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Selena Gomez has officially joined the billionaires' club, and it’s safe to say she’s having a really good year. But how exactly did she achieve such a status?
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Gomez's financial ascent is no surprise to anyone who’s been paying attention. She’s been collecting dollars faster than she collects awards. From her wildly successful music career to her diverse business ventures, including her beauty line, Rare Beauty, and her major role as a producer, she’s clearly mastered the art of turning talent into treasure.
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The 32-year-old actress, singer, investor and entrepreneur just achieved the financial milestone thus making her one of the youngest self-made billionaires in the United States, according to Bloomberg, which values her net worth at $1.3 billion.
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Some of the wealth for the 'Only Murders in the Building' star comes from singing, brand partnerships and acting, but the “vast bulk” of her wealth is tied to Rare Beauty, her 5-year-old makeup line that is a success with influencers and teens, the publication revealed Friday.
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Gomez’s wealth is based on Bloomberg’s “estimated value” of her stake in the beauty brand, plus her interest in mental health platform Wondermind and various other earnings from her music, acting, properties and money she makes from partnerships that she posts about on social media, which includes her 424 million followers on Instagram.
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Selena has been a savvy businesswoman, transforming her brand into a powerhouse. Rare Beauty is not just a makeup line; it’s a statement. She’s been breaking down beauty standards and making everyone feel like a star, one lipstick at a time.
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And let’s not forget her role as a producer. Gomez has been working behind the scenes to create hit shows and projects that resonate with audiences. If you’re wondering how she manages to juggle it all, well, she must have a magic wand or at least a really good planner. Or maybe she’s just the epitome of “work hard, play hard”—with a sprinkle of “look fabulous while doing it.”
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Other revenue streams for the former child star include income from her Hulu show 'Only Murders in the Building,' which was just renewed for a fifth season where she makes $6 million a season, according to Bloomberg, and a smaller slice from her music royalties.
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On top of that her popularity on Instagram makes her the third most followed person, behind soccer icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million), helping her rake in massive endorsements with Puma, worth a reported $30 million, and Coach, a $10 million deal.
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In short, Selena Gomez has taken the road from pop sensation to financial powerhouse with grace, style, and probably a few secret superpowers. So next time you’re feeling down about your bank account, just remember: Selena's out there proving that dreams—and billion-dollar bank accounts—are within reach. Keep shining, Selena, and maybe drop us a hint on how you manage it all—though we have a feeling you’re just born to be a billionaire superstar!
Selena Gomez can now add becoming a billionaire to her long list of achievements. The 32-year-old actress, singer, investor and entrepreneur just achieved the financial milestone.
Yes, that’s right—Selena Gomez, the pop star with a penchant for catchy tunes and a knack for social media wizardry, has hit a billion-dollar net worth. Cue the confetti and the “I’m so excited!” dance moves.