Selena Gomez Joins Youngest Billionaires Club with $1.3 Billion Net Worth
Selena Gomez's Impressive Financial Journey
Selena Gomez, the American singer and actress, has officially joined the youngest billionaires club, according to the Deadline report. This financial feat follows the success of her beauty brand, Rare Beauty. Her entrepreneurial efforts, combined with her thriving career as a singer and actress, have significantly boosted her net worth.
Entrepreneurial Ventures Lead to Billionaire Status
- At 32, Selena Gomez's estimated net worth is a whopping USD 1.3 billion, making her one of the youngest female billionaires in the United States.
- Around 81.4 percent of her net worth originates from her majority stake in her beauty brand.
- Stacy Jones, a marketing expert, states, “Selena is not just a pop star. She’s a multifaceted businesswoman.”
Diverse Income Streams
Besides her beauty brand, Selena Gomez also generates revenue from:
- Real estate investments
- Mental health startup Wondermind
- Music album sales and streaming deals
- Paid brand partnerships and concerts
- Acting projects
Television Comeback
Selena Gomez is set to return to television with a sequel to her hit Disney Channel show, Wizards of Waverly Place. The new series, Wizards Beyond Waverly Place, is scheduled to premiere on October 29 this year, further solidifying her prominence in the entertainment industry.
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.