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Entertainment July 20, 2017
If she needs money, she'll make it.
With titles of singer, songwriter, actor and producer under her belt, Selena Gomez has acquired a high net worth at the age of 24.
The Selena Gomez net worth is at $50 million but how did she get it at such a young age?
ENTITY breaks it down for you.
As the queen of Instagram, are you really surprised?
According to an analysis by D’Marie Analytics, Gomez’s posts are worth over $500,000 if they appear across Instagram, Facebook and Twitter. Frank Spadafora, CEO of D’Marie Group, explained the method behind the figure:
“This valuation is based on D’Marie’s algorithm which measures 56 metrics including followers, post frequency, engagement, quality of post, click-thru and potential to create sales conversions from her social content.”
Ultimately, they evaluate the worth of her social media posts by weighing multiple factors that include her followers, how people are engaging with her posts, the quality of the post, how many people are clicking through to the sponsored content she posts and the potential in creating sales from her social posts.
Overall, this rate is equivalent to her ad revenue for sponsored posts but they each vary depending on her agreement with each company.
She joined a $75,000 angel investment for the photo sharing app, Postcard on the Run. According to Forbes, the start-up was led by former Myspace exec Josh Brooks. The app allowed users to turn photos into physical postcards for 99 cents. She told Forbes that she was an active investor, helping Brooks understand the app from a millennial’s perspective.
“I put my money into the project because I really felt like it had meaning,” Gomez told Forbes. “I used to look through photo albums with my family, and now I don’t. There’s something really magical about holding a photo in your hands.
Gomez’s breakout TV role was as Alex Russo in “Wizards of Waverly Place.” The show aired from 2007 to 2012 and released 106 episodes.
According to Celebrity Net Worth, Gomez made $30,000 per episode.
July Moon Productions was launched by Gomez in 2008. She was only 16 years old when she launched the company, but she was already partnered with XYZ Films.
Also, the partnership gave Gomez the opportunity to buy or sell articles, hire writers and create talent packages. The deal also allowed Gomez to star and produce two films. So far, she has produced “13 Reasons Why” through her company.
Gomez signed a $10 million deal with Coach to become the face of the brand. She also created her own line for the luxury brand. Coach came to Gomez as the most followed person on Instagram in hopes of attracting younger customers. But what 16-year-old can afford a $500 bag?
After selling her Calabasas home to hip-hop artist French Montana for $3.3 million, she bought a house in Studio City for over $2 million. The Colonial-inspired home is about 3,200 square feet with three bedrooms and 2.5 bathrooms. Also, the home has a detached structure that could be used as a guest house or recording studio. The home also includes a swimming pool, spa and built-in barbecue.
According to Billboard, her top selling songs were “Love You Like A Love Song” with 2.7 million sold, “Come & Get It” with 2.1 million sold and “Who Says” with 2.1 million sold. Gomez sold 924,000 copies of “Kiss and Tell (with The Scene), 815,000 copies of “A Year Without Rain (with The Scene) and 707,000 copies of “When the Sun Goes Down (with The Scene).” According to MoneyNation, she amassed over $16 million in music sales by 2016.
The “Bad Liar” singer started her multi-million net worth at a young age. Her boyfriend, The Weeknd’s net worth is $30 million higher than hers, but she can only go up from here. And we don’t doubt that she will.
