Selena Gomez Joins the Billionaire Club, Thanks to Rare Beauty’s Success

Selena Gomez has become one of the youngest self-made billionaires, with a net worth of $1.3 billion. According to Bloomberg, the 32-year-old pop star, actress, and entrepreneur owes most of her wealth to her beauty brand, Rare Beauty, which has skyrocketed in popularity since its launch in 2019. The brand’s viral success on social media, coupled with sales of over $400 million in the last year, propelled Gomez onto Bloomberg’s billionaire list.

Although her acting career and music contributions have garnered acclaim, her business ventures have truly solidified her financial success. In addition to Rare Beauty, Gomez also profits from partnerships with major brands like Louis Vuitton and Puma. Her role in Hulu’s “Only Murders in the Building” has also contributed to her wealth, with reports stating she earns at least $6 million per season.

Selena Gomez now joins a small circle of female billionaire celebrities, including Taylor Swift and Rihanna, thanks to her combination of entertainment success and strategic business investments.