Selena Gomez has officially joined the billionaires’ club, with Bloomberg estimating her net worth at $1.3 billion as of Friday, September 6.
A significant portion of this wealth is attributed to her highly successful beauty brand, Rare Beauty, which she launched in February 2019. In addition to her thriving career as a singer and actress, Selena Gomez’s entrepreneurial efforts have played a pivotal role in her financial success.
According to Bloomberg’s report, more than 80% of Selena Gomez’s wealth comes from her majority stake in Rare Beauty, which has become a powerhouse in the beauty and influencer markets. Marketing expert Stacy Jones explained, “Selena is not just a pop star. She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.”
Beyond Rare Beauty, Selena Gomez’s billionaire status is also fueled by her investments in real estate, her mental health platform Wondermind, earnings from her music and acting careers, and lucrative paid partnerships.
Her recent accomplishments include the renewal of her hit series Only Murders in the Building for a fifth season and maintaining her status as the third most-followed person on Instagram.
Additionally, Selena Gomez reportedly earns up to $30 million per endorsement deal, according to Page Six. Selena Gomez rose to fame as a kid on the Disney Channel, started a music career, created her own beauty brand, and is now starring on the Emmy-nominated Hulu show.
