Demetria Devonne Lovato, more popularly known as Demi Lovato, is only 26 years old. Yet she has accumulated a net worth or more than $33 million by some estimates. Yet there are other estimates that vary widely from this number. Celebrity Net Worth has here as high as $45 million, while The Richest has her holding on to a mere $15 million. We are going to take a journey and discover not only how she managed to accumulate her wealth, but also some of the major events in her life that opened the doors to achieve her fame and fortune.
Starting out being a teen star is one sure way to get a financial head start, and Lovato falls into this group. She actually started out as a child actor, being seen on the popular PBS children’s show Barney and Friends. Six years later came the Disney movie Camp Rock followed by Camp Rock II two years later. The first measurable income we know of came from another Disney offering, Sonny with a Chance where she earned $12,000 per episode.
At the unbelievably young age of 21 she would make a cool $2 million for being a judge on Season 3 of X-Factor U.S. and became both the youngest judge on the show as well as the highest paid female judge ever. Here are some other numbers that will help you to determine whether her actual net worth is closer to the $45 million high or the $15 million low estimate. These numbers cover a five year span (2009 – 2013) and include her record sales, acting roles, stage tours, and personal endorsements.
- 2009 – $9.4 million
- 2010 – $85,000
- 2011 – $2.5 million
- 2012 – $2 million
- 2013 – $3.7 million
The year 2010 is definitely an anomaly, but after looking at her 2009 income Demi probably decided she needed a well-deserved break.
Next we will look at some of her major endorsement deals. Included in her list of high profile brand endorsements are Ember, Sketchers, the Radiant Collection, and Kat Hudson’s Fabletics activewear. She is active on social media, and her promotion of select brands on Instagram is said to bring her an additional $250,000 a year.
Though she is only 25, Demo has learned how to invest her wealth, as both a real estate investor and car collector. Her real estate holdings include a $1.88 million Toluca Lake Property in the Los Angeles area, a Hollywood Hills home that has an estimated current value of $8 million, and a Sherman Oaks, California property currently valued at $2.25 million. It can be safely presumed she makes a rental income from at least one of these properties.
As for her car collection, she combines practical with classy. Three of her known cars are:
- E350 Mercedes-Benz that cost her $150,000
- Sports Range Rover which is the priciest of the lot at $850,000
- Lx400h Lexus with an estimated value of between $45,895 and $54,555
For Demi, the hits just keep on coming. One of her recent albums, “Tell Me You Love Me” has made at least $1 million in the United States alone. She took the album on tour, and made an estimated $20 million for her performances.
With all these revenue streams it seems the sky is no limit for her future wealth building. But as is the case of many young teen and child stars, they find themselves in trouble of one type of another. Demi’s publicly admitted addiction problems have put some of her endorsement deals in jeopardy. Those problems extended to bulimia, and while being treated in Illinois at the Timberline Knolls Facility she was diagnosed with a bi-polar disorder.
The same problems recently resurfaced in 2018, when she punched the backup singer for the Jonas Brothers, Alex Welch. It turns out she had a relapse from some of her former addiction problems, and voluntarily went into a rehab facility. It was there that it was discovered she had overdosed on drugs.
Demi clearly has addiction and mental health issues, both which have the potential to derail future success. There have been no significant legal problems that would impact her total net worth, at least not yet. Her willingness to voluntarily admit herself into treatment is a healthy sign that she wants to continue her success, and deal with the problems she faces. Based on what has been presented here, the $33 million estimate seems reasonably accurate. For a 26 year old woman who has had her share of struggles, that number is certainly something to appreciate.