Is Selena Gomez a Billionaire?

The Current State of Selena Gomez's Wealth

Selena Gomez is an American singer, actress, and producer who has amassed a significant fortune through her successful career in the entertainment industry. As of 2023, her net worth is estimated to be around $85 million, according to Celebrity Net Worth. While this makes her one of the wealthiest celebrities in the world, she is still far from being a billionaire.

Sources of Income

Gomez's wealth comes from a variety of sources, including her music sales, acting roles, and endorsements. She has released several successful albums and singles, including "Lose You to Love Me" and "Wolves," which have sold millions of copies worldwide. She has also starred in several popular films and television shows, such as "Wizards of Waverly Place" and "Only Murders in the Building." Additionally, Gomez has lucrative endorsement deals with brands such as Puma, Coach, and Pantene.

Music Sales

• Selena Gomez has sold over 70 million records worldwide, making her one of the best-selling music artists of all time.
• Her most successful album, "Stars Dance," has sold over 10 million copies globally.
• She has also had several hit singles, including "Come & Get It" and "The Heart Wants What It Wants.

Acting Roles

• Gomez has starred in several popular films and television shows, including "Wizards of Waverly Place," "Spring Breakers, and "Only Murders in the Building.
• She has also done voice work for animated films such as "Hotel Transylvania" and "Dolittle."
• Gomez's acting roles have earned her several awards and nominations, including a Golden Globe nomination.

Endorsements

• Gomez has lucrative endorsement deals with brands such as Puma, Coach, and Pantene.
• She has also partnered with brands such as Adidas, Coca-Cola, and Louis Vuitton.
• Gomez's endorsements have helped her to increase her wealth and reach a wider audience.

Investment and Business Ventures

In addition to her entertainment career, Gomez has also made smart investments in various businesses. She has invested in the fitness app FitOn, the mental health platform Wondermind, and the sustainable fashion brand Rare Beauty. These investments have helped her to diversify her income streams and grow her wealth.

FitOn

• Launched in 2019, FitOn is a fitness app that offers free and paid workouts led by celebrity trainers.
• Selena Gomez is an investor and advisor to the company.
• FitOn has over 10 million active users.

Wondermind

• Wondermind is a mental health platform that offers resources and support for mental well-being.
• Selena Gomez is a co-founder and investor in the company.
• Wondermind has raised over $25 million in funding.

Rare Beauty

• Rare Beauty is a sustainable and cruelty-free makeup brand founded by Selena Gomez in 2020.
• The brand has been praised for its inclusivity and commitment to mental health.
• Rare Beauty products are available in over 2,000 stores worldwide.

Philanthropy

Gomez is also known for her philanthropic efforts. She has donated millions of dollars to various charities and causes, including UNICEF, the Lupus Research Alliance, and the Black Lives Matter movement. She also launched the Selena Gomez Fund for UNICEF in 2009, which supports education and healthcare programs for children around the world.

UNICEF

• Selena Gomez is a UNICEF Goodwill Ambassador since 2009.
• She has traveled to several countries on behalf of UNICEF to raise awareness about the needs of children.
• Gomez has also donated millions of dollars to UNICEF.

Lupus Research Alliance

• Gomez was diagnosed with lupus in 2014.
• She has since become a vocal advocate for lupus awareness and research.
• Gomez has donated money to the Lupus Research Alliance and has participated in their fundraising campaigns.

Conclusion

While Selena Gomez is not yet a billionaire, she is one of the wealthiest and most successful celebrities in the world. Her diverse income streams, smart investments, and philanthropic efforts have helped her to build a significant fortune. It is likely that Gomez will continue to grow her wealth in the years to come, and she may even reach billionaire status in the future.