Hollywood
Selena Gomez Achieves Billionaire Status at 32: A Remarkable Journey to Financial Success
Selena Gomez has reached a significant milestone in her career, becoming one of the youngest self-made billionaires in the United States. According to Bloomberg, the 32-year-old actress, singer, and entrepreneur now boasts a net worth of $1.3 billion, a testament to her diverse and successful ventures.
The bulk of Gomez’s wealth stems from her stake in Rare Beauty, the makeup line she launched five years ago. Rare Beauty has quickly gained popularity among influencers and younger consumers, contributing substantially to Gomez’s financial success. As reported by Bloomberg, Rare Beauty accounts for the “vast bulk” of her fortune, highlighting the brand’s significant impact on her wealth.
In addition to her beauty empire, Gomez has also invested in Wondermind, a mental health platform, further diversifying her portfolio. Her massive social media presence, with 424 million Instagram followers, has bolstered her earnings through lucrative brand endorsements. Notable partnerships include Puma and Coach, which have collectively brought in $40 million for Gomez.
Gomez’s acting career continues to be a strong revenue stream. She earns $6 million per season for her role in Hulu’s “Only Murders in the Building,” which was recently renewed for a fifth season. With Rare Beauty reportedly seeking a $2 billion valuation, Gomez’s financial success is poised to keep growing, cementing her status as a trailblazing entrepreneur and entertainer.
