Selena Gomez $1.3 Billion Net Worth: Is She Really Worth It?

Selena Marie Gomez (born July 22, 1992) is a renowned American singer, songwriter, and actress. She gained early fame by starring in the children’s television series Barney & Friends. Later, she became widely known for her lead role in the Disney Channel series Wizards of Waverly Place.

In 2013, Gomez released her debut solo album Stars Dance, which topped the Billboard 200 chart in the U.S., further solidifying her career in the music industry.

As of 2024, Selena Gomez’s net worth is estimated at $1.3 billion, according to Bloomberg, making her one of the youngest billionaires in the world.

Selena Gomez Biography and Early Life

Selena Gomez was born on July 22, 1992, and is currently 32 years old. She stands at 5 feet 4 inches (1.65 meters). Gomez holds American nationality, and her parents, Ricardo Joel Gomez and Mandy Teefey, are also U.S. citizens.

Selena Gomez’s parents, Ricardo Joel Gomez and Amanda Dawn, separated when she was five. She grew up with her mother, a former actress, which fueled her passion for the entertainment industry.

Contrary to the assumption that she was raised in wealth, Selena had humble beginnings. Her mother gave birth to her at the age of 16, and Selena has often shared in interviews that they struggled financially during her childhood. Her journey to success was built on hard work, dedication, and leveraging the opportunities she earned through her career.

She formed the band Selena Gomez & the Scene, releasing hits like “Love You Like a Love Song.” After transitioning to a solo career, she released successful albums, including Stars Dance and Revival.

Selena Gomez Personal Life

Selena’s dating history has often made headlines. In 2008, she was romantically linked to Nick Jonas, although the relationship was short-lived. She was also famously involved in an on-and-off relationship with Justin Bieber from 2010 to 2018, a period marked by numerous breakups and reconciliations. Their turbulent relationship took a toll on Selena’s mental health, leading to her admission into a rehabilitation center in 2016.

In 2017, Selena was in a high-profile relationship with singer The Weeknd, which lasted until October 2017. During their time together, it was rumored that several songs on his album were inspired by their romance.

In an interview with vanity fair, Selena revealed that she might not be able to carry her own children due to medical reasons, particularly due to her struggles with lupus and the subsequent kidney transplant she underwent.

This news was heartbreaking for her fans, but many have supported the idea of her considering alternatives like surrogacy or adoption if she wishes to become a mother.

She’s in a relationship with 36-year-old singer, Benny Blanco.

Also Read: Halsey (Ashley Nicolette Frangipane): Biography and Net Worth

Selena’s Fleet of Cars

Gomez is known for owning luxury cars like the BMW X5, a Mercedes G-Class, and a Cadillac Escalade, reflecting her lavish lifestyle.

Selena Gomez in a dinner party — Image source: Instagram

Selena Gomez Net Worth

Selena’s financial journey began when she earned $30,000 per episode from Wizards of Waverly Place. By the early 2000s, she had amassed a modest net worth of $1 million. Over the years, her wealth grew exponentially, reaching $5 million, then $95 million, and finally reaching billionaire status.

As of 2024, Selena Gomez’s estimated net worth stands at $1.3 billion, largely thanks to her cosmetics company, Rare Beauty. Launched in 2020, the brand has seen massive success and is considered one of the major contributors to her fortune, along with her acting, music career, and various endorsement deals.