Selena Gomez, the 32-year-old singer and actress, has officially achieved billionaire status, according to the Bloomberg Billionaires Index. With an estimated net worth of $1.3 billion, Gomez is now one of the youngest self-made female billionaires in the United States.
The primary driver of her fortune is her highly successful cosmetics brand, Rare Beauty, which accounts for over 81% of her wealth. Since its launch in September 2020, Rare Beauty has made a significant impact in the beauty industry, generating more than $400 million in net sales by March 2024.
In addition to Rare Beauty, Gomez’s diverse income streams include endorsement deals, her mental health platform Wondermind, music sales, touring, acting roles, and real estate investments. Her recent success highlights her entrepreneurial spirit and ability to build a thriving business empire alongside her entertainment career.
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Gomez’s wealth has grown exponentially, with her brand resonating with consumers for its inclusive and positive messaging. As the “Single Soon” singer continues to expand her ventures, she solidifies her place among the most influential and successful young entrepreneurs in the world.
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