She has a net worth of $40 million and she likes spending it in a lot of different ways.
Demi Lovato has been on the spotlight for many years, and despite having amassed a net worth of $40 million, she has some regrets when it comes to starting her career so early. As discussed with Huff Post:
“I wouldn’t start that young if I could do it over again. I don’t regret anything, but it was difficult to transition from being a child star to transforming into a mainstream artist. It’s something that is very challenging.”
However, her career paid off and she wells deserve to enjoy her money. Here’s how she spends it:
1- Her Hollywood Hills mansion
Demi Lovato has an expensive taste when it comes to her living space. That is why she purchased a stunning mansion that cost her $8.9 million. The property spans over an acre, and it includes a swimming pool, spa, turf lawn and a dining gazebo.
2- Buying shares in a rehab clinic
She became a part-owner of a rehab clinic out in Los Angeles. In part, it was an emotional investment as it is the same clinic she attended when she decided to get her treatment.
3- Donations to combat the pandemic
As many other celebrities, Demi Lovato donated $125,000 towards the pandemic fund. She explained her decision on NY Daily News:
“Recently, we’ve watched our world change and have thought hard about holding off on the launch. After sitting down to reflect for a few days, we realized there’s no better time to inspire others with my capsule, which has always been about channeling your inner strength. In addition to lifting up those in need right now, it’s so important for us all to feel empowered, invincible, and strong from the inside out.”
4- Luxury bags
According to The Purse Blog, Demi Lovato loves her expensive bags. Her collection includes some premium items like the Gucci Medium Babouska Heart Tone, Burberry Studded Elly Hobo, and Prada Vitello Shine Bowler handbag.