Selena Gomez has recently become one of the youngest self-made billionaires in the United States, with a net worth of $1.3 billion. At just 32 years old, Gomez has achieved this financial milestone through her successful career as an actress, singer, investor, and entrepreneur. While she has earned money from singing, brand partnerships, and acting, the majority of her wealth comes from her 5-year-old makeup line, Rare Beauty, which has proven to be a hit with influencers and teens.
Bloomberg estimates the value of Gomez’s stake in Rare Beauty, along with her interest in the mental health platform Wondermind, as well as earnings from her music, acting, properties, and social media partnerships. With 424 million followers on Instagram, Gomez is the third most followed person on the platform, behind Cristiano Ronaldo and Lionel Messi. This large following has allowed her to secure lucrative endorsements with brands like Puma and Coach, with reported deals worth $30 million and $10 million, respectively.
Gomez’s success with Rare Beauty has also placed her in the celebrity-led category of makeup brands, alongside Rihanna and the Kardashians. She has even approached investors with a plan to value Rare Beauty at $2 billion. In addition to her makeup line, Gomez earns income from various sources, including her role in the Hulu show “Only Murders in the Building.” The show has been renewed for a fifth season, with Gomez reportedly making $6 million per season. She also receives a smaller portion of her earnings from music royalties.
Despite her early success and financial achievements, Gomez has continued to diversify her portfolio and explore new business opportunities. Her journey from a child star to a billionaire entrepreneur serves as inspiration for young aspiring artists and entrepreneurs. Gomez’s dedication, hard work, and strategic investments have propelled her to the top of the entertainment and business industries. As she continues to expand her brand and influence, Gomez’s legacy as a successful and innovative businesswoman will undoubtedly continue to grow.
In a world where social media presence and influence are becoming increasingly important, Gomez has leveraged her massive following on platforms like Instagram to secure profitable partnerships and endorsements. Her ability to connect with fans on a personal level has made her a sought-after brand ambassador and business partner. With her knack for identifying market trends and catering to the needs of her audience, Gomez has positioned herself as a formidable force in the beauty industry and beyond. The future looks bright for this young billionaire, as she continues to break barriers and set new standards for success in Hollywood and the business world.
