Selena Gomez is a well-known singer and actress who has enjoyed great success in the music industry since she was very young. She started her career as a child actor on Disney Channel’s “Wizards of Waverly Place” before transitioning into the music world.
According to Forbes, Selena Gomez’s net worth is estimated at $75 million. Her earnings come from several sources, including album sales, concert tours, acting roles, and brand endorsements.
Her music career began in 2009 with the release of her debut album “Kiss & Tell,” which sold over 900,000 copies worldwide. Since then, she has released four more albums that have all been successful both commercially and critically. According to Nielsen Music/MRC Data (via Billboard), Selena’s songs have garnered over 22 billion streams globally as of August 2021.
In addition to album sales and streaming royalties from her music catalog available on platforms such as Spotify and Apple Music, Selena has also earned significant income from touring. In fact, her Revival Tour in 2016 generated an estimated $35 million in ticket sales alone.
On top of these revenue streams, Selena has also landed several lucrative endorsement deals throughout her career. In recent years, she has partnered with major brands like Puma ($30-$50 million deal) and Coach ($10 million deal). These endorsements not only provide additional income but also help build up her personal brand awareness among fans outside of the entertainment industry.
Overall, there are many ways for celebrities like Selena Gomez to earn money beyond their primary careers in entertainment. For those looking to break into the industry or simply increase their earning potential within it – diversifying revenue streams through things like merchandising or collaborating with other artists can be key strategies for long-term financial success.
In conclusion; Selena Gomez’s impressive earnings are a result of multiple sources ranging from album sales to tours and brand endorsements. She has managed to diversify her revenue streams, and this has allowed her to achieve financial success in the music industry.