Selena Gomez is now a part of Bloomberg’s billionaire ranks, underscoring her significant accomplishments and financial growth.
According to the Billionaires Index by Bloomberg, Selena Gomez – an American pop star – has now become a billionaire.
From her successful ventures in music and hit shows to her Rare Beauty brand, the multi-talented actress and entrepreneur has accumulated a staggering fortune of $1.3 billion.
Rare Beauty Brand Inc. accounts for over 80% of Gomez’s net worth, as reported by the publication.
Her wealth was also boosted by partnerships with brands, acting contracts, and startups focused on mental health.
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As a young performer in the 2000s, Gomez rose to fame. According to reports, her portrayal of Alex Russo on Disney Channel’s Wizards of Waverly Place earned her approximately $3 million from 2007-2012.
After that, she began her music profession by joining the pop-rock group “Selena Gomez & The Scene” before pursuing a solo career.
Gomez ranks third in popularity on Instagram, with 424 million followers, after football legends Cristiano Ronaldo and Lionel Messi.
Gomez’s wealth predominantly originates from sources other than music tours, which constitute less than 5% of her earnings. Album and record sales are even lower at below 2%. She has not participated in any tours since the year 2016.
Gomez’s net worth of about $1.1 billion mainly stems from her ownership in Rare Beauty.
