Using density-functional dynamical mean-field theory (DFDMFT) we show the importance of multiorbital electronic correlations in determining the insulating state of BiFeO 3 , a multiferroic material with an electron band gap larger than its bare bandwidth. Within the Fe 3+ oxidation state and using realistic values for the on-site Coulomb interaction, we unveil strongly correlated key features probed in x-ray photoelectron and absorption spectra, showing good qualitative theory-experiment agreement. We explore the electronic reconstruction hidden in ferromagnetic BiFeO 3 , predicting broad orbital-and spin-polarized features at low temperatures. Our proposal for ferromagnetic BiFeO 3 is expected to be an important step to understanding the emergent correlated electronic structure of magnetoelectronic and spintronic materials with persisting ordered localized moments coexisting with Coulomb reconstructed electronic states.