What is Selena Gomez's net worth? Inside her 6-bedroom, 10-bathroom LA mansion of 11,000 sq feet
Becoming a multimillionaire isn't difficult if you are a celebrity, but to do so in your 20s is a rare feat few have mastered. One of those select few is Selena Gomez — the singer who skyrocketed to fame as a teen thanks to Disney Channel. Today, she's amassed a huge fortune and has a lifestyle to match.
Gomez's fortune widely stems from her varied abilities. She's a singer, songwriter, actress, producer and businesswoman. Together, all those have culminated in a massive net worth, at a very young age of just 27.
How much is Gomez worth you ask? That's what we explore, as well as a look into how she became one of Hollywood's richest celebrities, and now enjoys a lifestyle fit for a queen.
What is Selena Gomez's net worth?
Celebrity Net Worth pegged Gomez to be worth $75 million in 2020. That's a huge amount for someone who began their career two decades ago. She began her career as a child with roles in 'Barney & Friends', 'Spy Kids 3-D', 'The Suite Life of Zack & Cody' and 'Hannah Montana'. However, she really made a name for herself with the Disney Channel show 'Wizards of Waverly Place'. Reportedly, Gomez was paid $30,000 per episode, or just over $3 million in total.
Making millions as a teen could've ended very differently, but Gomez didn't stop there. At 16, she signed a deal with Hollywood Records, kickstarting her music career, and shortly after opened July Moon Productions, her own production company. It's unclear how much she made from her early records, but given the fact that songs like 'Back to You' frequently topped charts, we guess it to be a few million. We have information on her more recent activities. Reportedly, her Stars Dance Tour made $20.3 million at the box office, while the Revival Tour made $35.6 million.
While she's made good money from her talents, the real money earner for Gomez is her commercial engagements. E! News reported Gomez was paid $3 million a year to endorse Pantene in 2015. She also happens to have the most-liked pictures of 2016, thanks to a partnership with Coca-Cola that reportedly brought in $550,000. Her collaboration with luxury brand Coach was said to be worth $10 million, and her two-year deal with Puma worth $30 million.
When you're that famous and wanted, your Instagram profile is clearly worth a lot. Given that she has 225 million followers on Instagram, it's no wonder brands are willing to cough up the big bucks for her. Reportedly, she's paid about $800,000 per Instagram post.
Selena Gomez's homes
It's certainly clear that Gomez is worth $75 million from her lifestyle. In 2020, she purchased an LA mansion worth $4.9 million that once belonged to singer Tom Petty. The property is over 11,000 square feet and has six bedrooms and 10 bathrooms, as well as a recording studio, wine cellar, and a gym. Prior to that, she was living in Studio City, in a property listed $2.799 million. She dropped $2.249 million for the home a year ago, before giving it up for the LA property. While these large and gorgeous homes are certainly awe-inspiring, her beginnings are a little more humble.
In 2011, when she was 19, Gomez bought her first house in the Tarzana area of California's San Fernando Valley. The home reportedly cost only $2.2 million, which she then sold for $3.5 million. She then dropped $3.7 million for a property in Calabasas, which she then sold for in 2015 for $4.5 million. After that, she bought a house in Texas, which she later sold for $2.7 million.
So as you can see, Gomez has made a nice few millions just from her real estate portfolio. No wonder she's worth $75 million!