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Selena Gomez celebrates the launch of Rare Beauty's Soft Pinch Tinted Lip Oil Collection on March 29, 2023 in New York City© Getty Images

Selena Gomez's billion dollar net worth revealed

The Only Murders in the Building star is now a billionaire!

Ahad Sanwari
Ahad Sanwari - New York
Senior WriterNew York
Updated: September 7, 2024
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Whether its her success on Only Murders In The Building, or her new music, Selena Gomez has a lot to be proud of — and many streams of revenue. Her diversified income has led to her making an incredibly rare milestone: she has joined the small group of musicians who have developed a billion dollar net worth.

Certainly, Selena has come a long way from her difficult childhood in Texas, which saw her mom — who had her aged 16 — struggling to make ends meet from time to time. "I remember my mom would run out of gas all of the time and we’d sit there and have to go through the car and get quarters and help her get gas," Selena once said of growing up.

The social media sensation shared her gratitude for all her followers with a series of Instagram posts for her over 400 million followers, sharing snippets from her star-studded birthday celebration as well.

VIDEO: Selena Gomez opens up in very candid new documentary, "My Mind and Me"

As we celebrate Selena, let's take a look at her work over the years, specifically through her net worth, which is so much higher than you'd think!

What is Selena Gomez's net worth?

Selena Gomez has joined her BFF Taylor Swift in becoming a billionaire. The singer, actress and entrepreneur is worth $1.3 billion, according to the Bloomberg Billionaires Index.

Selena Gomez and Christina Aguilera in a photo shared from Selena Gomez's 31st birthday party on Instagram© Instagram
Selena celebrated her 31st birthday with a star-studded bash, pictured here with fellow former child star Christina Aguilera

While it helps that the singer-songwriter has massively diversified her income from music, working as an actress and taking on lucrative endorsements, 81.4 per cent of this comes from her Rare Beauty venture.

How much did Selena Gomez make from her work on the Disney channel?

selena gomez in wizards of waverly place
Selena Gomez in Wizards of Waverly Place

Acting has been a large contributor to Selena's fame, given she made her screen debut at the age of ten on Barney & Friends. Roles in Hannah Montana, Wizards of Waverly Place, Another Cinderella Story, and other Disney entries made her a star.

MORE: Selena Gomez shows off gorgeous curves after being trolled for gaining weight

Selena reportedly earned $30,000 per episode of Wizards of Waverly Place, earning more than $3 million altogether for her role as Alex.

MoneyInc reported that she earned $3,000 per episode for her role in Barney & Friends.

How much does Selena Gomez make from Only Murders in the Building?

Mabel and Tobert talking in Oliver's apartment© Hulu
Mabel decided to stay in New York while Tobert took a new job in LA

Selena's latest big acting gig, Only Murders in the Buildingsees her rubbing shoulders with the likes of Steve Martin and Martin Short, who reportedly earn $600,000 per episode according to Variety. As Selena not only co-stars but is one of the executive producers of the show, it's safe to say she likely earns a similar amount to them.

How much does Selena Gomez make from other acting gigs?

In her adult years, the singer has diversified her offerings as an actress, including the likes of Spring Breakers and Monte Carlo. 

It's unknown how much she was paid for Spring Breakers, the Harmony Korine cult classic. But with the modest budget of $5 million, the film grossed $31.7 million in the box office - yet actress Ashley Benson claimed she was never paid for her role in the film at all.

WIZARDS OF WAVERLY PLACE - "Justin's Back In" - Alex attempts to help Justin prepare his students for the big "Wizard's Knowledge Test," yet they all fall short of expectation when she pushes them to take the exam early, barring Justin from the family Wiz© Getty Images
She first shot to fame in Disney's "Wizards of Waverly Place," playing Alex Russo

As well as acting, Selena is also a producer on Only Murders, alongside other hit series like 13 Reasons Why, Living Undocumented, and Selena + Chef, the latter of which earned her a Daytime Emmy nomination.

MORE: Nicola Peltz Beckham and Selena Gomez's stylish swimwear is giving 'hot girl summer'

How much does Selena Gomez make from music?

Selena Gomez poses in a bikini in a photo shared on Instagram© Instagram
The actress-singer is also the most followed woman on Instagram, with her posts instantly attracting millions of likes

Her music career has also been quite successful, spanning from her early years with her band, Selena Gomez & The Scene, to her solo career, including three number one albums and nine top ten singles.

Back in 2013, her debut solo album rocketed her net worth to $10 million thanks to high sales, and when it comes to touring Selena made $35.3 million from the Stars Dance Tonight Tour and $35.6 million from the Revival Tour.

How much money does Selena Gomez make from Rare Beauty?

Selena Gomez owns Rare Beauty makeup line
Selena Gomez owns Rare Beauty makeup line

Rare Beauty has made up $1.1 billion of Selena Gomez's net worth, and is currently valued at over $2 billion as of 2024. It's one of the fastest growing cosmetics brand, which raked in nearly $60 million in revenue in its first year alone.

MORE: Hailey Bieber blasts 'vile' rumors over relationship with Selena Gomez

What else contributes to Selena Gomez's net worth?

Selena Gomez signed Rare Beauty PR makeup package is seen at Musicares Charity Relief Auction Press Preview at Julien's Auctions on February 01, 2023 in Beverly Hills, California© Getty Images
Her beauty brand, Rare Beauty, is one of the most successful celeb-run cosmetics companies

Selena is well-known for being the face of several high end brands such as Coach, Louis Vuitton, Pantene, Adidas, and Puma. She also is an investor and holds stake in brands like Serendipity ice cream and Gopuff, while collaborating on her own line of cookware with Our Place last year.

The Hotel Transylvania star is also the most followed woman on Instagram, boasting 426 million followers (as of writing), with each of her sponsored posts reportedly earning $1.7 million.

Selena Gomez celebrates her birthday in a photo shared on Instagram© Instagram
Selena implored fans to contribute to her mental health awareness nonprofit for her birthday

MORE: Selena Gomez sparks reaction with princess-inspired wedding photos

Selena has also made a name for herself in the advocacy space, specifically as a prominent voice in the sphere of mental health. For her birthday, she implored her fans to donate to the Rare Impact Fund, a nonprofit which focuses on mental health awareness.

She wrote: "I am thankful for so much in my life and one of the things I am most thankful for is the work we've been able to do with the Rare Impact Fund through @Rarebeauty. Because of YOU we've been able to raise awareness and increase access to mental health services for young people. This is my true passion in life. 

"People keep asking me what I want for my birthday, and I tell everyone the same thing, please do not get me anything but if you want to do something for my birthday, please donate to the Rare Impact Fund. If you have the means, consider donating to help us make a difference."

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