American actress, singer and entrepreneur Selena Gomez is now a billionaire
American actress, singer, and entrepreneur Selena Gomez has officially become a Billionaire
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| American actress, singer and entrepreneur Selena Gomez is now a billionaire |
American actress, singer, and entrepreneur Selena Gomez has officially become a billionaire, with Bloomberg estimating her net worth at $1.3 billion. Much of her wealth stems from her diverse career in singing, acting, and brand partnerships, but the majority is tied to her makeup line, Rare Beauty, launched five years ago. This achievement places her among the "youngest self-made" billionaires on the Bloomberg Billionaire Index, alongside notable figures like Taylor Swift and Rihanna.
In addition to her entrepreneurial success, Gomez is also the world's third most-followed person on Instagram, boasting 424 million followers, trailing only soccer stars Cristiano Ronaldo and Lionel Messi.
Gomez's career began with the Disney Channel's hit show Wizards of Waverly Place, and she has since starred in numerous popular TV shows and films. She also created the now-canceled cooking show Selena + Chef and shares the screen with comedy legends Martin Short and Steve Martin in Only Murders in the Building. Her endorsement deals with brands like Louis Vuitton, Coach, and Puma have also significantly contributed to her wealth.
However, it's Rare Beauty that stands out as the cornerstone of her financial success. The brand achieved net sales of $400 million in the year leading up to February, and Gomez has reportedly sought a $2 billion valuation from investors.
In 2020, Selena Gomez shared her diagnosis of bipolar disorder and stated in an interview that any deal she engages in must include a charitable component, particularly related to mental health. To further this mission, she established the Rare Impact Fund, aiming to raise $100 million for mental health services.
In addition to her philanthropic efforts, Gomez has multiple revenue streams, including her role in *Only Murders in the Building*, which has just been renewed for a fifth season. She reportedly earns $6 million per season from the show, along with additional income from her music royalties.
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