Selena Gomez has officially joined the ranks of self-made billionaires, with Bloomberg estimating her net worth at $1.3 billion. The 32-year-old actress, singer, investor, and entrepreneur has built her fortune through a combination of savvy business ventures, brand partnerships, and a successful career in entertainment.
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The majority of Gomez’s wealth comes from her makeup brand, Rare Beauty, which has gained a massive following since its launch five years ago. The brand, known for its viral liquid blush and lip tint products, has performed exceptionally well, generating net sales of $400 million in just 12 months.
In addition to Rare Beauty, Gomez’s financial portfolio includes her mental health platform Wondermind and endorsement deals with major brands like Puma, Coach, and Louis Vuitton, which have brought in tens of millions of dollars. Despite her considerable success in acting and music, these account for a smaller portion of her wealth, with her role in the Hulu series “Only Murders in the Building” earning her $6 million per season.
Gomez’s journey to billionaire status is not just about financial achievement; it reflects her commitment to using her influence for good. She has actively supported mental health initiatives, founding the Rare Impact Fund to raise $100 million to improve access to mental health services.
As the third most-followed person on Instagram, her social media presence has played a vital role in her brand’s visibility and success. Selena Gomez’s ascent to billionaire status solidifies her position as a powerful force in the worlds of business, beauty, and entertainment.
