Texas, 7 September 2024 (TDI): Selena Gomez grew widely recognized as a young star on the Disney Channel and Barney. Her most recent status is that of billionaire.
As of Friday, Bloomberg, which included the actress and singer in its billionaire index, estimates that the 32-year-old has accumulated a wealth of $1.3 billion.
The journal estimated that the primary source of her fortune was her rare beauty makeup firm, which she launched five years ago and still owns a stake in worth over $1 billion.
With Taylor Swift and Rihanna among her fellow “youngest female self-made” millionaires, she has become extremely wealthy due to the success of her company.
In the 12 months leading up to February, Rare Beauty—which is well-known for its social media sensational liquid blush and lip tint—reportedly achieved net sales of $400 million.
As per Bloomberg, Selena Gomez has earned tens of millions of dollars through endorsement agreements with various brands such as Louis Vuitton, Coach, and Puma.
She reportedly earned “at least” $6 million a season for her Emmy-nominated performance in the popular Hulu series “Only Murders in the Building,” which was just given a fifth season renewal.
Last year, Selena Gomez surpassed all other women in the globe in Instagram following.
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Though she has canceled her account on occasion and talked about the platform’s detrimental effects on her mental health, she has more than 424 million fans on the platform, surpassing both Swift and Kylie Jenner.
The account was dormant on Friday as news of her most recent accolade hit headlines.
Texas native Gomez has been in the spotlight for almost thirty years. Her popularity has drawn attention to her relationship history, style choices, and health issues, including lupus and bipolar disorder diagnoses.
