Selena Gomez has officially joined a select group of young celebrities: the actress, singer, and entrepreneur has become a billionaire at the age of 32. According to Bloomberg’s Billionaire Index, Selena’s net worth is estimated at $1.3 billion (approximately R$ 7.3 billion at the current exchange rate). While there’s no doubt about the multi-talented artist and entrepreneur who began her career at the age of 7, the majority of her wealth, around 81.4%, comes from her beauty brand, Rare Beauty. Launched in 2020, the label was an immediate success, especially among Gen Z. Earlier this year, rumors surfaced that Selena had hired financial advisors to evaluate investment and even acquisition offers for the brand. The company has an estimated market value of $2 billion, and the singer holds a $1.1 billion stake. Selena also co-founded the mental health startup Wondermind, in partnership with her mother, Mandy Teefey, and entrepreneur Daniella Pierso, which was valued at $100 million in 2022. The platform provides tools for well-being, such as text messages, podcasts, and a newsletter. With her first billion, the star is one of the youngest people in the United States to become a billionaire with money earned through her own hard work. A self-made billionaire.
Selena Gomez Joins Billionaires Club with Rare Beauty Success
