2023 Update: Selena Gomez's Net Worth and Her Successful Ventures
Date: [23,July,2023]
Creator: Muhammad Danyal Bhutta
Selena Gomez, a multi-talented American singer, actor, and entrepreneur, has risen to prominence in the entertainment world following her debut appearance in Disney's "Wizards of Waverly Place." She has broadened her portfolio throughout the years, dabbling in music, cinema, television, and entrepreneurship, which has greatly increased her net worth. According to Celebrity Net Worth, Selena Gomez's net worth is expected to exceed $800 million by 2023.
#Acting Profession:
Gomez began her acting career as Alex Russo in "Wizards of Waverly Place," which aired 106 episodes from 2007 to 2012. Gomez was paid $30,000 per episode for her role on the show. She began acting in the Hulu series "Only Murders in the Building," opposite Steve Martin and Martin Short, in 2021. While the actual amounts for her remuneration for this series are unknown, considering the show's success and her co-stars' rumoured earnings of $600,000 per episode, it's safe to presume she made a large sum.
#Music Profession:
Selena's solo music career began in 2013 with the release of her single "Come & Get It." "Stars Dance," her first solo album, arrived at number one on the Billboard 200 chart. By 2020, she had published her third studio album, "Rare," which likewise charted at the top of the Billboard 200. Her touring earnings, in particular, have significantly contributed to her net worth.
Investments and Entrepreneurship:
Gomez has shown herself to be a successful investor and entrepreneur in addition to her acting and singing careers. In 2020, she became an investor and co-owner of the ice cream firm Serendipity. She also co-founded Wondermind, a mental health firm that raised $5 million at a $100 million valuation in August 2022.
Most notably, Gomez is the founder of the makeup firm Rare Beauty, which will debut in September 2020 with a limited-edition release at Sephora. Rare Beauty has dramatically increased her net worth, making her one of the world's wealthiest celebrities.
Earnings from Endorsements and Social Media:
Gomez has also made a lot of money from brand sponsorships. She signed a two-year, $30 million endorsement deal with Puma in 2017. Coach also offered her a $10 million contract.
Gomez's social media presence has been a lucrative endeavour as one of the most-followed individuals on Instagram. A single Instagram post from Gomez is worth $3.5 million to the brand that paid for it. She has earned anything between $500,000 and $800,000 for a single sponsored post.
#Real Estate:
Gomez also has impressive real estate holdings. She has owned various properties throughout the years, including a $4.9 million, 11,500-square-foot custom-made home in Encino, California, built by Tom Petty in the late 1980s.
Finally, Selena Gomez's net worth in 2023 reflects her broad talents, entrepreneurial zeal, and astute commercial acumen. Her journey from kid star to successful entrepreneur inspires many aspiring artists and businesses across the world.
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