Selena Gomez can now add billionaire to her long list of accomplishments. With a net worth of $1.3 billion, the 32-year-old actress, singer, investor, and businesswoman has reportedly achieved financial milestones and become one of the country’s youngest self-made billionaires

 

 Some of the “Only Murders in the Building” star’s wealth comes from singing, brand partnerships and acting, but “the bulk of her wealth is tied to rare beauty, the success of her 5-year-old makeup line.” Influence and teenagers, the publication revealed Friday..

Gomez’s wealth is based on the “estimated value” of her stake in the Bloomberg beauty brand, as well as her interests in mental health platform WonderMind and various earnings from her music, acting, property and partnerships. What he posts on social media. , including his 424 million Instagram followers. His popularity on Instagram makes him the third most followed figure behind football icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million), leading to his massive endorsement of Puma. $30 million for assists and $10 million for coaching.

 Act But her following has also helped her Rare Beauty line, putting her in the category of celebrity-led makeup brands dominated by Rihanna and the Kardashians.

 Gomez has also reportedly approached investors about the rare beauty, who is reportedly valued at $2 billion. In 2020, Gomez revealed that she had been diagnosed with bipolar disorder and later told Entrepreneur that any deal with her “has to have an element that’s charitable or mental.” Be in the place of health.” He launched the Rare Impact Fund to help raise $100 million to help people access mental health services. Other sources of income for the former child star include her Hulu show “Only Murders in the Building,” which was just renewed for a fifth season and earns $6 million per season, according to Bloomberg. He earns a small cut from his music royalties.

Early Career:

Selena Gomez started acting when she was young, first on shows like “Barney & Friends.” She quickly moved on to bigger roles, including the famous “Wizards of Waverly Place.”

Music Success:

Selena is also a well-known singer. She’s released many hit songs and albums, both as a solo artist and with her band, Selena Gomez & the Scene.

Rare Beauty:

Selena created a popular makeup brand called Rare Beauty. It’s known for offering products for all different skin tones.

Social Media:

Selena is very famous on Instagram and other social media sites. Her big online following helps her connect with fans and promote her brand.

Mental Health Advocacy:

Selena openly talks about her own mental health struggles and works to support others. She uses her platform to raise awareness and help people get the mental health support they need.

Only a few months have passed since his pal Taylor Swift achieved billionaire status in April 2024. With a $1.1 billion net worth, Swift, 34, was rated No. 2,545 on Forbes’ list of the world’s billionaires. Notably, Swift became the first performer to become a billionaire just via songwriting and live performances.

On the other hand, Gomez’s luck is more inconsistent. According to Bloomberg’s wealth estimate, Gomez’s profits from music, real estate, streaming arrangements, and brand endorsements were all appraised, in addition to her ownership in Rare Beauty.
She has broadened her business outside acting since becoming well-known as a young star on the Disney Channel series Wizards of Waverly Place. Gomez is the creator of the makeup brand Rare Beauty, which was introduced five years ago and has gained popularity among influencers.

Summary

Selena Gomez began acting young, with early roles in shows like “Barney & Friends” and later in “Wizards of Waverly Place.” She’s also a successful singer, known for both her solo work and her band. Selena started a popular makeup line called Rare Beauty, which offers products for different skin tones. She’s a big name on social media, helping her stay connected with fans and promote her brand. Selena speaks openly about mental health and supports people through her charitable work and advocacy.

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