Selena Gomez, a well-known American singer and actress, has officially entered the billionaire club with an estimated net worth of $1.3 billion. At just 32 years old, she has achieved tremendous success in multiple fields, including singing, acting, and business ventures. A significant portion of her wealth now comes from her makeup company, Rare Beauty, which has grown rapidly since its launch just a few years ago. Let’s take a closer look at how Selena Gomez has built her impressive fortune.
Selena’s Journey from Disney to Stardom
Selena Gomez first gained recognition as a child star on Disney Channel’s popular show, The Wizards of Waverly Place. Her role in the show brought her fame and opened the doors to new opportunities in Hollywood. Over the years, Selena has been part of many TV shows and films, building a loyal fan base. One of her recent notable roles is in the hit TV series Only Murders in the Building, where she stars alongside comedy legends Martin Short and Steve Martin.
Rare Beauty: The Heart of Her Success
Although Selena Gomez’s acting and singing careers have been highly successful, her real financial breakthrough came from her cosmetics brand, Rare Beauty. Launched in 2020, Rare Beauty quickly became a popular name in the beauty industry. In the last 12 months, the brand reportedly made sales of $400 million, making it one of the most successful celebrity-owned beauty lines.
Rare Beauty focuses on inclusivity and self-love, which resonated with many fans and consumers. This unique approach to beauty, combined with Selena’s global influence, has turned Rare Beauty into a billion-dollar brand in just five years. Selena has also attracted investors to support her brand’s growth, further boosting her net worth.
Selena’s Social Media Influence
Apart from her business and entertainment ventures, Selena Gomez is also one of the most followed celebrities on Instagram, with 424 million followers. She ranks third in the world, just behind football stars Cristiano Ronaldo and Lionel Messi. Selena’s massive following on social media contributes significantly to her earnings, as she secures lucrative endorsement deals with global brands like Louis Vuitton, Puma, and Coach.
Television and Music Career
Selena’s role in Only Murders in the Building has been a huge success. The show recently released its fifth season, and Selena reportedly earns $6 million per season from this series alone. Her involvement in the show, along with its widespread popularity, has added millions to her wealth.
In addition to her acting, Selena Gomez has also had a successful music career. While music royalties make up a smaller portion of her earnings, her hits like “Come & Get It” and “Good for You” continue to contribute to her financial success. Selena’s music has resonated with fans worldwide, and she continues to be a force in the industry.
Lady Gaga’s Show-Stopping Look at the Venice Film Festival
Endorsements and Other Ventures
Selena has also earned millions through her endorsement deals with big-name brands. Companies like Puma, Louis Vuitton, and Coach have worked with Selena over the years, and her association with these luxury brands has only added to her impressive fortune. Her ability to blend her image with well-known companies has made her one of the top earners in celebrity endorsements.
