32-year-old American actress Selena Gomez, known as 席琳娜·戈梅茲 in Taiwan, is not only a triple threat in the entertainment industry but has also made a successful foray into the business world. She currently possesses a net worth of $13 billion, joining the ranks of the world’s youngest billionaires alongside pop music sensation Taylor Swift.
According to a report by the Daily Express, the recent Bloomberg Billionaires Index shows Selena Gomez making her debut on the list with an estimated net worth of $13 billion.
Unlike her friend Taylor Swift, who primarily amassed her wealth through music and concert tours, Selena Gomez has leveraged her talent and hundreds of millions of social media followers to generate income through various business ventures.
Combining her roles as a singer, songwriter, actress, TV producer, and entrepreneur, Selena Gomez boasts a massive following on Instagram with 424 million fans, ranking third globally in terms of followers, following only legendary athletes Cristiano Ronaldo and Lionel Messi. Her immense popularity has led to numerous lucrative commercial endorsements, including a $30 million deal with Puma and a $10 million contract with Coach.
A significant portion of Selena Gomez’s wealth comes from her cosmetics brand, “Rare Beauty,” which she founded five years ago. With the brand quickly gaining widespread market recognition, her stake in the company is now valued at over $10 billion, making her one of the youngest self-made female billionaires in America. Her staggering wealth puts her on par with pop music superstar Taylor Swift.
While Selena Gomez is most renowned as a singer, her income from music-related endeavors pales in comparison to her other revenue streams. Concert tours account for less than 5% of Gomez’s wealth, while album and record sales bring in less than 2%.
Additionally, Selena Gomez has invested in the field of mental health and was involved in creating the mental health platform “Wondermind.” She has emphasized that any business collaborations she undertakes “must include elements of charity or be related to mental health,” underscoring her commitment to mental health awareness. The platform offers mental health tools, interviews, and newsletters, with an estimated value of $100 million in 2022.
Currently, Selena Gomez is focused on her role as Mabel Mora in the series “Only Murders,” co-starring with Steve Martin and Martin Short. The fourth season premiered on August 27th, with Gomez reportedly earning at least $6 million per season from the show.
In contrast, Taylor Swift, aged 34, embarked on “The Eras Tour” last year, spanning five continents with sold-out shows at every venue. This ongoing tour is set to continue breaking records until the end of this year. With just 53 concerts in the U.S. last year, Taylor Swift’s net worth reached $11 billion. After officially entering Forbes’ billionaire list in April and surpassing $13 billion in net worth according to Forbes on May 31st.
Notably, among Taylor Swift’s net worth exceeding $13 billion, approximately $600 million comes from royalties and concert tour earnings, another $600 million from music copyright valuation, and the remaining $125 million from real estate. This record makes Taylor Swift the first wealthy celebrity to climb the ranks primarily through performing arts income, rather than investments and business ventures.