Selena Gomez’s Net Worth Amid Hailey Bieber Feud: These days, it seems impossible to discuss Hailey Bieber without also mentioning Selena Gomez. This is so because the media adores drama between famous people, like these two women. There is more money to be made the more drama, or perceived drama, there is. The public’s insatiable desire to read about celebrity fights in order to learn that their lives are not always as wonderful as they seem is the cause of all of this.
Most of the time, people who report on the drama are the ones who profit financially. But it does occasionally happen. And in the end, Gomez might have been one of those unique celebrities who turned the unfavorable coverage she had received over the previous few months into an enormous fortune.
Selena Gomez’s Net Worth: 800 million after her 31st Birthday
Since she first entered the entertainment profession in 2002 with a stint on Barney & Friends, Gomez has never been one to hurt for cash. Since then, she has worked to increase her net worth through her acting and music talents to tens of millions of dollars. In reality, prior projections put Gomez’s wealth in the neighborhood of $75 million in 2021, which is a respectable estimate. That projection had increased to $95 million after a year.
But only a year later, Gomez’s fortune increased from $95 million to $800 million area. There are rumors circulating that the significant increase is related to the conflict with Justin Bieber. According to Celebrity Net Worth, Selena Gomez’s introduction of the skincare line Rare Beauty was what significantly increased her wealth, despite the fact that media attention did not hurt when it came to keeping her in the spotlight.
With the help of her collaboration with Wondermind and the meal delivery service GoPuff, that launch has elevated Gomez from multimillionaire to almost billionaire status. It’s noteworthy to note that despite having a popular skincare line of her own, Bieber has not reaped the same rewards from her relationship with Gomez as the Boyfriend singer has.
So, at $20 million, Bieber’s net worth has not changed. Although this amount is nothing to be alarmed about, it is undoubtedly far less than the $800 million Gomez has made.
How Selena Gomez’s Net Worth Significantly Rose
Although singing and acting contributed to Gomez’s early wealth, it is obvious that her later endeavors have become the actual sources of income for The Dead Don’t Die star’s fortune. This is a result of the high value of the businesses Gomez has invested in. The sole objective at the time of Wondermind’s start in 2022 was to deliver newsletters to subscribers a couple of times weekly. That swiftly expanded into podcasts and emails, with the ultimate goal of making mental health products readily available for purchase.
Investors adored the concept of the business, leading to a swift expansion and a valuation of $100 million after a Series A fundraising round in 2022. The epidemic caused home delivery of products, particularly food, to soar. Gomez joined a lucrative delivery company called GoPuff after spotting a solid investment opportunity. The corporation has a value of $4 billion in 2019, and according to the most recent projections, it will be worth $40 billion in 2022.
The majority of Gomez’s wealth, nevertheless, comes from Rare Beauty. This is due to the fact that the business, which has a $1.2 billion market value, generates $300 million in annual sales from both its products and business operations. Gomez does not have to sing or act if she does not want to, thanks to investments and businesses earning the kind of money these three do for her. As an alternative, she gets to choose her own roles, which is an incredible experience for any artist in the business.
Where Selena Gomez and Hailey Bieber Stand Today in Their Feud
There has been a lot to analyze in the “feud” between the model and Gomez, from Bieber and her alleged body-shaming of Gomez to the jokes about Gomez’s eyebrows and even the perceived being the other woman with Justin Bieber when he and Gomez were still together.
According to Justin Bieber, she and Selena are currently on friendly terms. Given that Gomez’s Instagram stories have recently received likes from Bieber and that Gomez defended him when the founder of Rhode Skincare received death threats, it seems as though any rivalry between the two has been resolved.
The two women are they best friends? No. But it’s obvious that both parties want the online animosity to cease so they can resume living their extravagant, million-dollar lifestyles.