Demi Lovato: The Ways She Spends & Earns Her Fortune

After winning millions of hearts as a child star in several Disney shows and movies, Demi Lovato is a successful artist and is worth millions. Here’s how the star earns and spends her millions.

Demetria Devonne Lovato was born in 1992 in Albuquerque, New Mexico. Sadly, her parents split up when she was hardly two. Lovato began showing interest in music at an early age and began playing the guitar and piano at ten. Today, Demi has a net worth of about $40 million. Here is how she earns and spends her fortune.

7 Earns: Acting Career

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Lovato began her acting career with Disney and acted in the show Barney and Friends as early as 2002. From 2007-2008 the actor appeared on the short series on Disney titled As the Bell Rings. According to Celebrity Net Worth Worth, Demi was also starring in another Disney movie called Camp Rock, which had a viewership of about 8.9 million.

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Lovato’s Disney Channel sitcom, Sonny With a Chance, earned her a fortune and ran for two long seasons from 2009 to 2011. After that, her debut was again a Disney movie, Princess Protection Program, alongside the singer and pop star Selena Gomez. Soon the celebrity made a comeback with her role as Mitchie Torres in the second part of Camp Rock called Camp Rock 2: The Final Jam. Besides acting, Demi was also a voice artist and worked in the Smurfs movie as a lead, which was hyped among fans.

6 Spends: Real Estate

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One of the fancy expenditures of the pop star is in real estate, especially the house she bought for her family on her 18th birthday. According to The Travel, it was a Mediterranean-style house in Los Angeles and a small gesture of gratitude towards her family.

At the age of sixteen, Demi purchased another luxury estate for her family worth $1.88 million in Toluca Lake. In addition, she has had properties in Hollywood Hills, Los Angeles, worth about $8.3 million. One of her latest purchases was in 2020, a mansion in Studio City, California, worth a brilliant $8.25 million.

5 Earns: Music Career

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After a successful acting career, the pop star embarked on a new path. First, she tried getting launched into a music career. Her first song was part of Camp rock, and it was called This Is Me. Demi’s debut song was a big success and ranked at number 9 on the Billboards.

Her ranking got her a deal with Hollywood Records, and soon she released one album after another. Her hits include Here We Go Again (2009), which also topped the billboard 200. Some of her other albums are Unbroken (2011), Demi (2013), Confident (2015), and Tell Me You Love Me (2017), to name a few. Lovato built a considerable chunk of her wealth from the international tours that she ventured upon to spread her music amongst fans. For example, the Tell Me You Love Me tour singlehandedly earned her over $21 million.

4 Spends: Luxury Cars

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Having a net worth of $40 million has its perks. According to The Things, Demi owns an E350 supercar with a premium sound system, Parktronic, and an iPod Kit.

The singer/ actor was reported to go for flashy automobiles when she was younger. But as she became a seasoned artist, she went for more sophisticated items like Porsches and G-Wagons to load her garage.

3 Earns: Television Projects

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As stated by Women’s Health magazine, Demi has been a reality TV show judge and earns a fortune out of it. She became a Judge on the X Factor alongside celebrity stars such as Britney Spears, Simon Cowell, and LA Reid.

The first season of X-Factor earned her a splendid $1 million. Although, at the time of the second season, Lovato was in a place to demand its double compensation.

2 Spends: Philanthropy

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Demi made a charitable trip to Kenya in 2017 to volunteer in a program of building schools for children. She also helped Kenyan women sell their handmade jewelry so they could earn bread for their families.

Demi Lovato’s most recent contribution to American society has been the $125,000 that she donated as a relief fund for the pandemic. Lovato is also big on mental health welfare.

1 Earns: Endorsement Deal and Book Sales

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Other than making money from acting and music, Lovato has also made money through lucrative endorsement deals. She is known to have endorsed prestigious brands such as CORE Hydration, Fabletics, and Ember.

According to Showbiz Cheat Sheet, she also makes a fortune from selling her book Staying Strong: 365 Days a Year, released in 2013. When the book became a New York bestseller, Demi was motivated to write another journal related to her previous book, and it was called Staying Strong: A Journal.

Demi Lovato has an incredible net worth and likes to spend her fortune not just on herself but also on others. Other than spending in rescuing the lives of the underprivileged, she also likes to sponsor parties and vacations for friends and family. She is reported to have rented a private island in Fiji and Bora Bora for her squad. Additionally, Demi spends on fashion accessories and clothing on red carpets and different concert shows. In Fact, she manages her clothing line.

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Source: Showbiz Cheat Sheet, Women’s Health, The Things, Celebrity Net Worth, The Travel

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