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Selena Gomez Becomes Billionaire Thanks to Rare Beauty, Acting, and Business Ventures

September 6, 2024 31

Selena Gomez has officially reached billionaire status, according to a report from Bloomberg on September 6. The 32-year-old star now boasts an estimated net worth of $1.3 billion, primarily due to the remarkable success of her Rare Beauty brand, launched in 2019. This achievement places her among the world’s youngest self-made billionaires. Her wealth is further supported by her expansive music catalog, acting roles, and real estate ventures.

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In addition to Rare Beauty, Gomez’s wealth stems from her role in Only Murders in the Building and her involvement in the mental health platform Wondermind, which she co-founded with her mother and entrepreneur Daniella Pierson. Her 424 million Instagram followers, the third-most on the platform, further fuel her brand partnerships and business ventures. Gomez now joins the ranks of billionaire musicians, including Taylor Swift, Rihanna, and Jay-Z, who have similarly crossed the 10-figure threshold.

The announcement comes just after the fourth season premiere of Only Murders in the Building, for which Gomez received Emmy nominations. She is also set to executive produce and appear in a Disney+ reboot of Wizards of Waverly Place, the show that launched her career. Gomez hopes the reboot will bring joy to a new generation of fans, just as it did for those who grew up watching the original series.

Written by: Power Radio

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