Selena Gomez Net Worth: From Actress to Billionaire
Selena Gomez Net Worth Milestone
Selena Gomez can now proudly add becoming a billionaire to her long list of achievements. The 32-year-old actress, singer, investor, and entrepreneur just achieved the financial milestone thus making her one of the youngest self-made billionaires in the United States, according to Bloomberg, which values her net worth at $1.3 billion.
Sources of Wealth
- Much of her wealth comes from her thriving Rare Beauty makeup line, which is popular among influencers and teens.
- Additional earnings stem from her successful acting career and lucrative brand partnerships.
- Gomez has a strong social media presence, with 424 million followers on Instagram, boosting her endorsement deals significantly.
Her brand partnerships include a reported $30 million deal with Puma and $10 million with Coach, making her a formidable presence in the beauty and fashion industries.
Investments and Future Plans
Recently, Gomez has sought investors for Rare Beauty, aiming for a valuation of $2 billion. She also remains committed to charitable efforts through her Rare Impact Fund, aiming to raise $100 million for mental health services.
Additionally, her Hulu show, Only Murders in the Building, was renewed for a fifth season, reportedly earning her $6 million per season.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.