Bloomberg reports that a significant portion of Selena Gomez’s net worth is attributed to the success of her Rare Beauty makeup and cosmetics brand.
Selena Gomez has officially reached billionaire status, according to a Bloomberg report. Her estimated net worth of $1.3 billion places her among the youngest women in the U.S. to achieve a 10-figure fortune. Bloomberg attributes a substantial portion of her wealth to the success of her Rare Beauty makeup and cosmetics brand, which launched in 2019 and is available in the United States, Canada, and Mexico.
At 32, Gomez’s career spans acting, music, and producing. She began her career as a child actor and later made a mark in the music industry. Recently, she has been featured in the hit Hulu series “Only Murders in the Building,” which has been renewed for a fifth season. Gomez is also set to star in the Cannes-winning musical drama “Emilia Perez,” directed by Jacques Audiard, opening in select theaters on November 1 and streaming on Netflix starting November 13.
In addition to her acting endeavors, Gomez released new singles “Love On” in February and “Single Soon” in 2023 through her label, Interscope Records. She has been active on the Billboard Hot 100, notably with her RIAA certified triple-platinum hit “Calm Down,” a collaboration with Afrobeats superstar Rema.
The Bloomberg report also highlights Selena Gomez’s significant social media influence and her involvement with the mental health brand Wondermind, alongside her personal brand deals and sponsorships. According to the publication, the wealth analysis of Gomez considered the estimated value of her stake in Rare Beauty, her share in Wondermind, and the value of her music album sales, properties, streaming earnings, brand partnerships, concert revenues, and acting roles.
A representative for Gomez has not yet responded to Variety’s request for comment.
Gomez’s next project involves executive producing and starring in the Disney+ reboot of the Disney Channel series where she first gained fame, “Wizards of Waverly Place.” The sequel, titled “Wizards Beyond Waverly Place,” is set to premiere on October 29 at 8:00 p.m. ET.
