Selena Gomez Is A Billionaire
As reported by Bloomberg, Selena Gomez officially joined the ranks of billionaires on September 8, 2024. At 32 years old, she has amassed an impressive fortune of $1.3 billion, primarily thanks to her booming beauty brand, Rare Beauty, which launched in 2019. This milestone makes Selena Gomez one of the youngest female self-made billionaires in the world, a remarkable achievement.
Selena Gomez wealth isn’t just from her music and acting career; she gained fame as a Disney child star and currently stars in the popular series “Only Murders in the Building“. Most of her net worth comes from Rare Beauty, a cosmetics line that quickly became popular with teens and beauty influencers. Her massive social media following—with over 424 million Instagram followers—has helped her brand reach a global audience, contributing to its success.
Apart from Rare Beauty, Selena Gomez has also invested in other ventures. Her mental health startup, Wondermind, is part of her portfolio, along with numerous brand partnerships. Over the years, she has carefully built a diverse business empire, capitalizing on her influence and expanding her reach beyond entertainment. Selena now joins fellow celebrities like Taylor Swift in the exclusive billionaire club, underscoring the growing impact of women in business and entertainment.
This significant financial milestone has sparked discussions about Selena’s entrepreneurial skills, with many praising her business acumen. Her success with Rare Beauty highlights her ability to connect with audiences, creating products that resonate with her fans’ values, especially emphasizing mental health and inclusivity. Selena’s journey from a child star to a beauty mogul has been inspirational, proving that she’s more than just a singer or actress—she’s a savvy businesswoman with a powerful brand.
The news of Selena’s billionaire status comes amidst other exciting developments in her personal life, including engagement rumors, which have fueled further media attention. While Selena hasn’t confirmed these rumors, her new status certainly adds to the excitement surrounding her future, Hindustan Time
