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** RIGHTS: WORLDWIDE EXCEPT IN UNITED STATES ** Los Angeles, – Selena Gomez buys Los Angeles home for $2.25 million. The singer has splashed out on a new three-bedroom, 3,188sq ft home in LA’s Studio City for a bargain – for the area, at least – $2.25 million. Gomez, who has a net worth of $50 million, snapped up the traditionally designed, 1951 home, which has attractive vaulted ceilings, walk-in wardrobes, and an office/music room for whipping up new songs. Hidden from the prying eyes of fans by tall hedges, the secluded mansion is a step down for the Texas-born ex-Disney star compared to her her previous California residences, which sold for $3.5 million and $3.3 million. Her purchase of the Studio City home comes after she sold her Hidden Hills mansion for $3.3 million in 2015 – unfortunately for Gomez, she paid $4.5 million for it six months earlier. And in 2014 she sold a home in Tarzana – the first she ever owned – to Iggy Azalea and then-partner Nick Young for $3.45 million. She made a tasty profit there, having picked it up for $2.2 million. Gomez is currently also selling another property, a 10,000sqft space in Fort Worth, Texas, for $3 million. Meanwhile her boyfriend The Weeknd reportedly splashed out a whopping $18 million for his own Hidden Hills mansion recently.
BACKGRID UK 24 MAY 2017
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