If you still think of her as the young impressionable Disney girl, then Selena Gomez’s net worth might blow your mind. Since growing out of her Disney days, Selena has forged a career that spans across music, fashion, and TV production, all of which has helped her build enormous wealth.
As a musician, she boasts of two number one albums and seven of her singles have debuted in the US Billboard Hot 100 tracks. As a producer, her career includes a widely successful show and a couple of films. We took a detailed look at Selena Gomez’s net worth as well as how she got so rich. Read on to check it out.
Selena Gomez’s Net Worth
Hollywood has a history of child stars who did not fare well as adults and although it has often been down to a variety of reasons, the result tends to be the same. One of the few major exceptions is Selena Gomez who, like many others before and after her, began her career in show business as a child, starring as Gianna on the show, Barney and Friends. She appeared on the show across 13 episodes between 2002 and 2004 before she proved too old for the show and was moved on.
Since then, she has fashioned a career in the entertainment industry that includes a solid acting career, a music career as well as becoming a producer. She also has a couple of investments and partnerships in the fashion industry all of which have been successful and given Selena Gomez a net worth of $75 million.
How Did She Get So Rich?
Selena Gomez had a rough childhood from a parental standpoint (her parents got divorced when she was five years old), which also led to financial challenges for her family.
However, when she began her acting career, things began to take a major turn for Gomez as she earned as much as $30,000 per episode for one of her early roles, Wizards of Waverly Place. She starred on the show as Alex Russo between 2007 and 2012, appearing in a total of 106 episodes.
During her time on the show, Selena Gomez earned other income by appearing on other programs and films like Hannah Montana, Another Cinderella Story, Arwin!, Princess Protection Program and a few others.
Through acting and the movie industry as a whole, an extensive filmography both as an actress and a producer has earned Selena Gomez a sizeable percentage of her net worth. She has her own production company, July Moon Productions.
The more documented aspect of the source of Selena Gomez’s net worth is her music career, which began professionally after she signed a recording contract with Hollywood Records at the age of 16. Prior to the signing, she has earned money writing and singing several songs in Disney movies and shows.
Outside of her Disney works, her music career began via the pop-rock band, Selena Gomez & the Scene. The band released its first album in August 2009 and sold 66 thousand copies in its first week of sales, debuting at number nine on the Billboard 2000.
The band released three albums with moderate success before it got disbanded. Selena made a significant amount of money through the band’s album sales and tours.
In her solo career, she has had a little more success, releasing two albums – Stars Dance and Revival, all of which has led to a combined record sale of over 7 million and 22 million singles worldwide.
When she is not making money from the sale of her albums and singles, she has made money through music tours, with her Stars Dance Tour earning $20 million at the box office and her Revival tour earning $35.6 million.
Outside of her earnings as a musician, Selena Gomez’s net worth has further come through her work in the fashion industry. She released her first clothing line, Dream Out Loud in 2010. The clothing line was launched in partnership with Kmart and sold under the retailer between 2010 and 2014, bringing in several millions of dollars in revenue for both parties.
She has ventured into other fashion items since, including the release of her own Coach collections as well as partnerships with Puma. The Puma deal is believed to be worth $30 million for the actress/singer. She also has other endorsement deals with Louis Vuitton, Coca-Cola, Borden Milk, and Pantene.
Her social media status has also made her one of the richest young musicians today, earning as much as $800 thousand for each sponsored post on Instagram due to her follower base of over 155 million users.
With such an extensive source of income, it is no surprise that Selena Gomez’s net worth is $75 million.