Selena Gomez Achieves Billionaire Status With Beauty Brand

With Rare Beauty reportedly seeking a significant valuation, Gomez's financial success is expected to continue growing.

Selena Gomez

American singer and actress, Selena Gomez, has now joined the ranks of self-made billionaires.

Gomez's wealth is based on Bloomberg's "estimated value" of her stake in the beauty brand, plus her interest in mental health platform Wondermind and various other earnings from her music, acting, properties and money she makes from partnerships that she posts about on social media, which includes her 424 million followers on Instagram.

Her diverse portfolio of ventures has contributed to her financial success, including:

Rare Beauty: Her makeup line, launched a few years ago, is a significant source of her wealth.

Wondermind: She is an investor in this mental health platform.

Brand endorsements: Her substantial social media following has led to lucrative partnerships with prominent companies.

Acting career: She earns a notable income from her role in the popular Hulu series Only Murders in the Building.

With Rare Beauty reportedly seeking a significant valuation, Gomez's financial success is expected to continue growing.