Selena Gomez is in rarefied financial air. According to a report from Bloomberg published on Friday (September 6), the 32-year-old star has officially reached billionaire status.
More specifically, Gomez now has an estimated net worth of $1.3 billion, making her one of the youngest self-made billionaires in the world. The publication attributes the “huge amount” of her wealth to the success of her popular Rare Beauty business, which she launched in 2019.
Bulletin board Gomez's rep has been reached for comment.
Other ventures that make up her 10-figure bank account are her music catalog and acting roles – most recently Jacques Audiard Emilia Perez and Hulu is underway Only murders in the building — as well as her real estate portfolio and brand partnerships, bolstered by her 424 million Instagram followers, the third most on the app. Gomez is also proud of her investment returns, including her stake in mental health platform Wondermind, which she founded in 2022 with her mother, Mandy Teefey, and entrepreneur Daniella Pierson.
The “Lose You to Love Me” singer is now one of the few musicians to become a billionaire, along with close friends Taylor Swift, Rihanna, Jay-Z, Ye and Bruce Springsteen. The boss was the latest to join the elite club before Gomez, with Forbes estimating his fortune at $1.1 billion in July.
The news comes about a week after the fourth season premiered Only Murdersthe previous season of which won Gomez Emmys for Outstanding Lead Actress in a Comedy Series and Outstanding Comedy Series. Her next endeavor is a Disney+ reboot of the Disney Channel series where she started – Wizards of Waverly Place — which she will executive produce and appear opposite David Henrie, who played her older brother in the original series.
“I really feel like it was where I started, and I'll always be grateful for that moment,” Gomez said of the project, slated for an October 29 release, in a recent interview with People. “I just hope this new chapter can bring a whole new audience the same joy we did when we were younger.”
from our partners at https://www.billboard.com/music/music-news/selena-gomez-billionaire-bloomberg-1235769025/