American pop star Selena Gomez has officially become a billionaire, according to Bloomberg’s Billionaires Index. The actress, singer, and entrepreneur amassed an estimated $1.3 billion fortune, primarily from her successful Rare Beauty brand, as well as her music, acting, and various business ventures.
More than 80% of Gomez’s net worth comes from her stake in Rare Beauty, which has become a top player in the cosmetics industry. In addition to her beauty brand, Gomez’s wealth is bolstered by brand partnerships, acting roles, and investments in mental health startups.
Rising to fame as a child star on Disney’s Wizards of Waverly Place, where she earned around $3 million, Gomez later launched a successful music career and transitioned into business. With 424 million Instagram followers, she is the third-most followed person on the platform, behind only Cristiano Ronaldo and Lionel Messi.
Interestingly, music tours and album sales make up only a small fraction of Gomez’s fortune. Her most significant earnings come from Rare Beauty, where her stake is valued at around $1.1 billion.
Selena Gomez’s incredible journey from child star to billionaire entrepreneur showcases her diverse talents and business acumen.
