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Demi Moore did not need to take The Substance to sweep this award season.
In fact, the actress turned heads on the red carpet at the 2025 Oscars, where she is nominated for Best Actress in a Leading Role, while wearing a custom silver Armani Privé dress with a plunging neckline. (See all the stars at the ceremony here.)
Heading into the awards ceremony at the Dolby Theatre, hosted by Conan O’Brien, Demi is up against fellow Best Actress in a Leading Role award nominees including Fernanda Torres (I’m Still Here), Karla Sofia Gascón (Emilia Pérez), Cynthia Erivo (Wicked) and Mikey Madison (Anora).
Indeed, the Ghost actress has taken the award season by storm with her role as an aging Hollywood starlet willing to do anything to retain her youth—and career in the spotlight—in The Substance, earning both a Golden Globe and SAG Award so far.
And as she’s achieved the biggest accolades of her lengthy career in recent months, Demi has also looked back on where it all began and what this journey has meant for her. “It was in 1978,” she noted of getting her SAG card at the SAG Awards Feb. 23. “I was 15, almost 16, and it changed my life because it gave me meaning.”
“It gave me purpose and it gave me direction,” Demi—who shares daughters Rumer Willis, 36, Scout Willis, 33, and Tallulah Willis, 30, with ex Bruce Willis— continued, “because I was a kid, on my own, who had no blueprint for life—and I certainly knew nothing about acting.”
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The G.I. Jane actress went on to share how important it is to believe in yourself.
“There’s this idea that what we believe is so much more powerful than what we think,” she shared. “But the reality is when I believe it, I will see it—and I am so grateful for this.” To see all of the stars at the Oscars, keep reading.
Chelsea Lauren/Shutterstock
Halle Berry
In Pomellato Jewelry.
David Fisher/Shutterstock
Monica Barbaro
Arturo Holmes / Staff / GETTY IMAGES
Penelope Cruz
Arturo Holmes / Staff / GETTY IMAGES
Samuel L. Jackson
David Fisher/Shutterstock
Colman Domingo
Amy Sussman/Getty Images
Colin Jost & Scarlett Johansson
In Thierry Mugler and De Beers jewelry.
Mike Coppola / Staff / GETTY IMAGES
Sterling K. Brown
Stephen Lovekin/BEI/Shutterstock
Ben Stiller
Arturo Holmes/WireImage
Jeremy Strong
Kevin Mazur/Getty Images
Michelle Yeoh
Stephen Lovekin/BEI/Shutterstock
Kieran Culkin
Monica Schipper/Getty Images
Amy Poehler
David Fisher/Shutterstock
Meg Ryan
David Fisher/Shutterstock
Isabella Rossellini
Frazer Harrison / Staff / GETTY IMAGES
Emma Stone
In custom Louis Vuitton.
Chelsea Lauren/Shutterstock
Miley Cyrus
In Alexander McQueen.
Chelsea Lauren/Shutterstock
Selena Gomez
In custom Ralph Lauren and Stuart Weitzman heels.
Chelsea Lauren/Shutterstock
Doja Cat
In custom Balmain, Messika High Jewelry, and Amina Muaddi shoes.
Frazer Harrison/WireImage
Adrien Brody
David Fisher/Shutterstock
Margaret Qualley
In Chanel.
Mike Coppola/Getty Images
Goldie Hawn
Monica Schipper / Staff / GETTY IMAGES
Ava DuVernay
David Fisher/Shutterstock
Queen Latifah
David Fisher/Shutterstock
Ana de Armas
David Fisher/Shutterstock
Laura Dern
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Demi Moore
In custom Armani Privé and Chopard jewelry.
Monica Schipper / Staff / GETTY IMAGES
Giancarlo Esposito
Arturo Holmes/WireImage
Ariana Grande
In Schiaparelli.
David Fisher/Shutterstock
Zoe Saldaña
In custom Saint Laurent and Cartier jewelry.
Chelsea Lauren/Shutterstock
Cynthia Erivo
In custom Louis Vuitton.
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