Selena Gomez, the American singer, actress, and entrepreneur, has officially joined the exclusive billionaires club, according to Deadline. This financial milestone is largely attributed to the booming success of her beauty brand, Rare Beauty, launched in 2019.
Gomez’s entrepreneurial efforts have significantly contributed to her estimated net worth of $1.3 billion, solidifying her position as one of the youngest female billionaires in the United States. The beauty brand, which focuses on inclusivity and mental health awareness, accounts for approximately 81.4 percent of her total wealth, highlighting its substantial impact on her financial success.
However, Gomez’s wealth isn’t solely tied to Rare Beauty. Her diverse income streams include her stake in the mental health startup Wondermind, revenue from music album sales, real estate investments, and earnings from streaming deals, brand partnerships, concert tours, and acting projects.
Despite her last solo tour concluding in 2016 and her most recent album, ‘Rare,’ being released in 2020, Gomez has remained a prominent figure in the entertainment industry. She continues to garner accolades as both a star and executive producer of the popular Hulu series ‘Only Murders in the Building,’ which has recently been renewed for a fifth season. Her work on the show earned her a first-time Emmy Award nomination for Outstanding Lead Actress in a Comedy Series and the show itself has been nominated for Outstanding Comedy Series for three consecutive years.
Gomez is also set to revisit her television roots with the upcoming sequel series ‘Wizards Beyond Waverly Place,’ premiering on October 29th at 8 pm ET/PT. The new series, a follow-up to her original Disney Channel show, ‘Wizards of Waverly Place,’ features Gomez and her former co-star David Henrie reprising their roles while also serving as executive producers for the sequel.
Selena Gomez’s journey from a beloved Disney star to a successful businesswoman and one of the youngest female billionaires exemplifies her dedication and multifaceted talents, proving that her star continues to shine brightly in the entertainment world and beyond.
