Selena Gomez And Benny Blanco Buy $35 Million Beverly Hills Estate To Add To Their Splashy Property Portfolio
As far as engagement presents go, a $35 million Beverly Hills estate takes some beating. That's the lavish gift Selena Gomez and music producer Benny Blanco bought themselves in the same month they announced they were due to be hitched.
According to Realtor.com, Gomez, 32, and Blanco, 36, announced their relationship news on Dec.11. They had just closed on a sprawling new seven-bedroom, 12-bathroom Spanish-style home they purchased on Dec.4.
The home is tailor-made for the couple. The property comprises two lots on which sit the main residences and two guesthouses—one houses a studio and the other a home theater.
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When Gomez and Blanco (whose real name is Benjamin Joseph Levin) started working on music together in 2015 — Blanco co-produced two songs on Gomez's 2015 album, Revival: 'Kill Em With Kindness' and 'Same Old Love' — Gomez had yet to reach the dizzying billionaire status that she now enjoys. According to multiple sources, Blanco has amassed a $50 million fortune, working with artists including Ed Sheeran, Katy Perry, Kesha, Rihanna, Ariana Grande, and Gomez's ex, Justin Bieber.
According to Bloomberg, Gomez became a billionaire thanks to her cosmetics brand, Rare Beauty, which was founded in 2019. By 2024, Bloomberg had calculated she was worth $1.3 billion. The financial website's 'wealth calculation' took into account the following streams of income:
81% of her income was derived from Rare Beauty. According To Business of Fashion, as of March 2024, Rare Beauty was valued at approximately $2 billion. Its most successful product in 2023 — its $23 Soft Pinch Liquid Blush — earned $70 million alone.
5% came from music tours
2% came from album and single sales.
Trending: Many don't know there are tax benefits when buying a unit as an investment —
Acting: Gomez is both an actress and executive producer on Hulu's 'Only Murders In The Building,' for which she reportedly earns 'at least' $6 million per season.
Real Estate: According to Realtor.com, Gomez owns two properties in the Los Angeles area besides the home she recently purchased with her finacé. These include Tom Petty's former home in Encino, which she bought for $4.9 million in 2020. The 9,000-square-foot home contains a recording studio and a sunken performance space.
She also owns a one-story home in Woodland Hills, which she purchased in 2017 for $1.8 million. The four-bedroom, four-bath, 3,500-square-foot property has been renovated and includes light-colored wood floors, luxury indoor and outdoor kitchens, and a backyard pool with a flagstone surround.Bianco's net worth comes mostly from his music. In 2019, Hipgnosis Songs Fund acquired a music catalog comprising 100% of Blanco's copyright ownership of 93 compositions, all released since 2015.
In June 2023, Litmus Music acquired a 'portfolio of compositions' covering what it said were 'numerous multi-platinum hits and hundreds of songs'. Amongst the acquisitions were 30 No.1 Billboard singles and 11 Grammy nominations for Song of the Year, Album of the Year, Best R&B Song, and Producer of the Year.
Neither Blanco nor his buyers gave any details on the dollar amounts paid for the two deals. However, shortly after the agreement with Hipgnosis, Blanco purchased a $9.2 million mansion from Tinder co-founder Sean Rad.
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This article Selena Gomez And Benny Blanco Buy $35 Million Beverly Hills Estate To Add To Their Splashy Property Portfolio originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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