American actress, singer, and entrepreneur Selena Gomez is now a billionaire. BloombergAccording to which her net worth is estimated at $1.3 billion. The outlet said that some of the 32-year-old actress’ wealth comes from singing, brand partnerships and acting, but the “largest portion” of her wealth is tied to her 5-year-old makeup company Rare Beauty. The success of her brand has made her one of the “youngest self-made” rich people on the Bloomberg Billionaires Index, along with Taylor Swift and Rihanna.
according to BloombergThe ‘Only murders in the building’ The star has also made a fortune as the world’s third most followed person on Instagram. She is behind football icon Cristiano Ronaldo, who has 639 million followers on the platform, and Lionel Messi, who has 505 million Instagram followers. Ms Gomez herself has 424 million followers.
Selena Gomez’s career is like a fairytale beginning ‘The Wizards of Waverly Place’ – A popular TV show on the Disney Channel. She also has several other popular TV shows and film projects. She created a now defunct Max cooking show ‘Selena + Chef’ and starred alongside comedy icons Martin Short and Steve Martin in the hit show ‘Only murders in the building’.The 32-year-old has also earned millions of dollars from endorsement deals with companies such as Louis Vuitton, Coach and Puma. Bloomberg,
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However, despite her on-screen success, these accomplishments are a relatively small part of her wealth. The “largest portion” of her wealth is tied to Rare Beauty, which she launched in 2020. The brand reportedly generated net sales of $400 million in the 12 months through February. She has reportedly approached investors for Rare Beauty, seeking a valuation of $2 billion.
In 2020, Ms Gomes revealed that she was diagnosed with bipolar disorder and later said in an interview that any deal made with her must have an element that is in the charitable or mental health sector. She launched the Rare Impact Fund to help raise $100 million to help people access mental health services.
The 32-year-old’s other revenue sources also include income from her shows ‘Only murders in the building’ which has recently been renewed for a fifth season, where she reportedly earns $6 million per season, plus a small portion of her music royalties.
