Selena Gomez – an American singer, actress, producer, and businesswoman – has officially joined the ranks of self-made billionaires and is reportedly a billionaire now!
Selena Gomez is one of the youngest female self-made billionaires in the United States with an estimated net worth of $1.3 billion, according to the Bloomberg Billionaires Index. The Who Says singer’s cosmetic line, Rare Beauty, is said to be the primary source of over 81% of her income.
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Other noteworthy sources of revenue for her include real estate investments, records, touring, acting, endorsements, and her mental health firm Wondermind. It is important to note that Gomez established her cosmetics company in September 2020, and as of March 2024, its net sales had exceeded $400 million.
There were also rumors that the actress from Only Murders in the Building was promoting the product. But in an interview with The Times in May, she addressed the rumors. “I don’t have any plans on that, genuinely,” she said to the magazine.
Gomez’s achievements, however, trail those of her close friend Taylor Swift, who became a millionaire earlier this year.
