonder about Selena Gomez’s net worth as of 2024. It’s no secret that a big part of her recent net worth growth is from her successful makeup line, Rare Beauty, which she launched in 2020.
Here’s everything you need to know about Selena Gomez’s net worth as of 2024.
What is Selena Gomez’s net worth in 2024?
Selena Gomez has an estimated net worth of $1 billion in 2024.
As of 2024, Selena Gomez’s estimated net worth is a billionaire, according to recent reports. Thanks to her successful singing and acting career, which started when she made an appearance on Disney as a young adolescent, she quickly rose to become one of America’s most famous faces. She is an American celebrity and social media mega-star with a broad career in acting, singing, and business.
Selena Gomez’s earnings explained — how do they make money?
The main sources of Selena Gomez’s revenue are her beauty brand, acting, singing, social media posts, brand collaborations, etc.
Music
Gomez started young with her band, Selena Gomez & the Scene, and continued success as a solo artist. Hit albums like “Stars Dance” and “Rare” along with chart-topping singles like “Lose You to Love Me” have brought in millions through sales and streaming platforms like Spotify and Apple Music. Global tours are a goldmine for musicians, and Gomez’s Revival Tour and Rare Tour brought in massive revenue.
Acting
Acting was one of her first business endeavors. She appeared in several groundbreaking TV series and movies, including Wizards of Waverly Place, and Only Murder In the Building. She was nominated for four Emmy Awards and just received the Cannes Festival’s best female prize. So far, all of her performing endeavors have been profitable and have improved her financial situation.
Makeup brand Rare beauty
Although the actual amount of money Gomez makes from Rare Beauty is undisclosed, the company is well-known. Given that her net worth increased by more than $700 million in a short period of time, we can presume that the brand played a significant role.
Social media earnings and brand deals
With the most followers on major platforms like Instagram, Twitter, Spotify, Facebook, and TikTok, her earnings per post are staggering. On Instagram alone, she commands a whopping $2.5 million. But that’s not all. Kardashian has leveraged her social media influence into lucrative brand deals, becoming an ambassador for companies like Puma, Coach, Rare Beauty, Adidas, and Pantene. These collaborations have significantly bolstered her financial empire.
