Highlights
- The media profits from drama between celebrities like Selena Gomez and Hailey Bieber, fueling the public's desire to see that their lives aren't perfect.
- Gomez's net worth skyrocketed to $800 million, largely due to her successful skincare launch of Rare Beauty and investments in companies like Wondermind and GoPuff.
- Despite their alleged feud, Gomez and Bieber seem to have resolved any issues and want the negativity to end so they can enjoy their wealthy lifestyles.
It seems like these days, the name Selena Gomez and Hailey Bieber cannot be mentioned independently of one another. This is because the media loves when there is drama between celebrities such as these two women. The more drama or perceived drama there is, the more money there is to be made. And this all has to do with the public's unquenching thirst to read about spats between the rich and famous to see that their lives are not always as perfect as they appear.
Most of the time, the money to be made is by those reporting the drama. In very few instances do the celebrities being reported on make anything from the feud they are involved in. But there are times when it happens. And in the end, Gomez may just have been one of those special celebrities who parlayed the negative press about her over the past several months into an absolute fortune.
Selena Gomez Has A Net Worth Of $800 Million
Gomez has never been one to hurt for money since she started in the entertainment industry with her stint on Barney & Friends in 2002. Since that time, she has been working on growing her net worth to tens of millions of dollars from her acting and music careers.
In fact, previous estimates put Gomez's fortune in the range of $75 million in 2021, an estimate that is none too shabby. A year later, that estimate was at $95 million.
But just one year after that, Gomez's fortune went from that $95 million range to a net worth of $800 million. Rumors are swirling that the huge jump has something to do with the feud with Bieber.
While the exposure from the media did not hurt when it came to keeping Gomez in the spotlight, according to Celebrity Net Worth, it was actually her skincare launch of Rare Beauty that increased the Only Murders in the Building star's wealth exponentially.
In conjunction with her partnership with Wondermind and the food delivery company, GoPuff, that launch has turned Gomez from a multimillionaire into nearly a billionaire.
What is interesting is that while Bieber too has a successful skincare line, she has not benefited from the drama between herself and Gomez the way the Boyfriend singer has.
As such, Bieber's net worth has remained consistent at $20 million. This estimate is nothing to be upset about, but it certainly is nothing close to the $800 million Gomez has earned.
How Selena Gomez's Net Worth Markedly Increased
Though it was acting and singing that made the first part of Gomez's fortune, it is clear that her later ventures have become the real revenue makers for The Dead Don't Die star's net worth. This is because of just how much the companies are worth that Gomez has invested in.
When Wondermind launched in 2022, the goal was just to get newsletters to subscribers a few times per week. That quickly grew into not only newsletters but a podcast as well, with an end goal of mental health products being available for purchase as well.
Investors loved the idea of the company, and after a Series A funding round in 2022, the company quickly grew to be worth $100 million.
As a result of the pandemic, home delivery of goods, specifically food, skyrocketed. Seeing a good investment opportunity, Gomez jumped on board with a successful delivery service, GoPuff. The company was worth $4 billion in 2019, with the last estimates showing the company was worth $40 billion in 2022.
While it has not been disclosed just how much Gomez invested in the company, if it was anything substantial, she made a huge return on her investment.
However, it is Rare Beauty that has made Gomez the bulk of her fortune. This is because the company and its products are generating $300 million in sales, with the company itself being valued at $1.2 billion.
With investments and companies making the type of money these three are for Gomez, she does not have to sing or act if she does not want to. Instead, she gets to cherry-pick her roles which is an amazing feeling for any entertainer in the industry.
Where Selena Gomez's Beef With Hailey Bieber Stands Today
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 while he and Gomez were still together, there has been a lot to unpack between the "feud" between the model and Gomez.
If Bieber is to be believed, she and the Bad Liar singer are on good terms today.
"I don't think that this is about me, Hailey Bieber, and Selena Gomez," Bieber explained. "This is not about this pitting between two women — it’s about the vile, disgusting hatred that can come from completely made-up and twisted, and perpetuated narratives that can be really dangerous."
She went on to say, "And I think that it's an opportunity to really stand for bringing people together and not being OK with the kind of division that it caused, because I’m not OK with [it]. I don’t like this whole idea of team this person and team this person — I want to be able to bring people together and I think that it was a really important moment for people to see that you can do that and it doesn't have to be about this whole divisive nature."
"I’ve hated it since the beginning and it goes back to being misunderstood," Bieber stated. "Time and time again I say there is no issue and it's so disappointing that people still behave this way over a man."
Given that Bieber has been liking Instagram stories from Gomez as of late and that Gomez defended Bieber when death threats were being cast in the Rhode skincare founder's direction, it appears that if there was a feud, it has been squashed.
Are the two women best friends? No. But it is clear that both want the viral vitriol to stop so that they can just go about living their lavish lives that are worth millions of dollars.
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