Selena Gomez Is Blowing Through Her Fortune

Selena Gomez, actress, singer and on-again, off-again girlfriend of Justin Bieber, might do well to keep an eye on her bottom line. With an estimated net worth of $16 million, the Spring Breakers co-star is said to be going through that money pretty quickly.
The pop star reportedly owns a trio of $3 million homes, one held for her family, although the ‘Come and Get It’ singer did put one of those houses (in Tanzana, California) up for sale last spring. Gomez had purchased the ranch style house in 2011 from Jonah Hill for a $2.175 million, and listed the 6,630-square-foot property for $3.495.
With her spending habits that include frequent usage of her private jets when travelling–which cost $20,000 an hour–any profit she makes from selling the house will most certainly be welcome.
The bulk of Gomez’s fortune started with her starring role on ‘Wizards of Waverly Place,’ an Emmy-award winning TV series on the Disney channel. The then-child star, who had been discovered in the children’s television show ‘Barney and Friends,’ was reportedly making $30,000 an episode as Alex Russo on ‘Wizards,’ which ran for four seasons, or 106 episodes, garnering the actress more than $3 million.
The 22-year-old has seen major success in her musical career too, with the lead single ‘Come & Get It’ on her solo debut album in 2013 placing in the top 10 on Billboard’s Hot 100 chart. She wrapped up her Stars Dance world tour last year, which was in support of that studio album. It was her first solo tour and in it, she visited North America and Europe. Currently, she has a new record contract with Intescope, which will take effect once she fulfills her contract with Hollywood Records by releasing a greatest hits album around Christmas 2014.
Another source of income is her Dream Out Loud line of clothing, which is available exclusively at Kmart. Launched in Fall 2010, the latest collection of teen fashion for girls was modeled by the star this summer and is on sale right now.
Gomez might want to try choosing better movies than this year’s teen comedy ‘Behaving Badly.’ First released in July for video-on-demand, and then in 10 theaters nationwide a month later, the movie was a box office bomb, actually receiving a “zero” rating on Rotten Tomatoes. In fact, the film has been disavowed by the author of ‘While I’m Dead Feed the Dog’, the autobiographical book on which the film is based.

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  • AnnieJTerry

    selena is a beautiful very successful girl I am quite jealous

  • fierce warrior

    got enough money to buy me a home..

  • Mbakey

    where are her parents to give advice, or an accountant. Sounds like the parents like her money. she’ll be broke is she doesn’t watch it, her fame could evaporate in a couple years, then what.