Selena Gomez may finally sit at the growing table of billionaire girl bosses such as Taylor Swift and Rihanna.
The 32-year-old triple threat (singer, actress, and most importantly… business mogul) has officially joined the billionaire club, according to the Bloomberg Billionaires Index. With a cool $1.3 billion to her name, she’s one of the youngest “self-made” female billionaires in the U.S.
Gomez’s wealth mainly comes from her various business ventures, with over 81% of her fortune linked to her Rare Beauty cosmetics brand.
However, Gomez has her fingers in many, many pies to slip that billionaire crown upon her beautiful brow.
How Selena Gomez Built Her Billion Dollar Empire
According to the Bloomberg Billionaires Index, other significant income sources include endorsements, touring, her mental health startup Wondermind, album sales, acting, streaming, and real estate.
Since first captivating audiences on Barney & Friends during her childhood, Gomez has gone on to star in a variety of television shows, including Wizards of Waverly Place and Only Murders in the Building. In addition to her television work, she has appeared in films such as Spring Breakers, Hotel Transylvania, and the upcoming Emilia Pérez.
It’s the sort of prolific acting career that would satisfy even the most ambitious thespian.
However, for Selena Gomez… the world was not enough.
She also had to put her high heels on the neck of the music industry.
She has achieved three No. 1 albums on the Billboard 200 and boasts several top-5 singles on the Billboard Hot 100.
Then, with calculated grace, she utterly dominated the cosmetics business world.
As reported by The Business of Fashion, Gomez’s Rare Beauty has achieved over $400 million in net sales since its launch in September 2020, as of March.
Meanwhile, America’s most beloved daughter, Taylor Swift, is also a billionaire. However, she accomplished this goal almost entirely through her music alone.
Earlier this year, it was reported that Swift achieved a remarkable milestone, being the only musician to reach this feat through music and live performances alone. Her Eras Tour, which launched in March 2023, has generated over $1 billion in revenue.