Selena Gomez Reaches Billionaire Status
Selena Gomez is taking her beauty brand all the way to the bank after five years.
The Golden Globe nominee has reached billionaire status, according to a new report that finds her wealth has been largely driven by her Rare Beauty cosmetic brand, which she launched in 2019, as well as other ventures that leverage her 424 million Instagram followers.
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With an estimated $1.3 billion worth, she’s now one of the country’s youngest female billionaires, Bloomberg reported Friday.
Rare Beauty makes up 81.4% of Gomez’s fortune. The value also takes into account her interest in the Wondermind mental health startup, the estimated value of her music album sales and real estate properties, as well as earnings from streaming deals, brand partnerships, concert tickets and acting.
Although Gomez’s last solo tour was 2016’s Revival Tour, and her last album was 2020’s Rare, she has remained busy as a star and executive producer on Only Murders in the Building, which was recently renewed for Season 5.
Thanks to Only Murders in the Building, Gomez is currently nominated for an Emmy Award for Outstanding Lead Actress in a Comedy Series, her first nod in the category. The Hulu show is also up for Outstanding Comedy Series for the third consecutive year.
Meanwhile, Gomez is preparing to return to her roots with Wizards Beyond Waverly Place, a sequel series to her 2007-’12 Disney Channel series Wizards of Waverly Place, premiering Oct. 29 at 8pm ET/PT. Gomez and returning co-star David Henrie also serve as executive producers.
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