Selena Gomez has officially joined the billionaire club, with Bloomberg estimating her net worth at $1.3 billion. The milestone highlights her success in music, acting and business.
Gomez, who is famous for the show ““The Wizards of Waverly Place,” has built a diverse career. Her beauty brand, Rare beauty, launched in 2020, has become a major driver of her wealth, generating significant revenue, including $70 million from a single product in 2022.
Her financial success far exceeded Rare beauty. Gomez is related to Magical intelligencea mental health foundation, along with her ongoing music career, acting roles, and various endorsement deals. Unlike her peers who rely heavily on music tours for income, Gomez’s income comes from multiple sources, making her one of the youngest self-made female billionaires in the United States.
Her approach to wealth differs from Taylor Swift, who achieved billionaire status primarily through music. Gomez’s path reflects the modern model of celebrity wealth built on social media presence and branding rather than traditional entertainment revenue.
Gomez’s billionaire status also underscores her influence beyond entertainment. With more than 424 million followers on Instagram, she uses her platform to advocate, particularly for mental health, aligning with initiatives like the Rare Impact Fund.
Looking ahead, Gomez could pursue larger investments in film production or philanthropy, marking a new phase in her career. Her journey from child star to billionaire entrepreneur illustrates the changing nature of celebrity influence and success in the 21st century.
