Selena Gomez, the multi-talented actor and singer, has officially entered the billionaires' club, with her net worth reaching an estimated $1.3 billion. Bloomberg recently reported that the primary driver of this massive wealth increase is her successful beauty brand, Rare Beauty, which has captured the attention of consumers worldwide.
However, despite her financial milestone, Selena remains humble and prefers to steer clear of discussions about wealth. While promoting her upcoming film Emilia Perez at the New York Film Festival, Gomez expressed her discomfort at discussing money. “I personally think it’s distasteful to talk about money. But I really am giving all the credit to the people who buy the products,” she said in an interview with Entertainment Tonight, as quoted by Page Six.
Rare Beauty’s Success: The Billionaire Maker
According to Bloomberg’s report, over 80% of Selena’s wealth stems from her majority ownership in Rare Beauty, a brand that has been embraced for its inclusive approach to beauty and its strong ethical stance. Launched in 2020, the makeup line focuses on self-expression and self-acceptance, ideals that resonate deeply with Selena’s fans and consumers. The brand's mission has undoubtedly contributed to its popularity, pushing it to become a major force in the beauty industry.
Beyond her cosmetics empire, Selena’s wealth is also bolstered by her investments in real estate, her role as a co-founder of Wondermind, and her continued success in the entertainment industry. Her acting and music careers, coupled with lucrative brand partnerships, have all played a part in building her financial empire.
Selena’s Continued Success in Hollywood
Selena Gomez's achievements go beyond her entrepreneurial ventures. Recently, she was seen at the Primetime Emmy Awards, where she celebrated her first-ever Emmy nomination. She was recognized for her role in Only Murders in the Building, where she stars as the lead actress in a comedy series. Her portrayal in the show has garnered both critical acclaim and fan admiration, further cementing her status as a multi-faceted talent in Hollywood.
Though Selena has made waves as one of the youngest billionaires, she remains focused on her work and contributions beyond her financial status. By leveraging her platform for good and promoting self-love and inclusion, Gomez is proving that her wealth extends far beyond dollars and cents.
While Selena Gomez’s billionaire status is a testament to her hard work and business acumen, she remains grounded in her approach. Preferring to let her projects and fans speak for her success, Selena continues to make waves not only in beauty and entertainment but also as a role model for
humility and grace.