Selena Gomez has officially reached billionaire status, as reported by Bloomberg. Her estimated net worth of $1.3 billion makes her one of the youngest women in the country to achieve a 10-figure fortune. The majority of her wealth is attributed to the success of her makeup and cosmetics brand, Rare Beauty, which launched in 2019 and is available in the United States, Canada, and Mexico.
Selena Gomez’s Career and Achievements
At 32 years old, Gomez began her career as a child actor before transitioning into music and starring in the popular Hulu series “Only Murders in the Building,” which has been renewed for a fifth season. She is also set to appear in the Cannes-winning musical drama “Emilia Perez” by Jacques Audiard, scheduled to premiere in select theaters on Nov. 1 and stream on Netflix on Nov. 13.
While focusing more on her acting career in recent years, Gomez released singles like “Love On” in February and “Single Soon” in 2023 through her label Interscope Records. She also teased a new album and achieved success on the Billboard Hot 100 with her hit single “Calm Down,” a RIAA certified triple-platinum track featuring Afrobeats superstar Rema.
Gomez’s Financial Success and Impact
In addition to her music and acting ventures, Gomez’s social media influence, mental health brand, and various brand deals and sponsorships have contributed significantly to her wealth. The Bloomberg report analyzed her stake in Rare Beauty, interest in Wondermind, music album sales, properties, streaming deals, brand partnerships, concert earnings, and acting income to determine her financial standing.
Despite her busy schedule, Gomez remains engaged in various projects, including executive producing and starring in the Disney+ reboot of “Wizards of Waverly Place,” the series that launched her career as a teenager. The sequel, titled “Wizards Beyond Waverly Place,” is set to premiere on Oct. 29 at 8:00 p.m. ET.
FAQs
Q: How did Selena Gomez become a billionaire?
A: Selena Gomez’s billionaire status is primarily attributed to the success of her makeup and cosmetics brand, Rare Beauty, along with her music career, acting projects, social media influence, and brand partnerships.
Q: What is Selena Gomez’s upcoming project?
A: Selena Gomez is set to executive produce and star in the Disney+ reboot of “Wizards of Waverly Place,” titled “Wizards Beyond Waverly Place,” premiering on Oct. 29.
Credit: variety.com
