Selena Gomez: A Billionaire's Journey in Celebrity and Lifestyle

Selena Gomez’s Rise to Billionaire Status

Selena Gomez has become a billionaire thanks to the success of her Rare Beauty brand. The 32-year-old star has enjoyed significant success as a singer and actress, but Rare Beauty, Selena's make-up and cosmetics brand, has seen her personal fortune top the $US1 billion ($A1.5 billion) landmark. According to Bloomberg, Gomez is actually worth an eye-watering $US1.3 billion ($A1.9 billion), marking her debut on the Billionaires Index.

Rare Beauty's Impact on Her Wealth

Bloomberg noted that Rare Beauty, which Gomez founded and owns, accounts for the vast bulk of her personal wealth. She has a huge social media following, including more than 400 million followers on Instagram. Throughout her career, Gomez has partnered with various renowned brands, including Puma and Louis Vuitton.

More Than Just a Business

Earlier this year, Gomez claimed that she never intended for Rare Beauty to be about making a lot of money. Launched in 2020, the cosmetics company is committed to raising $US100 million ($A148 million) for mental health awareness, which is dear to Gomez's heart.

Future Plans for Rare Beauty

Despite its staggering valuation, Gomez has no plans to sell the company. The Only Murders In The Building star stated, “I don’t have any plans on that, genuinely.”