Selena Gomez is a renowned American singer, actress, and producer with various income streams, including her music career, acting roles, and endorsement deals. In August 2022, Serena Williams invested $5 million in ‘Wondermind,’ a mental health start-up co-founded by Gomez. This investment indeed boosted the valuation of the company and showed Williams’ support for mental health initiatives. However, this does not directly translate to an $800 million net worth for Selena Gomez.
Typically, the net worth of an individual is calculated by subtracting their liabilities from their assets. In the case of Selena Gomez, her assets include earnings from her music and acting career, endorsements, and a stake in various business ventures like ‘Wondermind.’ While the investment from Serena Williams would increase the value of ‘Wondermind’ and, by extension, Gomez’s assets, claiming an increase in personal net worth to $800 million seems speculative and exaggerated.
As of September 2023, various credible financial news sources estimated Selena Gomez’s net worth to be around $95 million to $120 million. These estimations consider her earnings over the years, her lifestyle, and her known business ventures.
Conclusion: The claim that Selena Gomez’s net worth reached $800 million in 2023, predominantly due to Serena Williams’ investment in ‘Wondermind’, is mostly false. While Gomez’s involvement in the start-up and other ventures have likely contributed to an increase in her net worth, the $800 million figure is not supported by credible financial reports or analyses available up to September 2023.
