Selena Gomez has entered the billionaire’s building!
The songstress has achieved a great milestone by becoming the United States’ one of the youngest female self-made billionaires thanks to the success of her cosmetics company Rare Beauty. This exciting news comes on September 6 via the report of Bloomberg. The Only Murders in Building star makes her way through the Index for the very first time with a net worth of $1.3 billion. The news comes days after it was reported that the ‘Fetish’ singer might sell her company. However, it was later denied by her. Let’s find out some more important details of this story.
Selena Gomez holds a net worth of $1.3 billion
As per the reports of Bloomberg, the 32-year-old now possesses a whopping $1.3 billion net worth making her USA’s one of the youngest self-made billionaires.
Gomez has been able to achieve this milestone largely due to the success of her cosmetics company, Rare Beauty Brands Inc., which she founded in 2020. The singed who rose to fame as a kid on the Disney Channel created this small cosmetic line into a much bigger, empire with some innovative and inclusive ideas.
The reports suggest 81 percent of her net worth comes from the much-loved cosmetic line.
Despite the rumours surrounding the singer’s walking out of the beauty brand she swifty shut down the speculations during a conversation for the 2024 TIME100 Summit April 24.
The ‘Wolf’ singer even noted that she is enjoying the brand “a little too much.”
Apart from the company’s profit Gomez’s almost 7 percent of net worth comes from her professional endorsements and almost 5 percent stems from touring. In fact, her mental-health startup Wondermind also added 2.3 percent of her worth.
Puls last but not least her acting projects and music albums and collaborations also includes a lot in earning.
She even earned her fourth Primetime Emmy nomination for her role in popular series like Only Murders in the Building.
On top of that, the business news portal Bloomberg also pointed out Gomez gets at least $6 million per season of Hulu series which kicked off its fourth season on Aug. 27.
Needless to say, it’s undoubtedly the biggest achievement of a self-made celebrity.
Also Read: Selena Gomez Said She Was Planning to Adopt a Baby Before Benny Blanco Romance
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