Selena Gomez: The Youngest Self-Made Billionaire
Selena Gomez has reached a milestone that many can only dream of. According to a recent report from Bloomberg, the 32-year-old star has officially become a billionaire.
The Rise to Billionaire Status
Gomez’s estimated net worth now stands at an impressive $1.3 billion, solidifying her position as one of the world’s youngest self-made billionaires. The majority of her wealth can be attributed to the success of her popular Rare Beauty business, which she launched in 2019.
Billboard has reached out to Gomez’s representative for further comments on this significant achievement.
Diverse Ventures Contributing to Wealth
In addition to Rare Beauty, Gomez’s reported 10-figure bank account is also fueled by her music catalog, acting roles in projects like Jacques Audiard’s Emilia Perez and Hulu’s Only Murders in the Building, real estate investments, and brand partnerships. With a massive following of 424 million on Instagram, Gomez’s influence extends far beyond the entertainment industry. She has also seen financial gains from her investments, including her involvement in the mental health platform Wondermind, co-founded with her mother, Mandy Teefey, and entrepreneur Daniella Pierson.
Joining the Billionaire Club
Selena Gomez now joins a select group of musicians who have achieved billionaire status, including Taylor Swift, Rihanna, Jay-Z, Ye, and Bruce Springsteen. Bruce Springsteen was the most recent addition to this elite club, with Forbes estimating his net worth at $1.1 billion in July.
Upcoming Projects and Achievements
Following the success of Only Murders in the Building, Gomez’s Emmy-nominated series, she is set to executive produce and appear in a Disney+ reboot of Wizards of Waverly Place, the show that launched her career. In a recent interview, Gomez expressed her gratitude for her beginnings and her hope to bring joy to a new audience with this project.
Conclusion
Selena Gomez’s journey to becoming a billionaire is a testament to her talent, hard work, and entrepreneurial spirit. With diverse ventures contributing to her wealth and a promising future ahead, Gomez continues to inspire fans worldwide.
FAQs
Q: How did Selena Gomez become a billionaire?
A: Selena Gomez achieved billionaire status through the success of her Rare Beauty business, music catalog, acting roles, real estate investments, brand partnerships, and her involvement in the mental health platform Wondermind.
Q: Who are some other musicians who are billionaires?
A: Other musicians who have reached billionaire status include Taylor Swift, Rihanna, Jay-Z, Ye, and Bruce Springsteen.
Credit: www.billboard.com