Selena Gomez’s journey from child actor to billionaire entrepreneur is nothing short of remarkable. What began as a gig alongside Barney the dinosaur at age 9 transformed into a multi-faceted career spanning music, film, television, and beauty. By 2024, the young Mexican-American star had joined an elite list of musicians turned billionaires, alongside powerhouses like Jay-Z and Rihanna. With a net worth of $1.3 billion, as reported by Bloomberg, Gomez’s wealth goes far beyond album sales and acting royalties. The lion’s share — a staggering 81% — comes from her groundbreaking cosmetics brand, Rare Beauty.
Founded in September 2020, Rare Beauty quickly became a sensation, in large part due to its viral products like the $23 Soft Pinch Liquid Blush, which alone raked in $70 million in 2023. By 2024, the brand was valued at approximately $2 billion. It was not just about makeup but also about redefining beauty standards. Selena ensured that inclusivity and mental health were cornerstones of the brand, even committing 1% of Rare Beauty’s sales to the Rare Impact Fund, which aims to raise $100 million to support mental health initiatives.
Selena Gomez’s Journey From Teen Star to Billionaire Mogul With Rare Beauty
Selena Gomez’s net worth as of 2024/2025 is estimated at $1.3 billion, largely driven by her 51% stake in Rare Beauty, valued at $1.1 billion, according to Bloomberg. While her acting and music careers contributed to her fame, her earnings from album sales, tours, and streaming make up less than 7% of her wealth. As for her house, the billionaire entrepreneur currently resides in a $4.9 million Encino mansion previously owned by Tom Petty, where she lives with her grandparents.
Gomez’s success in the beauty industry was bolstered by her early and impressive foray into entertainment. By age 15, she was a household name thanks to Disney’s Wizards of Waverly Place, where she earned $30,000 per episode, totaling nearly $3.2 million over the show’s 106 episodes. Her role as Alex Russo won hearts and cemented her status as a leading figure in teen television. But she didn’t stop there. She formed the band Selena Gomez & The Scene, releasing three gold-certified albums before embarking on a solo music career that produced hits like “Love You Like a Love Song,” which sold 2.8 million copies.
Her achievements in music and acting continue today. As a star and executive producer of Hulu’s Only Murders in the Building, Gomez reportedly earns at least $6 million per season. The show has garnered critical acclaim and earned her Golden Globe and Emmy nominations. The actress also hinted at returning to her Disney roots with a remake titled Wizards Beyond Waverly Place, a project that excites longtime fans.
Beyond her creative pursuits, Selena Gomez has made waves in real estate, curating an impressive portfolio over the years. Her first big purchase came at 19 when she bought a $2.175 million home in Tarzana, California. The 6,630-square-foot property boasted luxurious features like a media room, pool, spa, and guest house. By 2014, she sold it to Iggy Azalea for $3.45 million. That same year, Gomez upgraded to a $3.69 million Mediterranean-style mansion in Calabasas, complete with a gym, movie theater, and brick pizza oven, though she later sold it to French Montana for $3.3 million.
Her Texas roots called her back in 2015 when she acquired a 10,000-square-foot mansion near Fort Worth, featuring an eight-seat movie theater, pool with a waterslide, and tennis court. Despite its grandeur, she sold it in 2018 for $2.7 million after multiple price reductions. In 2017, she bought a charming $2.25 million bungalow in Studio City, Los Angeles, which she sold in 2020. That same year, she made perhaps her most iconic purchase: the former home of music legend Tom Petty in Encino, California, for $4.9 million. The custom-built property, spanning over 11,000 square feet, includes a recording studio and a massage room.
Selena’s personal journey has also shaped her philanthropic endeavors. Diagnosed with bipolar disorder in 2020, she has been candid about her struggles with mental health. This experience inspired her to prioritize mental health advocacy through the Rare Impact Fund. By October 2023, the fund had already raised $16 million, contributing to 26 organizations across five continents.
Despite the astronomical success, Selena Gomez remains humble about her wealth. In May 2024, she told TIME that discussing finances felt overwhelming and potentially damaging to her creative vision for Rare Beauty. During the New York Film Festival that September, she reiterated her discomfort with money talk, describing it as “distasteful” while expressing gratitude to her supporters. “I’m really, really honored and just happy,” she said, emphasizing that her focus remains on giving back and staying grounded.
